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, Safety

Senate Commerce Committee Introduces Maritime Administration Reauthorization

Legislation to update operations at the Maritime Administration was recently introduced by the leaders of the Senate Commerce Committee.

Eugene Mulero | Senior Reporter
June 14, 2022
Business, Technology, Equipment

VMRS Coding Evolves With the Digital Age

WASHINGTON — American Trucking Associations is seeing its standard maintenance coding system rapidly evolve to meet the needs of changing technologies.

Connor D. Wolf | Staff Reporter
June 14, 2022
Business

Caterpillar Leaves Illinois to Move to Texas

Caterpillar Inc., the producer of iconic yellow construction and mining equipment, is moving its headquarters to the Dallas-Fort Worth area, effectively ending its century-long history calling the state of Illinois home.

Joe Deaux | Bloomberg News
June 14, 2022
Government, Business, Equipment, Safety

May Classes 4-7 Retail Sales Drop Below 17,000

U.S. Classes 4-7 retail sales in May sank 16.3% compared with a year earlier to just below 17,000, Wards Intelligence reported.

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

Gig Work Vote in Massachusetts Blocked by Court

A Massachusetts ballot initiative bankrolled by Uber Technologies Inc., Lyft Inc., and DoorDash Inc. to cement their workers’ status as independent contractors will not move forward, the state’s Supreme Judicial Court ruled.

Erin Mulvaney | Bloomberg News
June 14, 2022
Business, Fuel

Ford Halts Sales of Mustang Mach-E Over Defect

Ford Motor Co. has told dealers to temporarily halt sales of the Mustang Mach-E over a potential safety defect, a setback for the carmaker as it tries to fortify its position as a leader in electric vehicles.

Keith Naughton | Bloomberg News
June 14, 2022
Business, For-Hire

FedEx Boosts Dividend, Shakes Up Board

FedEx Corp. boosted its dividend and announced board changes in coordination with activist investor D.E. Shaw & Co., shaking up the courier just two weeks into the tenure of new CEO Raj Subramaniam.

June 14, 2022
Government, Business

Attorneys Spar in Closing Statements of RhodeWorks Tolling Trial

After more than two weeks of testimony, a federal tolling trial ended June 13 with an attorney for American Trucking Associations asking a judge to find the state of Rhode Island’s trucks-only “RhodeWorks” tolling program unconstitutional.

Eric Miller | Senior Reporter
June 14, 2022
Government, Business, Logistics

West Coast Ports Strike Unlikely Even if No Deal Is Reached by July

Employers and the union representing more than 22,000 dockworkers at 30 U.S. ports on the West Coast are unlikely to reach a wage deal by the time the current contract expires next month, but neither side foresees disruptions that would hobble supply chains.

Augusta Saraiva | Bloomberg News
June 14, 2022
Business, Technology, Equipment, Fuel

Blink Charging Acquires SemaConnect to Boost EV Infrastructure

Electric vehicle charging business Blink Charging Co. has agreed to acquire SemaConnect Inc., an electric vehicle infrastructure company, for $200 million in cash and stock, according to a statement June 14, confirming a Bloomberg News report. 

Katie Roof | Bloomberg News
June 14, 2022