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, Logistics, Global Freight

MSC CEO Soren Toft Rules Out New Shipping Alliance

MSC Mediterranean Shipping Co. plans to brave volatile shipping markets on its own, ruling out a new alliance just months before its partnership with A.P. Moller-Maersk A/S ends.

Alessandro Speciale | Bloomberg News
September 10, 2024
Government, Business, Equipment, Safety

Jury Issues $462 Million Verdict Against Wabash After Crash

Wabash National Corp. said it is reviewing its legal options after a jury handed down $462 million in damages against the trailer manufacturer after a fatal crash.

Eric Miller | Senior Reporter
September 9, 2024
Business, Equipment

Port of Galveston Expands to Boost Cargo Capacity by 2026

A $90 million Port of Galveston infrastructure project launched this summer aims to add 30 acres and a long berth by 2026, enabling the Texas facility to handle one-third more cargo.

Noël Fletcher | Staff Reporter
September 9, 2024
Business, Logistics

What's That? Reshoring vs Nearshoring

In supply chain management, reshoring and nearshoring are two strategies companies use to optimize their production and sourcing.

September 9, 2024
Government, Business, Safety, Fuel

Francine Heads for Gulf Coast; Oil Drillers Evacuate Crews

Francine is expected to lash parts of the Gulf Coast with powerful winds and heavy rain as it heads for a Sept. 11 landfall as a full-blown hurricane.

Brian K. Sullivan | Bloomberg News
September 9, 2024
Government, Business, Technology, Equipment

Greenlane Lands $15M for California Zero-Emission Truck Hub

Truck refueling specialist Greenlane won a $15 million grant from the South Coast Air Quality Management District to expedite construction of its flagship Colton, Calif., facility.

Keiron Greenhalgh | Staff Reporter
September 9, 2024
Government, Business, Logistics, TCA

Union Pacific Could Abandon 1872 Jobs Pact With Texas Town

Union Pacific Railroad is one step closer to eliminating its workforce in the east Texas town of Palestine after action by the Texas Supreme Court on Sept. 6.

Amber Gaudet | The Dallas Morning News
September 9, 2024
Business, Logistics, Global Freight

CVC Presses Case for Schenker Bid to Deutsche Bahn Officials

CVC Capital Partners is pressing the case for its takeover bid for Deutsche Bahn AG’s logistics arm DB Schenker with a fresh appeal to top officials at the German state-owned transport group.

September 9, 2024
Government, Business, Technology, Safety

Stellantis Probed in US Over Reports of Jeep Engine Fires

Stellantis NV said it’s cooperating with U.S. authorities investigating reports of Jeep engines catching fire.

Albertina Torsoli | Bloomberg News
September 9, 2024
Government, Business, Safety

Werner Earns Review of $100M Verdict by Texas High Court

The Texas Supreme Court has granted Werner Enterprises’ petition for review of a $100 million lower-court verdict involving a 2014 fatal crash that has lingered in Texas courts for years.

Eric Miller | Senior Reporter
September 9, 2024