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

Retail Sales Top Forecast in Boost From High Inflation

Retail sales were stronger than expected in June, but after several economists adjusted the data for inflation, they still point to a leveling off in spending.

Olivia Rockeman | Bloomberg News
July 15, 2022
Business, Logistics, Top 100

KLLM Transport Services Acquires Quest Global

Temperature-controlled truckload carrier KLLM Transport Services has acquired refrigerated transporter Quest Global Inc., the companies announced July 14.

July 15, 2022
Government, Business, Technology, Fuel, TCA

Panasonic Plans Major EV Battery Plant in Kansas

Panasonic has announced plans for a massive electric vehicle battery manufacturing facility in De Soto, Kan.

Skip Descant | Government Technology
July 15, 2022
Government, Business

Factory Output Declines for a Second Month on Consumer Goods

Production at U.S. factories declined in June for a second month, restrained by higher inventories and a softer economic outlook.

Vince Golle | Bloomberg News
July 15, 2022
Business, Technology, Equipment

Toyota’s Crown Car to Debut in US

TOKYO — Toyota’s flagship model in Japan, the Crown, is going on sale around the world for the first time, including in the U.S.

Yuri Kageyama | Associated Press
July 15, 2022
Government, Business, Fuel, TCA

Georgia, JLL Partner on EV Charging Infrastructure Bid

The Georgia Department of Transportation will partner with real estate giant JLL on a plan to expand electric vehicle charging stations across the state and obtain federal funding to help do it.

Spencer Donovan | The Atlanta Journal-Constitution
July 14, 2022
Business, Equipment

Jennifer Rumsey to Succeed Tom Linebarger as Cummins CEO

Cummins Inc. announced Jennifer Rumsey will become CEO and president effective Aug. 1. Rumsey will become the first woman to hold the post at the world’s largest independent engine maker and only the seventh CEO in the company’s 103-year history.

Roger Gilroy | Senior Reporter
July 14, 2022
Government, Business

Freight Transportation Stakeholders Raise Inflation Concerns

Citing inflation and supply chain bottlenecks, transportation stakeholders called on congressional policymakers to help remedy current economic conditions.

Eugene Mulero | Senior Reporter
July 14, 2022
Government, Business, Logistics

FourKites Reports Chinese Ports Recovery, but Elevated US Transit Times

While Chinese ports are close to recovering, transit times to the United States have remained elevated, according to supply chain visibility company FourKites.

Connor D. Wolf | Staff Reporter
July 14, 2022
Business, Logistics, TCA

Railroad Workers Being ‘Ground to Dust,’ AFL-CIO Head Says

Efforts by national freight rail carriers to increase efficiency are having the opposite effect, a union official said July 12. Demoralized workers are leaving the industry, causing delays and damage to the national supply chain, said Greg Regan, president of the Transportation Trades Department of the AFL-CIO.

Harrison Mantas | Fort Worth Star-Telegram
July 14, 2022