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

MTA Honors Autumn Transport’s Jerry Stephens as Driver of the Year

The Minnesota Trucking Association honored Jerry Stephens of Autumn Transport as Driver of the Year for 2021.

April 22, 2022
Government, Business, Logistics

STB Proposes Emergency Action to Keep Rail Freight Moving

The U.S. Surface Transportation Board proposed a rule change that aims to bring immediate relief for shippers facing poor rail service, asserting that the agency can take emergency action on its own to address delays.

Thomas Black | Bloomberg News
April 22, 2022
Business, Safety

Transportation Sector Rallies to Provide Help to Ukrainians

The transportation industry has stepped up to assist the people of Ukraine in the wake of Russia’s invasion of the country that triggered a refugee crisis.

Connor D. Wolf | Staff Reporter
April 22, 2022
Business, Safety

Louisiana Champ Courville Promotes Mental Toughness

With the road to the National Truck Driving Championships underway, a familiar face at the main tournament has already qualified.

Eugene Mulero | Senior Reporter
April 22, 2022
Business, Technology, Equipment

Cummins Files for Possible IPO of Filtration Business

Cummins Inc. announced its filtration business confidentially submitted a draft registration statement with the U.S. Securities and Exchange Commission for a proposed underwritten initial public offering in the United States.

Roger Gilroy | Senior Reporter
April 22, 2022
Business, Logistics

Montreal Port’s Pitch to Shippers: No Waiting

The head of Canada’s second-biggest port has a supply chain sales pitch few of his peers in the global shipping industry can match: zero wait time at sea for container traffic.

April 22, 2022
Business, Technology, Logistics, Top 100

XPO Marks Earth Day With Carbon Offsets Program

XPO Logistics Inc. introduced a carbon-offset shipping option for customers of its truck brokerage business in North America, the company announced April 22.

April 22, 2022
Business, Technology, Logistics, Autonomous

Convoy Adds Capital to Expand Technologies

Digital freight broker Convoy announced it raised $260 million in new funding and added a $150 million line of credit as it intends to accelerate the development of its efficiency-focused technologies.

April 22, 2022
Business, For-Hire

Penske Truck Leasing Expands in Washington State

Penske Truck Leasing announced it opened a new facility in Everett, Wash., that offers consumer and commercial truck rental, full-service truck leasing and contract truck fleet maintenance.

April 22, 2022
Government, Business, Logistics, TCA

Shipping Firm Proposes CSX Project at SeaPort Manatee

PALMETTO, Fla. — The owners of World Direct Shipping have announced a bold initiative to send imported manufactured goods from SeaPort Manatee to the Northeast via a proposed CSX rail connection.

James A. Jones Jr. | The Bradenton (Fla.) Herald
April 22, 2022