Business
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.
Kroger Eyes Merger With Albertsons
Kroger Co. is in talks about a tie-up with rival Albertsons Cos. in a deal that would create a U.S. grocery giant, people familiar with the matter said.
October 13, 2022Driver Recruitment Strong Despite Uncertain Economy
The trucking industry’s push to recruit drivers is as strong as ever despite signs freight demand may be softening.
Trucking Weighs In on Independent Contractor Proposal
The U.S. Department of Labor has proposed a rule that would set multi-factor standards for what constitutes an independent contractor.
Saudis Say US Sought One-Month Delay of OPEC+ Production Cuts
DUBAI, United Arab Emirates — Saudi Arabia said Oct. 13 that the U.S. had urged the kingdom to postpone a decision by OPEC and its allies — including Russia — to cut oil production by a month.
Sony, Honda Kick Off EV Company
TOKYO — A new electric car company that brings together two big names in Japanese business, Honda and Sony, officially kicked off Oct. 13.
White House Aims to Speed Up Pace of Building Infrastructure
WASHINGTON — The White House hosted a summit Oct. 13 to help speed up construction projects tied to the roughly $1 trillion infrastructure law — an effort to improve coordination with the mayors and governors who directly account for 90% of the spending.
Inflation Pressures Intensified in September
WASHINGTON — Inflation in the United States accelerated in September, with the cost of housing and other necessities intensifying pressure on households, wiping out pay gains that many have received and ensuring that the Federal Reserve will keep raising interest rates aggressively.
Port Leaders to Meet Amid Rapidly Changing Environment
Uncertainty over labor negotiations at West Coast ports and East Coast facilities seeing a surge in business are just two signs port industry leaders see in a fast-evolving environment.
Rural Minnesota Freight Highway to Get $10 Million Face-Lift
A 90-year-old undivided two-lane freight corridor is getting a $10 million face-lift in a Minnesota agricultural belt where truckers, commuters and farmers cope with high crash rates and congestion.
Bison Transport Acquires Pottle’s Transportation
Bison Transport has acquired Hermon, Maine-based truckload carrier Pottle’s Transportation, it was announced Oct. 12.