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, Fuel

US Risks Missing Emissions Goals Due to Natural Gas Reliance

America’s struggle to curb its emissions from natural gas threatens to undermine the Biden administration’s goal of having 100% carbon-free power generation by 2035.

Tope Alake | Bloomberg News
September 25, 2024
Government, Business, Technology

Chinese EV Maker Nio Slams ‘Unreasonable’ US, EU Tariffs

Nio founder William Li hit out at the European Union and the U.S., saying their moves to level tariffs on electric cars are unreasonable and urged them to cooperate with China.

September 25, 2024
Government, Business, Safety

Ohio Town Still Under Evacuation Order

WHITEWATER TOWNSHIP, Ohio — An evacuation order remained in effect Sept. 25 for residents in an Ohio community as crews continued to work at the scene of a dangerous chemical leak.

September 25, 2024
Business, Technology, Equipment

McLeod Previews AI Capabilities Amid Freight Rate Challenges

The company introduced updates for LoadMaster, PowerBroker and its MPact suite of business intelligence tools, including its first proprietary AI product.

Seth Clevenger | Managing Editor, Features and Multimedia
September 25, 2024
Business, Logistics, Private, Global Freight

Online Holiday Spending Projected to Rise 8.4%

Steep discounts and easing inflation will compel U.S. shoppers to spend $240.8 billion online in November and December, up 8.4% from last year’s holidays and the biggest increase since 2021.

Spencer Soper | Bloomberg News
September 25, 2024
Business, Fuel

How Patriot Transport Tackles Fleet Downtime Amid Challenges

Chicago-based Patriot Transport set out to cut maintenance costs, extend oil drain intervals, and preserve equipment life—all while adhering to manufacturer warranties. This white paper provides timely insights into their approach, offering valuable lessons for fleet managers navigating the demands of the trucking industry.

September 24, 2024
Government, Business, Fuel

OPEC Doubles Down on Oil Growth Despite Climate Goals

OPEC doubled down on forecasts that global oil demand will keep growing to the middle of the century, an outlier view that scientists say would lead to climate catastrophe.

Grant Smith | Bloomberg News
September 24, 2024
Government, Business, Safety, Logistics

Vancouver Port Strike Disrupts Grain Shipments at Harvest

Grain workers at Canada’s largest port went on strike Sept. 24 over a dispute regarding hours and pay, creating what an industry association called a “devastating” situation for farmers.

Thomas Seal | Bloomberg News
September 24, 2024
Business, Equipment

Utility to Offer Accuride’s Trident Drum Brakes as Standard

Utility Trailer Manufacturing will offer Trident composite steel shell drum brakes from Accuride as standard on all its trailer models, the company said Sept. 17.

Keiron Greenhalgh | Staff Reporter
September 24, 2024
Business, Logistics, Breaking News, For-Hire

ATA: Trucking Tonnage Rises Again, Hints at Market Recovery

The ATA For-Hire Truck Tonnage Index rose 1.8% to 115.8 from the prior month, and 0.7% compared with August 2023.

Connor D. Wolf | Staff Reporter
September 24, 2024