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, Logistics, Breaking News

Truck Tonnage Rises 3.8% in March

March truck tonnage rose 3.8% compared with year-ago levels, and also posted a first-quarter gain over the same period in 2021, American Trucking Associations reported.

Dan Ronan | Senior Reporter
April 19, 2022
Government, Business, Technology, Safety

Communication Is the Best Tool for Natural Disaster Preparation

From coast to coast, trucking companies are becoming more prepared than ever to overcome the devastation of natural disasters.

Marissa Gamache | Features Coordinator
April 19, 2022
Government, Business, Logistics

Rising Freight Rates Put Heavy Burden on Grain-Importing Nations

The war in Ukraine will put further pressure on grain-importing countries in Africa and Asia as a reduced number of vessels for delivering cargoes drives up shipping rates, according to the head of the International Chamber of Shipping.

Ann Koh | Bloomberg News
April 19, 2022
Business, Technology, Fuel, Logistics, Autonomous

Walmart Will Run Forklifts on ‘Green’ Hydrogen in Plug Power Deal

Plug Power Inc.’s bid to become a major supplier of carbon-free hydrogen just won the backing of one of the company’s oldest customers: Walmart Inc.

David R. Baker | Bloomberg News
April 19, 2022
Business, Logistics, For-Hire

J.B. Hunt Reports Jump in Revenue for Q1

J.B. Hunt Transport Services Inc. experienced a 33% increase in revenue year-over-year for the first quarter of 2022, the company reported April 18.

Connor D. Wolf | Staff Reporter
April 18, 2022
Business, Logistics, TCA

STB Approves Pan Am Railways Merger With CSX

Pan Am Railways, Maine’s largest rail operator, will merge with Jacksonville, Fla.-based CSX Transportation, the fourth-largest rail transportation company in the U.S.

Emily Burnham | Bangor Daily News, Maine
April 18, 2022
Business, Logistics, For-Hire

XPO to Open LTL Terminals in California, Georgia

XPO Logistics Inc. will expand its less-than-truckload network with the openings of two terminals, the company announced April 18.

April 18, 2022
Business, Logistics

After Removing 500 Containers, Ever Forward Moves Forward

BALTIMORE — A containership the length of more than three football fields has finally been pried from the muddy bottom of the Chesapeake Bay more than a month after it ran aground.

April 18, 2022
Government, Business

Biden to Require US-Made Steel, Iron for Infrastructure

WASHINGTON — The Biden administration is taking a key step toward ensuring that federal dollars will support U.S. manufacturing — issuing requirements for how projects funded by the $1 trillion bipartisan infrastructure package source their construction material.

Josh Boak | The Associated Press
April 18, 2022
Government, Business, Technology

Congress Seeks Compromise to Boost Computer Chip Industry

WASHINGTON — A global computer chip shortage has made it harder for consumers to get their hands on cars, computers and other modern-day necessities, so Congress is looking to boost chip manufacturing and research in the United States with billions of dollars from the federal government.

Kevin Freking | Associated Press
April 18, 2022