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.
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.
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.
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.
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, 2024Francine 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.
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.
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.
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.
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.
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.