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, Technology, Fuel, Autonomous

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.

Danielle Bochove | Bloomberg News
March 18, 2022
Business, Logistics, Top 100

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.

Dan Ronan | Senior Reporter
March 18, 2022
Business, Logistics

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, 2022
Business, Logistics, TCA

Oakland 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.

Sarah Ravani | San Francisco Chronicle
March 17, 2022
Government, Business

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.

Eugene Mulero | Senior Reporter
March 17, 2022
Business, Safety

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, 2022
Business, Logistics, TCA

Ship 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.

Dan Belson | The Capital, Annapolis, Md.
March 17, 2022
Government, Business, Safety

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.

Noël Fletcher | Staff Reporter
March 17, 2022
Business, Technology, Autonomous

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.

Malathi Nayak | Bloomberg News
March 17, 2022
Government, Business, Safety, Logistics, Top 100

Carriers Suspend Operations in Russia, Ukraine

Transportation companies have been suspending operations in Russia and Ukraine amid the ongoing war between the countries.

Connor D. Wolf | Staff Reporter
March 17, 2022