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.
Stellantis, LG Energy Pick Ontario for Battery Plant
Stellantis NV and LG Energy Solution will build their new battery plant in Ontario, according to a person familiar with the matter, with an official announcement likely March 23.
FedEx Reports Record Q3 Revenue on Holiday Surge
Fueled by a strong holiday shopping season by both its business and consumer customers, FedEx Corp. reported higher fiscal third-quarter earnings.
Canadian Pacific Set to Shut Down if Labor Talks Fail
Canadian Pacific Railway Ltd. has issued a 72-hour notice to the Teamsters Canada Rail Conference of plans to lock out employees early March 20 if the union’s leadership and the company fail to negotiate a settlement or agree to binding arbitration.
March 17, 2022Oakland A’s Howard Terminal Ballpark Hopes Dim
The Oakland A’s plans to build a waterfront ballpark and development at the Port of Oakland hit a setback March 16 after some members of a state committee said they were concerned that the port would give up valuable space used for freight and truck parking.
House Lawmakers Pitch Water Infrastructure Projects
Congressional policymakers promoted efforts to boost funding for ports and commercial corridors as a transportation panel pursues an update of the Water Resources Development Act.
Improve Inspector Relationships. Improve Truck Inspection Results.
Program Aired: March 17, 2022. Roadside inspections are a necessary part of trucking. Sooner or later every truck is pulled in for an inspection.
March 17, 2022Ship Could Be Stuck in Chesapeake Bay for Weeks
Officials say it could take days or weeks to free a containership stranded near Gibson Island in the Chesapeake Bay since the evening of March 13.
Wyoming Officials Put Alternative to I-80 on Funding Wish List
Despite a possible $6 billion cost, Wyoming transportation officials hope the federal government will fund an alternative route to a hazardous 100-mile stretch of the Interstate 80 mountain corridor where hurricane-force winds and snow cause accidents, heavy truck blow-overs and supply chain disruptions.
Musk Spared From Testifying in Tesla Autopilot Crash Suit
Elon Musk won’t have to testify in the first case set for trial that blames Tesla Inc.’s Autopilot for a fatal crash, a Florida judge said.
Carriers Suspend Operations in Russia, Ukraine
Transportation companies have been suspending operations in Russia and Ukraine amid the ongoing war between the countries.