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.
Washington State Moves to Block Albertsons-Kroger Deal
Albertsons and Kroger insist a merger would help them lower prices and better compete with big rivals such as Walmart, Costco and Amazon.
Amazon Contract Drivers Organize With Teamsters in New York
Hundreds of Amazon contract-delivery drivers at a New York City warehouse are organizing with the Teamsters, demanding that the company bargain with them over wages and working conditions.
Perspective: Cargo Integrity Plan Reduces Risk
Supply chain disruptions are becoming more common, but one factor that often gets overlooked in conversations about intermodal risk management is the importance of cargo integrity.
Recruiting: Driving Simulators Help Trucking Companies Find New Talent
For CDL trainers and some fleets, truck driving simulators are among the most innovative and realistic ways to #recruit new drivers.
September 16, 2024After EVs, China’s CATL Seeks to Dominate Electric Trucks
CATL has in a short space of time become the world’s largest maker of electric car batteries. Now the Chinese company wants to dominate in trucks globally.
Camrett Logistics Invests $575K in Virginia Warehouse
The expansion is part of Camrett’s broader growth in Southwest Virginia, where it has been operating since 1995.
September 16, 2024Apollo Inks $1 Billion Deal With BP for Stake in Gas Link
Apollo Global Management agreed to pay BP Plc $1 billion for a stake in a key Caspian-region natural gas pipeline.
RXO Becomes Third-Largest Freight Broker With Coyote Deal
RXO has finalized its $1.025 billion acquisition of Coyote Logistics from UPS, a move that makes RXO the third-largest provider of brokered transportation in North America.
September 16, 2024Idea Leads to EV Charger Maintenance Business
LOS ANGELES — Kameale Terry saw it coming before almost anyone else did. She realized the expanding network of electric vehicle charging stations would need a workforce to maintain it.
September 16, 2024VW Weighs Cutting 15,000 Staff on Plant Closures
Volkswagen AG could force through decisions on plant closures this year, paving the way for more than 15,000 job cuts, according to analysts at Jefferies.