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.
House Passes Bill to Ease Veterans’ Path to Trucking Jobs
The bill would ease veterans’ ability to use GI Bill benefits to pursue commercial driving careers.
Judge Approves $600M Settlement for East Palestine Residents
A federal judge approved a $600 million class-action settlement that Norfolk Southern railroad offered to everyone who lived within 20 miles of last year’s derailment in East Palestine, Ohio.
House Committee Approves TSA Clearance Bill
A committee in the House of Representatives easily approved a bill meant to facilitate commercial drivers’ access to security credentials.
Navistar to Rebrand as International Motors
In a rebranding that reaches back to the company’s origins, Navistar Inc. will on Oct. 1 adopt the new name of International Motors.
Arbitration Favors US Steel Over Deal
A U.S. arbitration panel has come out in favor of U.S. Steel in a dispute with union workers over Nippon Steel’s plan to buy the Pittsburgh-based company, according to the United Steelworkers.
Biden Presses Big Railroads to Offer More Paid Sick Days
The Biden administration is pressuring three major rail companies to provide their workers with paid sick days, aiming to expand the benefit into an industrywide norm.
60 Seconds: Established Freight Brokers Adapt to Evolving AI Technology
As much news has been made about new “tech-first” players entering the digital space of #freight brokering, efforts from established and newer enterprises to develop robust digital tools are being shaped by market demands and technological innovations, including artificial intelligence, particularly generative AI, experts said.
September 25, 2024Hurricane Helene Gains Power as It Bears Down on Florida
Hurricane Helene is strengthening as it sweeps past Mexico’s Yucatan Peninsula on its way to a collision Sept. 26 with Florida, where it has already triggered evacuations.
Morgan Stanley Warns US Cars Are Too Expensive
Shares in General Motors and Ford tumbled Sept. 25 after a Morgan Stanley analyst warned that cars are too expensive for U.S. consumers and a price war in China will hurt the bottom line there.
Autonomous Company May Mobility Scales Back Expansion Plans
Autonomous vehicle company May Mobility Inc. is scaling back its expansion plans in Ann Arbor, Mich.