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, Fuel

Sky-High Diesel Prices Squeeze Truckers, Farmers, Consumers

NEW YORK — When longhaul trucker Deb LaBree sets out on the road to deliver pharmaceuticals, she has strategies to hold down costs. She avoids the West Coast and the Northeast, where diesel prices are highest. She organizes her delivery route to minimize “deadheading” — driving an empty truck in between deliveries.

Cathy Bussewitz | Associated Press
July 20, 2022
Business, Logistics, For-Hire

J.B. Hunt Reports Q2 Revenue Jump to $3.84 Billion

J.B. Hunt Transport Services Inc. on July 19 posted earnings and revenue growth for the second quarter that was driven by strong segment results.

Connor D. Wolf | Staff Reporter
July 20, 2022
Business, Fuel

Deal for $5.5B Hyundai EV Plant in Georgia Nears Final Approval

SAVANNAH, Ga. — The local economic development agency that worked with Georgia officials in recruiting Hyundai Motor Group to build a $5.5 billion electric car plant near Savannah approved its portions of the deal July 19, though details of tax breaks and other incentives have yet to be disclosed.

Jeff Amy and Ross Bynum | Associated Press
July 19, 2022
Government, Business, Safety

New York’s Infrastructure Earns 'C' Grade on ASCE Report Card

New York received an overall “C” grade for the condition of its infrastructure in the latest report card from the American Society of Civil Engineers.

Noël Fletcher | Staff Reporter
July 19, 2022
Government, Business

Most Cities Prioritizing Roads, Bridges With Infrastructure Aid

Most U.S. cities will pour their share of the federal infrastructure spending package into fixing crumbling roads and bridges, prioritizing motor vehicle infrastructure over other projects like public transit, airports and railways.

Mackenzie Hawkins | Bloomberg News
July 19, 2022
Government, Business, TCA

Truckers Decry AB 5 Labor Law at Oakland Port

Over 100 truck drivers showed up at the Port of Oakland in California on July 18, not to move cargo but to protest a state labor law they say could end their independence — and their livelihood.

Eliyahu Kamisher | Bay Area News Group
July 19, 2022
Government, Business, Technology, Equipment, Fuel

Hawaii Boosts Hydrogen Fueling Stations, Enacts Other Clean Energy Laws

Providing incentives for trucks to use hydrogen is one of four new laws that took effect in July to counter climate change and boost clean energy in Hawaii.

Noël Fletcher | Staff Reporter
July 19, 2022
Government, Business, Technology, Equipment, Fuel

DOE Eyes Mines as Future Clean Energy Sites

Current or abandoned mines are being considered by the U.S. Department of Energy for experimental clean energy sites below the earth’s surface in a new $500 million grant program.

Noël Fletcher | Staff Reporter
July 19, 2022
Business, Technology, Fuel, Autonomous

Twitter-Musk Takeover Dispute Heading for an October Trial

Tesla CEO Elon Musk lost his fight to delay Twitter’s lawsuit against him as a Delaware judge on July 19 set an October trial, citing the “cloud of uncertainty” over the social media company after the billionaire backed out of a deal to buy it.

Matt O’Brien | The Associated Press
July 19, 2022
Business, Fuel

With Blazer EV, GM Now Has a Rival to Tesla’s Model Y

General Motors Co. will start selling a battery-powered Chevrolet Blazer next year, giving it a direct competitor to Tesla Inc.’s Model Y, the nation’s best-selling electric SUV.

David Welch | Bloomberg News
July 19, 2022