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, Safety, Logistics

Feds Award Grants for Freight Waterways

To alleviate bottlenecks along the country’s major supply chains, the Maritime Administration recently awarded nearly $39 million in grants to a dozen marine highway projects.

Eugene Mulero | Senior Reporter
October 12, 2022
Business, Private

PepsiCo Lifts Outlook as Drink, Snack Sales Buck Inflation

PepsiCo Inc. said its playbook for battling inflation is still working, with price hikes fueling double-digit gains in sales despite lower volumes of snack purchases.

Brett Pulley | Bloomberg News
October 12, 2022
Government, Business, Technology, Logistics

US Chip Suppliers Pull Back From China’s Yangtze Memory

American suppliers are beginning to withdraw staff from one of China’s leading chip companies in the wake of new U.S. regulations, a blow to Communist Party efforts to build a vibrant domestic technology industry.

October 12, 2022
Government, Business, Logistics

US Producer Price Inflation Eases to Still-High 8.5%

WASHINGTON — Inflation at the wholesale level rose 8.5% in September from a year earlier, the third straight decline though costs remain at painfully high levels.

Christopher Rugaber | Associated Press
October 12, 2022
Government, Business, Safety, Logistics, TCA

South Carolina Seeks I-95 Bridge Replacement Funds

The South Carolina Department of Transportation has applied for a $161 million federal grant to replace the Interstate 95 bridges over Lake Marion.

Gene Zaleski | The Times and Democrats, Orangeburg, S.C.
October 11, 2022
Government, Business, Technology, Fuel

California Strengthens Alliances for Transportation Electrification

The governor of California is strengthening a clear energy partnership with two neighboring states and British Columbia.

Noël Fletcher | Staff Reporter
October 11, 2022
Government, Business, Safety, Fuel, Logistics, TCA

Temporary Repairs to Sanibel Causeway Allow Trucks to Reach Island

A slow march of utility trucks headed to Sanibel Island near Fort Myers, Fla., on Oct. 11 following temporary repairs to the Sanibel Causeway, which was broken in three locations during Hurricane Ian.

Romy Ellenbogen | Tampa Bay Times
October 11, 2022
Business, Technology, Fuel

Honda, LG to Build $3.5 Billion Battery Plant, Hire 2,200 in Ohio

COLUMBUS, Ohio — Honda says it will build a $3.5 billion joint-venture battery factory in rural southern Ohio and hire 2,200 people to staff it as the company starts to turn the state into its North American electric vehicle hub.

October 11, 2022
Business, Equipment, Logistics

First the Mississippi, Now the Ohio River Faces a Barge Crisis

The Mississippi River isn’t out of the woods as falling water levels along its major tributaries threaten to deepen a crisis on the U.S.’s main artery for moving vital products. And now the Ohio River is seeing closures at multiple locations due to groundings and dredging work.

October 11, 2022
Business, Technology, Logistics, For-Hire

XPO Board of Directors Approves RXO Spinoff

XPO Logistics Inc. received board approval to spin off its technology-based brokered operations into a stand-alone business, the company announced Oct. 10.

Connor D. Wolf | Staff Reporter
October 11, 2022