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 Committee Approves Moving Protection Bill
Legislation that aims to increase protections for people moving personal property was recently approved by a committee in the U.S. House of Representatives.
Evo Builds Out Truckload Operations With West Side Purchase
Phoenix-based Evo aims to build a diversified, national truckload carrier and brokerage through the acquisition of Cedar Rapids, Iowa-based West Side.
Maryland Sues Owner of Ship That Caused Key Bridge Collapse
BALTIMORE — The state of Maryland has added to the legal troubles facing the owner and operator of the containership Dali, which caused the deadly collapse of the Francis Scott Key Bridge.
US, Canada to Negotiate Boundary to Oil-Rich Arctic Seabed
The U.S. and Canada have agreed to begin negotiations over claims to an Arctic seabed that may be rich in oil and is of growing strategic importance as Russia and China ramp up their presence.
Ammonia-Powered Tugboat Shows How to Cut Shipping Emissions
KINGSTON, N.Y. — A tugboat powered by ammonia eased away from the shipyard dock and sailed for the first time to show how the maritime industry can slash carbon dioxide emissions.
Maersk Adds Port Disruption Surcharge as Strike Looms
AP Moller-Maersk added a local port disruption surcharge for all cargo moving to and from the East Coast and Gulf Coast terminals, to cover higher costs from “potential labor disruptions.”
Diesel Prices Inch Up Across US After 10-Week Decline
Despite this minor uptick, diesel remains significantly cheaper than a year ago.
September 23, 2024ATA Calls on Congress to Streamline Transport Credentials
The Transportation Security Screening Modernization Act seeks to simplify the credentialing process for essential transportation workers.
September 23, 2024J.B. Hunt First to Test RNG-Fueled Peterbilt 579-X15N
Multiple motor carriers have lined up to participate in a test of a single Peterbilt tractor powered by a Cummins engine fueled by renewable natural gas.
What's That? Intermodal vs Multimodal
Both intermodal and multimodal relate to using different modes of transport for a shipment, but there are some key differences between each of them.
September 23, 2024