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

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.

Eugene Mulero | Senior Reporter
September 26, 2024
Government, Business, Safety

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.

Josh Funk | Associated Press
September 26, 2024
Government, Business

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.

Eugene Mulero | Senior Reporter
September 26, 2024
Business, Equipment

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.

Keiron Greenhalgh | Staff Reporter
September 25, 2024
Government, Business

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.

James Attwood | Bloomberg News
September 25, 2024
Government, Business, Safety, Logistics

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.

September 25, 2024
Business, Technology, Logistics

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, 2024
Government, Business, Safety

Hurricane 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.

Brian K. Sullivan | Bloomberg News
September 25, 2024
Business, Equipment

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.

David Welch | Bloomberg News
September 25, 2024
Government, Business, Technology, Autonomous, TCA

Autonomous Company May Mobility Scales Back Expansion Plans

Autonomous vehicle company May Mobility Inc. is scaling back its expansion plans in Ann Arbor, Mich.

Candice Williams | The Detroit News
September 25, 2024