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

Senators Blast US Trade Chief on Failure to Consult Congress

A bipartisan group of the top senators on the committee that deals with trade blasted President Joe Biden’s chief negotiator for failure to adequately consult with lawmakers regarding the administration’s positions.

Eric Martin | Bloomberg News
May 10, 2022
Business, Technology, Fuel

Survey Cites Fleets’ Growing Acceptance of Alt Fuels, Sustainable Tech

LONG BEACH, Calif. — Overall use of clean fuels and advanced vehicle technologies is rapidly progressing, according to a recent survey of 250 public, private and municipal fleets. But industry experts added that many thorny issues remain.

Roger Gilroy | Senior Reporter
May 10, 2022
Government, Business, Technology, Safety

Legislators Optimistic About Ohio Bill to Provide Resources for CDL Training

Two Ohio legislators are optimistic their bill will pass in the General Assembly that would pay 50% of employer expenses to train truck drivers under a four-year tax credit capped at $25,000 per company.

Noël Fletcher | Staff Reporter
May 10, 2022
Government, Business, Fuel

Gas Prices Hit Record With Driving Season Looming

Retail gasoline and diesel prices rallied to a record just ahead of the nation’s summer driving season, a challenge for President Joe Biden and the Federal Reserve as they face the fastest inflation in decades.

May 10, 2022
Business, Technology, Fuel, Autonomous

DTNA Unveils Production-Ready eCascadia at ACT Expo

LONG BEACH, Calif. — Freightliner Trucks, a division of Daimler Truck North America, has unveiled its production-ready eCascadia Class 8 electric truck, built on the best-selling heavy-duty truck platform in North America.

Roger Gilroy | Senior Reporter
May 10, 2022
Business, Technology, Fuel

How Anglo American Developed the World’s Biggest Hydrogen-Fueled Truck

Four years ago, Anglo American Plc couldn’t find any industry partners to support its idea of replacing open-pit mining’s monster diesel trucks with climate-friendly, green hydrogen-fueled vehicles.

Antony Sguazzin | Bloomberg News
May 10, 2022
Business, Technology, Fuel, Logistics, Global Freight

HMM to Continue Deploying More Ships as Port Congestion Persists

HMM Co., the biggest container-shipping line in South Korea, will continue deploying more vessels than usual to try to meet demand from the country’s exporters struggling to transport goods overseas.

Kyunghee Park | Bloomberg News
May 10, 2022
Business, Logistics

XPO Reports Record $3.47 Billion in Revenue for Q1

XPO Logistics Inc. reported its highest revenue of any quarter in its history May 9 for the first quarter of 2022.

Connor D. Wolf | Staff Reporter
May 9, 2022
Business, Logistics

Critical Talks to Begin for West Coast Port and Warehouse Workers

Labor Secretary Marty Walsh, seaport officials on the West Coast, International Longshore and Warehouse Union negotiators and leaders with the Pacific Maritime Association are talking optimistically that a long-term contract with workers can be negotiated this summer.

Dan Ronan | Senior Reporter
May 9, 2022
Business

Odyssey Realigns Business Structure With Four New Divisions

Odyssey Logistics & Technology Corp. realigned its business structure by creating four new operating divisions, the company announced May 4.

May 9, 2022