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, Safety

Workers Had Little Warning as Maryland Bridge Collapsed

The deaths of six workers killed in the collapse of the Francis Scott Key Bridge in Baltimore have raised questions about safety precautions.

April 3, 2024
Government, Business, Fuel

US Cancels Latest Oil Reserve Refill Plan Amid High Prices

The Biden administration won’t move forward with its latest plans to buy oil for the Strategic Petroleum Reserve amid rising prices.

Ari Natter and Lucia Kassai | Bloomberg News
April 3, 2024
Government, Business

US Companies Added 184,000 Jobs in March, ADP Data Shows

U.S. companies boosted hiring last month by the most since July in a broad advance and some wage gains accelerated, pointing to solid demand for workers.

Jarrell Dillard | Bloomberg News
April 3, 2024
Government, Business, Equipment, Safety, Logistics

Car Shipper Takes $10 Million Hit From Bridge Collapse

Wallenius Wilhelmsen ASA, one of the largest car shipping companies, said it expects a $5 million to $10 million hit to its earnings from the Baltimore bridge disaster.

Alex Longley | Bloomberg News
April 3, 2024
Business, Fuel

OPEC+ Sticks With Supply Cuts While Oil Nears $90 a Barrel

OPEC+ chose to stick with oil supply cuts for the first half of the year, keeping global markets tight and potentially sending prices higher.

April 3, 2024
Government, Business, Safety

Update: US Traffic Deaths Decline by 3.6% in 2023

U.S. traffic deaths fell 3.6% last year despite an increase in miles travelled, according to new estimates by NHTSA. Still, almost 41,000 people were killed in motor vehicle traffic crashes on the nation’s roadways in 2023.

April 2, 2024
Business, Technology

At Amazon Fresh, Smart Carts Are In, ‘Just Walk Out’ Is Out

NEW YORK — Amazon is removing Just Walk Out technology from its Amazon Fresh stores as part of an effort to revamp the grocery chain.

Haleluya Hadero | Associated Press
April 2, 2024
Business

Toyota, Honda Sales Up as Americans Seek Cheaper Cars

Toyota Motor Corp. and Honda Motor Co. notched big U.S. sales gains and General Motors Co. grew retail deliveries to start the year as demand for lower-priced models help automakers defy expectations for a broad slowdown.

April 2, 2024
Government, Business, Logistics

Port of Laredo Cargo Is Big Winner in Biden’s New I-27 Law

Boosting U.S.-Mexico cargo movements through the Port of Laredo will be a key outcome of President Joe Biden’s recent enactment of a new law designating a future Interstate 27.

Noël Fletcher | Staff Reporter
April 2, 2024
Business, Technology, Equipment

Rivian Beats EV Production Estimates

Rivian Automotive built and delivered more electric vehicles last quarter than Wall Street expected, giving the automaker a boost as it grapples with production hurdles and heavy costs.

Ed Ludlow | Bloomberg News
April 2, 2024