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.
Ex-TuSimple CEO Hou Re-Enters Autonomous Trucking Fray
His new venture — Bot Auto — will operate its own autonomous truck fleet and offer Transportation-as-a-Service to freight customers.
Helene Lashes the South With Wind and Sheets of Rain
CRAWFORDVILLE, Fla. — Hurricane Helene roared ashore as a powerful Category 4 storm in Florida, trapping residents in rising floodwaters and knocking out power to millions of customers.
September 27, 2024Fed’s Favored Inflation Gauge Shows Cooling Price Pressures
WASHINGTON — The Federal Reserve’s preferred inflation measure on Sept. 27 provided the latest sign that price pressures are easing, a trend that is expected to fuel more interest rate cuts.
Lithium Battery Fire Halts Work at L.A., Long Beach Ports
Several terminals at the ports of Los Angeles and Long Beach are closed Sept. 27 after a big rig overturned on a vital roadway and the lithium batteries it was carrying caught fire.
Cargo Carriers Fear Port Strike Will Paralyze Half of Trade
The world’s top container carrier is urging customers to move U.S. cargo through East and Gulf Coast ports before the planned start on Oct. 1 of a dockworkers strike.
Truckstop Rolls Out Automated Risk System for Brokers
Truckstop has introduced a risk assessment system that offers freight brokers automated tools to help address the growing challenge of sophisticated fraud.
September 26, 2024Baltimore Longshoremen Sue Over Bridge Collapse Fallout
BALTIMORE — A group of Baltimore longshoremen has sued the owner and manager of the Dali, the containership that caused the Francis Scott Key Bridge collapse.
TIA Appoints Christopher Burroughs as New CEO
The TIA board of directors announced the move on Sept. 26, the same day Reinke was named as the next president and CEO of the Intermodal Association of North America.
Dockworkers Strike Would Have Supply Chain Ripple Effect
Logistics experts say a threatened strike by U.S. dockworkers could stymie shipping activity that stretches far beyond the East and Gulf Coast ports where work stoppages would occur.
Increased Connectivity Is Driving Innovation and Automation
HANOVER, Germany — New vehicle architectures and connectivity are enabling data sharing, value-added services and new solutions for fleets and equipment manufacturers.