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, Technology, Equipment

Tesla Sales Fall Way Short of Estimates

Tesla Inc. suffered its first year-over-year sales drop since the early days of the COVID pandemic.

Dana Hull | Bloomberg News
April 2, 2024
Government, Business, Safety, Logistics

Second Channel Opens at Baltimore Bridge Site

BALTIMORE — Crews opened a second temporary channel April 2 allowing a limited amount of marine traffic to bypass the wreckage of Baltimore’s collapsed Francis Scott Key Bridge.

Lea Skene | Associated Press
April 2, 2024
Government, Business, Safety, Logistics

Freight Railroads Must Keep Two-Person Crews

Major freight railroads will have to maintain two-person crews on most routes under a new federal rule that was finalized April 2.

Josh Funk | Associated Press
April 2, 2024
Business, Safety, Logistics

Cargo Ship Owner Seeks $44 Million Liability Limit

The owner of the ship that rammed a bridge in Baltimore, killing six workers and disrupting the eastern U.S. transportation network, is seeking to limit its liability to about $43.7 million.

Ethan M Steinberg | Bloomberg News
April 1, 2024
Business, Logistics

What's That? Freight Broker

A transportation management system or TMS is a logistics platform that uses technology to help trucking businesses plan, execute, and optimize the physical movement of goods, both incoming and outgoing.

April 1, 2024
Business, Technology

What's That? Transportation Management Systems (TMS)

A transportation management system or TMS is a logistics platform that uses technology to help trucking businesses plan, execute, and optimize the physical movement of goods, both incoming and outgoing.

April 1, 2024
Business, Logistics

What's That? 4PL

Fourth-party logistics, also known as 4PL, is an operational model in which a business outsources its entire supply chain management and logistics to one external service provider. This partner oversees the supply chain, including the evaluation, design, construction, implementation, and measurement of the client's solutions.

April 1, 2024
Business, Logistics

What's That? Logistics

Logistics refers to the transportation and storage of goods within a supply chain. For example, freight brokers who coordinate with a carrier to move a company’s goods are performing a logistics service.

April 1, 2024
Business, Fuel

What's That? Diesel Shortage

This video offers a concise overview of the diesel shortage issue, designed to demystify this complex topic for non-experts and highlight why it remains a critical concern amidst the transition to more sustainable energy sources.

April 1, 2024
Business

What's That? JIT

  In transportation and freight, Just-In-Time (JIT) inventory systems revolutionize how materials flow into assembly and manufacturing plants. By precisely coordinating demand and supply, JIT ensures materials arrive exactly when needed, minimizing inventory costs and enhancing operational efficiency.

April 1, 2024