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, Fuel

Senate Committee Advances Fuel Markets Bill

Legislation designed to enhance market transparency and direct the Federal Trade Commission to prevent fraud or manipulation linked to inflating gasoline prices was approved by a Senate panel.

Eugene Mulero | Senior Reporter
May 26, 2022
Business, Technology, Safety

Carriers Look Beyond Pool of Available Drivers

Trucking companies are working to expand their driver recruitment reach by bolstering diversity and inclusion initiatives, experts said.

Connor D. Wolf | Staff Reporter
May 26, 2022
Government, Business, Fuel

Spiking Gas and Food Costs Weigh on Biden Biofuel Plans

Surging gasoline and food costs are weighing on the Biden administration as it prepares to set mandates for the use of renewable fuels.

May 26, 2022
Government, Business, Safety

Cargo Theft Trends Shift Amid Emboldened Criminals

A shift in goods being swiped by cargo thieves indicates that criminals targeting the trucking industry are returning to pre-pandemic activity.

Connor D. Wolf | Staff Reporter
May 26, 2022
Government, Business, Logistics

The Future of Warehouse Building Is Urban

LONG BEACH, Calif. — Accelerating e-commerce purchases and continuing supply chain disruptions are reshaping the warehouse and distribution industry, driving up costs and creating robust demand for storage facilities in urban areas and near ports.

Jerry Hirsch | Contributing Writer
May 26, 2022
Business, Logistics, For-Hire

IndiGo Founder Partners With UPS for Logistics Venture

The biggest shareholder of India’s largest airline, IndiGo, teamed up with UPS Inc. to tap the South Asian nation’s growing logistics market.

Ragini Saxena | Bloomberg News
May 26, 2022
Government, Business

Economy Shrank by 1.5% in Q1 but Consumers Kept Spending

WASHINGTON — The U.S. economy shrank in the first three months of the year even though consumers and businesses kept spending at a solid pace, the government reported May 26 in a slight downgrade of its previous estimate for the January-March quarter.

Paul Wiseman | Associated Press
May 26, 2022
Business, Technology

Broadcom to Buy VMware for $61 Billion

Computer chip and software maker Broadcom will spend about $61 billion to acquire the cloud technology company VMware, one of the biggest deals of the year despite rising inflation and economic uncertainty.

Michelle Chapman | Associated Press
May 26, 2022
Business, Technology, Autonomous, Private, TCA

Walmart Expands Drone Delivery in Six States

Walmart soon will expand its drone delivery program across six states: Florida, Arizona, Arkansas, Texas, Utah and Virginia. Drone hubs will be set up at 34 sites by the end of the year.

Bernadette Berdychowski | Tampa Bay Times
May 25, 2022
Business, Technology

Solera Sets Out to Build Unified Fleet Platform

NEW ORLEANS — In the span of a year, Solera Holdings quickly became one of the trucking industry’s largest technology suppliers through its acquisitions of Omnitracs, SmartDrive, eDriving and Spireon.

Seth Clevenger | Managing Editor, Features and Multimedia
May 25, 2022