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, Fuel

Exxon’s Gulf Coast Carbon Hub Gains Support of Energy Titans

An ambitious project aimed at capturing millions of tons of carbon emissions along the U.S. Gulf Coast in Texas garnered the support of some of the world’s biggest refiners and chemical manufacturers.

Kevin Crowley | Bloomberg News
September 16, 2021
Business, Technology, Fuel

Ford Expands Electric-Truck Factory in Michigan as Demand Surges

Ford Motor Co. is spending $250 million to expand its new factory producing the battery-powered F-150 Lightning as demand surges for the pickup truck, which goes on sale next year.

Keith Naughton | Bloomberg News
September 16, 2021
Business, Technology

J.J. Keller Launches VideoProtects Service for Geotab Users

Fleet safety and regulatory compliance firm J.J. Keller & Associates Inc. has introduced its VideoProtects video monitoring service for companies using Geotab’s connected-vehicle technology.

Seth Clevenger | Managing Editor, Features and Multimedia
September 16, 2021
Government, Business, Equipment, Fuel, Top 100

Electrification Key to FedEx’s Energy Goals, Executive Says

With industries considering adopting zero-emission sustainability operations in the coming years, a senior executive at FedEx Express recently outlined the company’s objectives related to electrifying vehicles.

Eugene Mulero | Senior Reporter
September 16, 2021
Government, Business, Safety

Congressional Funding Leaders Pursue Emergency Disaster Relief

The top Democrat in the U.S. Senate recently affirmed the chamber’s goal of advancing funding legislation for the federal government by the end of the month that would include disaster relief aid.

Eugene Mulero | Senior Reporter
September 16, 2021
Government, Business, Fuel

Chevron CEO Warns of High Energy Prices, Supply Crunches

The world is facing high energy prices for the foreseeable future as oil and natural gas producers resist the urge to drill again, according to Chevron Corp.’s top executive.

Kevin Crowley | Bloomberg News
September 16, 2021
Business, Technology, Equipment

Sustained Economic Recovery Ahead, Transportation Economist Predicts

GRAPEVINE, Texas — Transportation economist Donald Broughton said that the U.S. and trucking are in the early stages of a long, sustained, robust economic recovery as the country comes out of the COVID-19 pandemic.

Dan Ronan | Senior Reporter
September 16, 2021
Business, Logistics

Ship Owner Says Commodity Freight Rates Close to Going Parabolic

An owner of commodity hauling freighters said rates for the ships are close to the point of spiking sharply higher and mirroring an unprecedented surge in costs for transporting manufactured goods.

Alex Longley | Bloomberg News
September 16, 2021
Business

Cargill to Pay Growers for Carbon-Friendly Farming Methods

Commodity superpower Cargill Inc. is starting to pay American farmers to adopt growing practices that boost soil health and trap carbon.

Michael Hirtzer | Bloomberg News
September 16, 2021
Business

Retail Sales Unexpectedly Jump in Sign of Resilient Demand

U.S. retail sales rose unexpectedly in August as a pickup in purchases across most categories more than offset weakness at auto dealers, showing resilient consumer demand for merchandise.

Reade Pickert | Bloomberg News
September 16, 2021