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

Mitch Landrieu Defends Repair Over Building New Roads

President Joe Biden’s point man carrying out the roughly $1 trillion infrastructure law defended the administration’s emphasis on fixing before taking on new expansion as congressional Republicans criticized the policy.

Lillianna Byington | Bloomberg News
June 16, 2022
Government, Business, Technology, Equipment, Safety, Autonomous

Tesla Increases Prices Up to $6,000 Across Lineup

Tesla Inc. has increased prices across its lineup by as much as $6,000, Electrek reported, as global automakers grapple with surging costs for raw materials, particularly battery components.

Peter Vercoe | Bloomberg News
June 16, 2022
Business, Technology, Equipment, Safety

Samsara Expands Connected Fleet Technology to Improve Driver Productivity, Boost Safety

SAN FRANCISCO — Fleet technology supplier Samsara is rolling out product updates designed to streamline drivers’ daily routines, mitigate unsafe driving and improve fleet management, marking the latest steps in the company’s mission to make transportation operations more connected.

Seth Clevenger | Managing Editor, Features and Multimedia
June 16, 2022
Business, Technology

Infographic: Ryder’s Foundation for a Successful Freight Brokerage

Globally, supply chains are facing unprecedented levels of disruption. As a result, shippers and carriers are challenged more than ever to keep goods moving while remaining profitable. While most brokerages point to technology as the key to achieving success, today’s setbacks have proven that technology alone isn’t enough.

June 16, 2022
Government, Business, Logistics

Ohio, Kentucky Apply for Federal Grant for New Interstate Bridge

Kentucky and Ohio officials are pushing forward to build a companion to the Brent Spence Bridge after both governors recently applied for a $1.66 billion federal mega infrastructure grant to improve the notorious bottlenecked 8-mile freight corridor.

Noël Fletcher | Staff Reporter
June 15, 2022
Government, Business, Equipment, Fuel, Logistics

FAA Says Future Planes Will Need to Reduce Carbon Emissions

WASHINGTON — The Biden administration proposed June 15 that future planes produce lower levels of greenhouse gas emissions before they can be certified by federal regulators.

June 15, 2022
Government, Business

Fed Hikes Rates 75 Basis Points, Intensifying Inflation Fight

The Federal Reserve raised interest rates by 75 basis points — the biggest increase since 1994 — and Chair Jerome Powell signaled another big move next month, intensifying a fight to contain rampant inflation.

Craig Torres | Bloomberg News
June 15, 2022
Government, Business, Technology, Equipment, Safety

ATA's Chris Spear Touts Issues-First Approach to Infrastructure Bill

NASHVILLE, Tenn. — American Trucking Associations President Chris Spear praised the bipartisan work that carried a federal infrastructure package across the finish line, and stressed that his group will always put issues ahead of politics

Connor D. Wolf | Staff Reporter
June 15, 2022
Government, Business, Safety, Logistics

House Transportation Leaders Press Freight Rail Safety

The top Democrats on the House transportation panel highlighted workplace safety concerns across freight rail operations shortly after the Biden administration awarded the industry grants to alleviate supply chain woes.

Eugene Mulero | Senior Reporter
June 15, 2022
Government, Business, Fuel

Biden Tells US Oil Refiners Record Profits ‘Not Acceptable’

President Joe Biden told U.S. oil refiners that unprecedented profit margins are unacceptable and called for “immediate action” to improve capacity as the soaring price of gasoline feeds record inflation and fears of a recession.

June 15, 2022