Business
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.
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.
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.
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.
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.
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.
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.
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.
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.
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.
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.