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, Technology, Safety

Cybersecurity Firm Irdeto Turns Focus to Trucking

The growing need for cyber defenses in trucking has attracted the attention of Netherlands-based cybersecurity firm Irdeto.

Dan Calabrese | Special to Transport Topics
October 4, 2024
Business, Logistics

STG Logistics Cuts Debt Deal That Upends Creditor Ranks

Oaktree Capital Management-backed STG Logistics reached a deal with a group of lenders that overhauls its debt stack and allows them to jump ahead of peers in the repayment priority line.

October 4, 2024
Government, Business, Fuel, Logistics, Global Freight

Maersk Expects IMO to Approve Global CO2 Levy in 2025

Shipping giant A.P. Moller-Maersk A/S expects the industry’s global regulator next year to approve a charge on vessels’ greenhouse gas emissions.

Jack Wittels | Bloomberg News
October 4, 2024
Business, Technology

Fleet Advantage Program Aligns EV, Diesel Pricing

HANOVER, Germany — Fleet Advantage’s EV Path aims to create more digestible investment terms for fleets and bridge the financial gap between traditional diesel fuel vehicles and EVs.

Mindy Long | Special to Transport Topics
October 4, 2024
Government, Business, Technology, Autonomous, TCA

Waymo, Hyundai Announce Partnership on Robotaxis

Hyundai Motor Group and self-driving car company Waymo announced a new partnership to incorporate Georgia-made electric vehicles into the next generation of robotaxis.

Zachary Hansen | The Atlanta Journal-Constitution
October 4, 2024
Government, Business, Technology

EU Countries Vote to Impose Duties on China EVs

BRUSSELS — EU countries voted to impose duties on imports of electric vehicles from China, as talks continued between Brussels and Beijing to find an amicable solution to their trade dispute.

Lorne Cook | Associated Press
October 4, 2024
Business, Technology, Safety

N.C. Quartz Mine Owner Says Helene Damage Was Minimal

The owner of a North Carolina quartz mine that’s a key source for high-purity quartz used in global semiconductor manufacturing said its operations sustained only minor damage.

Christina Kyriasoglou | Bloomberg News
October 4, 2024
Business, Logistics, Global Freight

Global Shipping Stocks Sink After Dockworkers Pause Strike

Shipping stocks slumped worldwide after a strike by U.S. dockworkers was suspended after only three days, spurring predictions of a decline in the price of transporting goods by sea.

October 4, 2024
Business, Safety, Logistics

Cargo Theft Experts Warn of Peak Season Fraud

The trucking industry expects an uptick in cargo theft activity, related to peak shipping season, on top of already elevated conditions, experts warned.

Connor D. Wolf | Staff Reporter
October 4, 2024
Government, Business

US Adds a Robust 254,000 Jobs in September

WASHINGTON — America’s employers added a surprisingly strong 254,000 jobs in September, the latest evidence that the U.S. labor market is still solid enough to support a growing economy.

Paul Wiseman | Associated Press
October 4, 2024