Business

About Business News...

Transport Topics business coverage focuses on the financial, economic, and commercial aspects of the modern freight business. Looking at both the microeconomic and macroeconomic forces shaping bottom lines, the news in this category includes labor news, jobs reports, tonnage and sales indicators, operations analysis, money and banking, mergers, acquisitions, e-commerce, bankruptcy, insurance issues, and more.

Government, Business, Logistics, TCA

Holiday Shopping Season Brings Hopes for Supply Chain Improvements

As this year’s holiday shopping season ramps up, shipping industry experts say supply chain issues that plagued the season last year have alleviated, but there are other dynamics at play.

Kelly Yamanouchi | The Atlanta Journal-Constitution
November 22, 2022
Business, Logistics

Analyst: Carriers Feeling Effects of Higher Operating Costs

DALLAS — Higher operating costs, more volatile market cycles and a shift from West Coast ports are characteristics of the post-pandemic freight market, according to an industry analyst.

Noël Fletcher | Staff Reporter
November 21, 2022
Business, Logistics

Norfolk Southern to Buy Cincinnati Rail Line for $1.62 Billion

Norfolk Southern Corp. agreed to acquire Cincinnati Southern Railway, tightening the company’s grip on a critical 337-mile line it already operates under a lease agreement.

Richard Clough | Bloomberg News
November 21, 2022
Business, Logistics

Carriers Feeling Cheery About On-Time Holiday Deliveries

The nation’s major shipping companies are in the best shape to get holiday shoppers’ packages delivered on time since the start of the pandemic, suggesting a return to normalcy.

David Sharp | Associated Press
November 21, 2022
Government, Business, Logistics

December Strike Possible as Rail Union Rejects Labor Deal

The possibility of a nationwide freight rail strike beginning as early as Dec. 9 moved one step closer when the union SMART-TD, one of the largest in contract talks with the six Class I freight carriers, turned down a tentative agreement negotiated in mid-September by Labor Secretary Marty Walsh and other officials.

Dan Ronan | Senior Reporter
November 21, 2022
Business, Perspective

Perspective: Tax Credits Available for Trucking

Clarus Solutions' Blake Baumann: "One solution to help ease some pressure in the trucking industry may lie in pursuing government tax incentive programs, such as the Work Opportunity Tax Credit."

Blake Baumann | Vice President of Client Success, Clarus Solutions
November 21, 2022
Government, Business, Logistics

Judge Orders Amazon to Stop Retaliations Against Organizers

A federal judge has ordered Amazon to stop retaliating against employees engaged in workplace activism, issuing a mixed ruling that also hands a loss to the federal labor agency that sued the company earlier this year.

Haleluya Hadero | Associated Press
November 21, 2022
Business, Technology, Safety

Technology Can Help Deter Cargo Theft, Experts Say

DALLAS — Hidden GPS trackers installed with freight loads and mobile apps that transmit trip details to carriers are being deployed to deter a rise in fake businesses, stolen company identities and scam purchase orders that aim to help thieves steal cargo, experts said.

Noël Fletcher | Staff Reporter
November 21, 2022
Government, Business, Equipment, Safety

West Virginia to Renovate Travel Plazas, Add Truck Parking

West Virginia is demolishing two travel plazas along its turnpike to create modern ones, adding a total of 45 new truck parking places, announced Gov. Jim Justice.

Noël Fletcher | Staff Reporter
November 21, 2022
Government, Business, Technology, Equipment, Safety

Senate Bill Targets Catalytic Converters

Legislation targeting the theft and trafficking of catalytic converters was recently introduced in the U.S. Senate.

Eugene Mulero | Senior Reporter
November 21, 2022