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, Equipment, Private

Walmart to Add Four E-Commerce Warehouses to Speed Deliveries

Walmart Inc. announced plans to build what it said would be a “high-tech” fulfillment center in Joliet, Ill., which is 45 miles southwest of Chicago.

June 3, 2022
Business, Technology, Autonomous

ATA Leader Chris Spear Doesn’t See Automation as Threat to Drivers

NASHVILLE, Tenn. — American Trucking Associations President Chris Spear said he doesn’t view the ongoing advancement of autonomous trucking as a threat to drivers, since economic factors will ensure demand for drivers for years to come.

Connor D. Wolf | Staff Reporter
June 3, 2022
Government, Business

US Added 390,000 Jobs in May as Hiring Remained Robust

WASHINGTON — U.S. employers added a healthy 390,000 jobs in May, extending a streak of solid hiring that has bolstered an economy under pressure from high inflation and interest rates.

Christopher Rugaber | Associated Press
June 3, 2022
Business, Logistics

CSX Turns Away Freight as Railroad Struggles to Fill Jobs

CSX Corp. is turning away freight from customers, ceding cargo business to truckers, as the railroad struggles to hire workers, CEO Jim Foote said.

Thomas Black | Bloomberg News
June 2, 2022
Business, Technology, Equipment, Safety, Autonomous

Futurist Outlines What Could Be Ahead for Driver Recruiting

NASHVILLE, Tenn. — Futurist Nikolas Badminton explored June 2 how the trucking industry could change in the years ahead and what that means when it comes to driver recruitment.

Connor D. Wolf | Staff Reporter
June 2, 2022
Government, Business

Congress Keeps Supply Chain, FY23 Bills on Summer Agenda

Enhancing connectivity along freight supply chains and considering fiscal 2023 funding legislation will dominate transportation policy debates when Congress returns June 6 after its Memorial Day recess.

Eugene Mulero | Senior Reporter
June 2, 2022
Government, Business, Safety

Buttigieg Kicks Off I-15 Project at Las Vegas Strip

Transportation Secretary Pete Buttigieg kicked off a construction project in Nevada that will upgrade an aging Interstate 15 interchange to improve travel for truckers and all drivers accessing the Las Vegas Strip.

Noël Fletcher | Staff Reporter
June 2, 2022
Business, Technology, Equipment, Fuel

Ford Plans to Add 6,200 Jobs in Ohio, Michigan, Missouri

DETROIT — Ford will add 6,200 factory jobs in Michigan, Missouri and Ohio as it prepares to build more electric vehicles and roll out two redesigned combustion-engine models.

Tom Krisher | Associated Press
June 2, 2022
Government, Business, Logistics

World Events Redistribute Supply Chains

Trade disruptions from China’s lockdowns and the war in Ukraine are seen doing for Southeast Asia what the U.S.’s spat with Beijing couldn’t meaningfully do — redistribute supply chains.

Xiao Zibang | Bloomberg News
June 2, 2022
Business, Technology, Equipment

Paccar Predicts Truck Market Stronger for Longer

Truck maker Paccar Inc. sees the traditional peak-to-peak cycle in the U.S. truck market smoothing amid the industry’s already strong orders backlog that has fleets still waiting to gain slots for 2023 to replace aging trucks that they have to run longer than usual.

Roger Gilroy | Senior Reporter
June 2, 2022