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.
Daimler Truck Reports Initial Quarterly Earnings as Independent Company
Daimler Truck Group, reporting for the first time as an independent company, saw fourth-quarter net income plunge and revenue tick up compared with the same 2020 period.
Stellantis Announces Hurricane ICE Line
In a nod to the uncertain road ahead for electric vehicle adoption, Stellantis announced an all-new internal-combustion engine line March 25, even as the automaker targets 50% EV sales in the U.S. by 2030.
Warren Says Ocean Freight Alliances Add to Inflation
Sen. Elizabeth Warren (D-Mass.) blamed rising U.S. inflation in part on the largest ocean shipping companies, calling “the anti-competitive nature” of the industry the root cause of soaring prices to transport goods around the global economy.
Rand McNally Debuts Truck Navigation Tablet
Rand McNally unveiled an in-cab tablet March 24 with navigation and features for professional truck drivers.
March 24, 2022Truckstop Introduces Load Booking Mobile App
Freight management company Truckstop.com announced March 24 that it will launch a mobile app to connect carriers with loads.
March 24, 2022Economic Changes Drive a New Trucking Environment, Panelists Say
The trucking industry is starting to normalize as the coronavirus pandemic loses its grasp on the economy, a panel of experts said March 23.
Four States Sign Pact to Develop Hydrogen Hub
New York, New Jersey, Massachusetts and Connecticut agreed to work with about 40 clean power companies, utilities and universities to create plans for a regional hydrogen hub as part of a push to curb greenhouse gas emissions.
White House to Seek Infrastructure, Freight Boost in FY23 Budget
WASHINGTON — The Biden White House intends to seek a boost in funding for infrastructure programs and freight-related grants in its upcoming budget request to Congress.
Granting Relief: How Ports Are Managing the Movement of Goods
Executive Director of the Port of Long Beach, Mario Cordero, joins TT's Dan Ronan to discuss his current outlook on port operations, the fate of the proposed container dwell time fee, and what the planned $450 million in grants from USDOT means for U.S. ports.
March 24, 2022Safety ‘Areas of Concern’ Remain Consistent, FMCSA Says
Many of the safety trend concerns discussed during the Federal Motor Carrier Safety Administration’s 21st Annual Analysis, Research and Technology Forum on March 23 echoed those identified at the 2021 forum.