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

Viable Carbon Capture Key to Oil’s Future, Kerry Warns

John Kerry, the Biden administration’s top climate diplomat, said the oil and gas industry must prove carbon capture can play a meaningful role lowering emissions.

Kevin Crowley | Bloomberg News
September 18, 2024
Business, Technology, Equipment, Fuel

Farm Is First Customer for Electrified Trailer Developer Range

Electrified dry van and refrigerated trailer developer Range Energy’s first publicly announced customer is set to be Petaluma Egg Farm, which serves Northern California grocery stores.

Keiron Greenhalgh | Staff Reporter
September 18, 2024
Business, Technology

Doug Nickles Repeats as TMCSuperTech Grand Champion

RALEIGH, N.C. — FedEx Freight’s Doug Nickles repeated as TMCSuperTech grand champion at American Trucking Associations’ Technology & Maintenance Council Fall Meeting on Sept. 17.

Michael Freeze | Features Editor
September 18, 2024
Government, Business, Safety

TCA Urges Lawmakers to Address Truck Parking Shortage

The group’s sixth annual “Call on Washington” this September featured visits with lawmakers, their federal legislative staff and industry experts.

Eugene Mulero | Senior Reporter
September 18, 2024
Business, Logistics, For-Hire, Top 100

Efficiency Is Key as Freight Carriers Wait for Market Uptick

As carriers await an upturn in the freight environment, executives say they continue to seek efficiencies and prepare their fleets for when the tipping point comes.

Keiron Greenhalgh | Staff Reporter
September 18, 2024
Business

Fed Cuts Rates by Half-Point to Combat Slowing Job Growth

The Federal Reserve on Sept. 18 cut its benchmark interest rate by an unusually large half-point, a dramatic shift after more than two years of high rates.

Christopher Rugaber | Associated Press
September 18, 2024
Government, Business, Technology, TCA

All-Electric Cranes Lift Cargo at Port of San Diego

With the recent deployment of two massive, all-electric harbor cranes, the Port of San Diego is about two-thirds of the way from reaching its ambitious zero-emission targets.

Rob Nikolewski | The San Diego Union-Tribune
September 18, 2024
Business, Technology, Logistics, For-Hire, Top 100

Generative AI Driving Freight Brokerage Transformation

Efforts from established and newer enterprises to develop robust digital tools are being shaped by market demands and technological innovations.

Stephen Bennett | Special to Transport Topics
September 18, 2024
Business, Technology

GM Begins Sales of Adapters for Tesla’s Charging Network

General Motors' electric vehicle customers are getting access to Tesla Superchargers starting this month, following an agreement struck last year between CEOs Mary Barra and Elon Musk.

David Welch | Bloomberg News
September 18, 2024
Government, Business

Nippon Steel to Get Extension on US Steel Plan

A U.S. security panel has granted Nippon Steel permission to refile its plans to purchase United States Steel for $14.1 billion, likely pushing a decision on the takeover past the elections.

Josh Wingrove | Bloomberg News
September 18, 2024