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, Technology

Ford Offers Free EV Chargers in Bid to Boost Sales

Ford Motor Co. is offering free home chargers and installation to buyers of its electric vehicles in a bid to boost sales and overcome range anxiety among mainstream car shoppers.

Keith Naughton | Bloomberg News
September 30, 2024
Government, Business, Safety

Supplies Rushed to Communities Isolated by Helene

ASHEVILLE, N.C. — A crisis unfolded in western North Carolina as officials rushed to get more water, food and other supplies to flood-stricken areas without power and cell service Sept. 30. 

September 30, 2024
Business, Logistics, Global Freight

CVC’s Last-Attempt DB Schenker Bids Called ‘Inferior’

Deutsche Bahn said bids submitted by private equity fund CVC Capital Partners remain “inferior” to the winner’s offer, the latest twist in the $16 billion battle for its logistics unit.

Christian Wienberg | Bloomberg News
September 30, 2024
Government, Business, Logistics

Strike at Ports Could Affect Holiday Shopping

A lengthy ports shutdown could raise prices on goods around the country and potentially cause shortages and price increases at retailers as the holiday shopping season approaches.

September 30, 2024
Government, Business, Logistics, Global Freight

East and Gulf Coast Ports Prepare to Close

Key industry and government officials are urging U.S. dockworkers and their employers to avoid a strike at East and Gulf Coast ports, though many facilities are bracing for a shutdown.

September 30, 2024
Business

Sale of Remaining 112 Yellow Terminals to Start Oct. 1

The sale of the last of the freight terminals owned or leased by bankrupt less-than-truckload carrier Yellow Corp. is set to start Oct. 1, according to a court filing.

Keiron Greenhalgh | Staff Reporter
September 29, 2024
Government, Business, Logistics

Biden Administration in Talks to Prevent Dockworker Strike

Pete Buttigieg, Julie Su and Lael Brainard are reportedly urging the United States Maritime Alliance to get to the bargaining table.

September 27, 2024
Business, Logistics, For-Hire

Will a Rise in In-Store Shopping Aid Freight’s Recovery?

In-store shopping was already on the rise as the retail sector reset after the turmoil of the COVID-19 pandemic, and the upcoming holiday season is likely to expedite the trend.

Keiron Greenhalgh | Staff Reporter
September 27, 2024
Government, Business, Logistics

Montreal Port Workers Set to Strike Over Wage Dispute

The union, which represents 1,200 dockworkers, gave 72-hour strike notice on Sept. 27 to the Maritime Employers Association.

Mathieu Dion | Bloomberg News
September 27, 2024
Business, Equipment

Toyota Production Falls on Car Safety Scandals, US Recalls

Toyota Motor Corp.’s sales fell again after declines in Japan and China put an end to a short-lived recovery, while production was disrupted by domestic scandals and recalls abroad.

Nicholas Takahashi | Bloomberg News
September 27, 2024