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.

Business, Private

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, 2022
Government, Business, Equipment, Logistics

Driver 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.

Connor D. Wolf | Staff Reporter
October 13, 2022
Government, Business

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.

Eric Miller | Senior Reporter
October 13, 2022
Government, Business, Fuel

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.

Jon Gambrell | Associated Press
October 13, 2022
Business, Technology, Fuel

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.

Yuri Kageyama | Associated Press
October 13, 2022
Government, Business

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.

Josh Boak | The Associated Press
October 13, 2022
Government, Business

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.

Christopher Rugaber | Associated Press
October 13, 2022
Business, Equipment, Logistics

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.

Dan Ronan | Senior Reporter
October 12, 2022
Government, Business, Safety

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.

Noël Fletcher | Staff Reporter
October 12, 2022
Business

Bison Transport Acquires Pottle’s Transportation

Bison Transport has acquired Hermon, Maine-based truckload carrier Pottle’s Transportation, it was announced Oct. 12.

Connor D. Wolf | Staff Reporter
October 12, 2022