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.

Government, Business

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.

Christopher Rugaber | Associated Press
September 6, 2024
Government, Business, Technology, Safety, Autonomous

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.

Eric Miller | Senior Reporter
September 5, 2024
Government, Business, Fuel

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.

Ruth Liao and Iain Marlow | Bloomberg News
September 5, 2024
Government, Business, Fuel

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, 2024
Government, Business, Safety

Buttigieg 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.

Eugene Mulero | Senior Reporter
September 5, 2024
Government, Business, Safety, Logistics, For-Hire

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.

Noël Fletcher | Staff Reporter
September 5, 2024
Business, Equipment, For-Hire, Top 100

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.

Keiron Greenhalgh | Staff Reporter
September 5, 2024
Government, Business, Logistics

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.

Eric Miller | Senior Reporter
September 5, 2024
Business, Technology, Equipment, Safety, Tradeshows

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.

Michael Freeze | Features Editor
September 5, 2024
Government, Business, Safety, Logistics

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.

September 5, 2024