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, Autonomous

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.

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

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, 2024
Government, Business

Fed’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.

Christopher Rugaber | Associated Press
September 27, 2024
Business, Safety, Logistics

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.

Laura Curtis | Bloomberg News
September 27, 2024
Government, Business, Logistics, Global Freight

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.

Brendan Murray | Bloomberg News
September 27, 2024
Business, Technology, Safety

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, 2024
Government, Business, Safety

Baltimore 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.

Lea Skene | Associated Press
September 26, 2024
Government, Business, Logistics

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.

Connor D. Wolf | Staff Reporter
September 26, 2024
Government, Business, Logistics

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.

Connor D. Wolf | Staff Reporter
September 26, 2024
Business, Technology, Equipment, Fuel

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.

Mindy Long | Special to Transport Topics
September 26, 2024