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.
Hiring Rebounds in August in Sign of Slowing Job Market
WASHINGTON — Hiring by America’s employers picked up a bit in August from July’s sluggish pace, and the unemployment rate dipped in a sign that the job market may be cooling but remains sturdy.
California Passes Similar AV Legislation Vetoed Last Year
For the second straight year, California lawmakers forwarded legislation to the governor that would require drivers to be in the cab during the testing of autonomous heavy trucks in the state.
US Imposes Sanctions on Two More Vessels Tied to Russian LNG
The U.S. has sanctioned two more vessels along with two related shipping companies in its latest effort to block Russian liquefied natural gas exports from the Arctic.
Trump Eyes Energy Emergency to Push Gasoline Below $2
A goal of sub-$2 gasoline, last seen during the pandemic shutdown that caused demand to collapse, would be difficult to achieve, since presidents have little control over pump prices.
September 5, 2024Buttigieg Announces $1 Billion for Transportation Safety
Transportation Secretary Pete Buttigieg recently announced a new wave of funding aimed at improving transportation safety around the country.
Michigan to Allow Hazardous Transport on Ambassador Bridge
The decision, repealing measures in place since 2014, follows a six-month review of input from the public, law enforcement and first responders.
Yellow Submits Final Chapter 11 Plan, Seeks Creditor Deal
The administrators are disputing the size of withdrawal liability claims from Central States Pension Fund and other multiemployer pension funds.
Military’s $17.9 Billion Moving Contract Off to Slow Start
A $17.9 billion contract to move military members and their families finally took effect this summer. So far, however, just 100 or so local moves have been completed by local moving companies.
TMC Heads Back to Raleigh With Revamped Competitions
The event, scheduled for Sept. 15-19, will take place in Raleigh, N.C., a city that’s hosted a number of TMC gatherings in the past — most recently in 2019.
Drought Shrivels Mississippi River, Threatening Food Exports
Drought across the central U.S. is shrinking the Mississippi River, sending barge rates soaring and threatening to roil shipments of everything from corn to gasoline.