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.

Business, Equipment, Fuel, Logistics, Top 100

Walmart to Hire 3,000 Drivers to Expand In-Home Delivery

Walmart Inc. is betting big on its service to deliver groceries directly into customers’ refrigerators with an expansion of its InHome delivery option, and will hire 3,000 drivers to support it.

Brendan Case | Bloomberg News
January 5, 2022
Government, Business, Logistics

US Needs to Guard Exports From Supply Chain Snarls, Envoy Says

U.S. port authorities and ocean carriers, dealing with record import volumes, need to ensure that exports aren’t hindered amid the unprecedented supply chain logjams that aren’t showing clear signs of dissipating, President Joe Biden’s port envoy said.

January 5, 2022
Business, Technology

GM Enters Electric Pickup Battle With 400-Mile Silverado EV

General Motors Co. CEO Mary Barra showed off the company’s electric Chevrolet Silverado at the CES exhibition, announcing that the pickup will go on sale in spring 2023 to compete with battery-powered trucks from longstanding rival Ford Motor Co. and newcomer Rivian Automotive Inc.

David Welch | Bloomberg News
January 5, 2022
Business, Logistics

Port of Oakland Unveils Plan to Encourage Agriculture Exports, Ramp Up Business

Facing a loss of business to larger container ports in Southern California, the Port of Oakland will permanently expand its agriculture export business beginning March 1.

Dan Ronan | Senior Reporter
January 5, 2022
Business, Logistics, Top 50

Maersk Overtaken as World’s No. 1 Shipping Line by MSC

A.P. Moller-Maersk A/S is no longer the world’s largest container line. The Danish carrier has been overtaken by Mediterranean Shipping Co. in terms of capacity, according to data compiled by Alphaliner and published Jan . 5.

Christian Wienberg | Bloomberg News
January 5, 2022
Government, Business, Logistics

British Freight Lobby Slams ‘Profiteering’ in Container Shipping

The British International Freight Association is calling on the U.K. government to investigate the state of competition within the global container-shipping market, as transportation costs remain elevated heading into the third year of the pandemic.

Charlotte Ryan | Bloomberg News
January 5, 2022
Business, Top 100

Maverick Increases Per Mile Pay for Glass Drivers

Maverick Transportation is raising per mile pay by 2 cents for company drivers in its glass transportation division, the carrier announced.

January 5, 2022
Business, Technology

Nikola Drops $2 Billion Patent Suit Against Tesla

Fledgling electric vehicle maker Nikola Corp. is dropping its $2 billion patent lawsuit against rival Tesla Inc. as its founder continues to fight criminal charges that he misled investors.

Robert Burnson | Bloomberg News
January 5, 2022
Business, Technology, Equipment

Amazon, Stellantis Team Up on Auto Software and Delivery Vehicles

Amazon.com Inc. is partnering with Stellantis NV to develop software with the carmaker and agreed to buy a new electric delivery van.

Tara Patel | Bloomberg News
January 5, 2022
Government, Business

Companies Add Most Jobs in Seven Months

U.S. companies in December added the most jobs in seven months, indicating that more Americans are returning to the labor force and helping employers to fill a near-record number of open positions.

Olivia Rockeman | Bloomberg News
January 5, 2022