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, Technology, Equipment

Factory Output Increases for First Time in Three Months

Production at U.S. factories increased in July for the first time in three months, propelled by a pickup in motor vehicle output that masked more mixed results in other categories.

Vince Golle | Bloomberg News
August 16, 2022
Business

Home Depot Posts Record Profit, Revenue

Home Depot is seeing sustained demand for goods related to home improvement projects despite soaring prices and mortgage rates for homes.

Michelle Chapman | Associated Press
August 16, 2022
Business, Private

Walmart Tops Q2 Expectations as Americans Continue Spending

NEW YORK — Walmart reported better-than-expected second-quarter results as more Americans looked to cut costs on groceries at the nation’s largest retailer in the face of surging inflation.

Anne D’Innocenzio | Associated Press
August 16, 2022
Business, Safety

NTDC, Inspectors Tournaments Kick Off in Indy

More than 400 women and men representing carriers such as UPS Inc., FedEx Corp. and Walmart Inc., will test their skills in a trucking tournament referred to as the “Super Bowl of Safety" beginning Tuesday in Indianapolis at the National Truck Driving & Step Van Driving Championships.

Eugene Mulero | Senior Reporter
August 15, 2022
Business, Technology, Safety

For Virginia’s Mark Brundage, NTDC Brings Industry Together

At the start of the year, Mark Brundage was tied up with plenty of work obligations and family commitments. But a last-minute opening in his schedule in May made it possible for Brundage to take a shot at Virginia’s trucking competition.

Eugene Mulero | Senior Reporter
August 15, 2022
Government, Business, Logistics

L.A. Warehousing Mecca Halts Expansion Just as Needs Soar

Communities in the Inland Empire, the logistics mecca east of Los Angeles, are suspending new warehousing projects to examine the impact from decades of pollution, putting the industry under pressure when it’s needed most.

August 15, 2022
Government, Business, Logistics, TCA

Port of Mobile Sets Record for Container Shipping in July

The Alabama Port Authority set a new benchmark in July, moving more cargo containers than ever before, and port officials say that Mobile’s performance in an era of supply chain turmoil is being noticed.

Lawrence Specker | Alabama Media Group
August 15, 2022
Government, Business, Logistics, TCA

Los Angeles, Long Beach Ports Hail Supply Chain Progress

In January, a record 109 ships awaited entry into the combined ports of Los Angeles and Long Beach, often stretching to south Orange County. On Aug. 11, that number stood at nine ships.

Donna Littlejohn | Los Angeles Daily News
August 15, 2022
Government, Business, Safety

Fleets Can Reduce the Risk of a Nuclear Verdict

Nuclear verdicts can be detrimental to motor carriers and their insurance rates, but carriers can mitigate risk by utilizing technology, documenting and sharing safety efforts, and taking advantage of the first 24 hours if a claim occurs.

Mindy Long | Special to Transport Topics
August 15, 2022
Government, Business, Fuel

Average Gasoline Price Falls 45 Cents to $4.10 per Gallon

CAMARILLO, Calif. — The average U.S. price of regular-grade gasoline plummeted 45 cents over the past three weeks to $4.10 per gallon.

August 15, 2022