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 Dems Tout Infrastructure Benefits Amid Senate GOP Concerns

WASHINGTON — The chairman of a panel overseeing small business policy highlighted potential benefits a $1 trillion infrastructure law would have on freight connectivity across the country.

Eugene Mulero | Senior Reporter
February 16, 2022
Government, Business, Technology, Equipment, Logistics, TCA

San Francisco Lawmaker Pushes to Delay Amazon’s Expansion

A San Francisco supervisor has introduced legislation that would seek to place an 18-month moratorium on all new parcel delivery services in the city, including Amazon’s proposed 725,000-square foot, last-mile logistics center in Showplace Square.

J.K. Dineen | San Francisco Chronicle
February 16, 2022
Business, Technology, Equipment, Fuel

OPEC+ Must Fix Its Million-Barrel Supply Gap, IEA Says

The International Energy Agency urged OPEC and its allies to address a widening shortfall in their oil production as a volatile market sends crude prices rocketing toward $100 a barrel.

February 16, 2022
Government, Business, Safety

January Retail Sales Surged 3.8% as Threat of Omicron Faded

NEW YORK — Americans picked up the pace of spending in January as the threat of omicron faded and there was some easing of supply shortages.

Anne D’Innocenzio | Associated Press
February 16, 2022
Business, Technology, Equipment, Logistics, Autonomous, Top 50

Waymo to Haul Freight for C.H. Robinson in Texas Tests

Logistics giant C.H. Robinson is collaborating with Waymo to introduce autonomous trucks into its freight network, starting with multiple pilots in Texas.

Seth Clevenger | Managing Editor, Features and Multimedia
February 16, 2022
Business, Logistics, Top 50, Top 100

GXO Reports $2.3 Billion in Revenue for Q4

GXO Logistics saw revenue grow 19% to $2.3 billion during the fourth quarter of 2021, the company reported Feb. 15.

Connor D. Wolf | Staff Reporter
February 15, 2022
Government, Business, Technology, Equipment, Safety, Autonomous

US OKs New Headlights That Won’t Blind Oncoming Drivers

The National Highway Traffic Safety Administration is about to allow new high-tech headlights that can automatically tailor beams so they focus on dark areas of the road and don’t create glare for oncoming drivers.

Tom Krisher | Associated Press
February 15, 2022
Business, Equipment, Safety, Fuel

GM to Resume Bolt Production as Fix Found for Battery Fires

General Motors Co. will resume production of the Chevrolet Bolt and larger Bolt EUV electric vehicles in April after the automaker and its battery partner, an LG Group company, found a solution to its manufacturing gaffes.

David Welch | Bloomberg News
February 15, 2022
Business, Technology, Equipment, Safety

Cummins to Build Engines for Low-Carbon Fuels

Cummins Inc. announced it will build a new family of internal combustion engines for a range of low-carbon fuels beginning in 2024 using core components on common engine blocks, with additional components installed to handle the specific fuel.

Roger Gilroy | Senior Reporter
February 15, 2022
Government, Business, Safety, Logistics

Canada Plans to Tow Trucks, Freeze Protesting Truckers' Accounts

Prime Minister Justin Trudeau is invoking emergency powers across all of Canada to quell protests by demonstrators who have paralyzed Ottawa and blocked border crossings in anger over the country’s COVID-19 restrictions.

Rob Gillies and Ted Shaffrey | Associated Press
February 15, 2022