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.
Unlock Unique Custom Alerts for Drivers
Program Aired: March 28, 2 p.m. ET Like every fleet in the industry, we understand the importance of safety on the road and that hazards en route are dynamic. What if you could warn a driver about a hazard before they came across it? Have a certain area that you don’t want drivers entering, or known areas that have caused accidents, fender-benders, or speeding tickets within your fleet?
March 28, 2024Barges Bringing Cranes to Baltimore to Help Remove Wreckage
BALTIMORE — Massive barges carrying cranes streamed toward Baltimore on March 28 to begin the challenging work of removing metal and concrete in an attempt to open a key shipping route.
Kroger Closing Three E-Commerce Facilities in Texas, Florida
NEW YORK — Kroger is shuttering three spoke facilities in its Texas and Florida e-commerce operations, the grocery chain confirmed this week.
March 28, 2024Truck Makers Face Retrial in Europe in Price-Fixing Case
Daimler Truck Holding AG and Volvo AB will face a retrial in a 560 million euros ($603 million) case over a price fixing cartel, a German appeals court ruled.
EVs Pass the Tipping Point to Mass Adoption in 31 Countries
By the end of last year, 31 countries had surpassed what has become a pivotal EV tipping point: when 5% of new car sales are purely electric.
Tesla Rethinks the Assembly Line
Tesla Inc. has a plan to fend off cheaper competition from China with a $25,000 electric car. But first it has to overhaul a 100-year-old manufacturing process pioneered by Henry Ford.
US Buys 2.8 Million Barrels of Oil for Strategic Reserve
The U.S. purchased 2.8 million barrels of crude for the nation’s emergency oil cache as it seeks to replenish depleted supplies.
March 28, 2024Home Depot Buys SRS Distribution in $18 Billion Deal
Home Depot will buy SRS Distribution, a materials provider for professionals, in a deal valued at approximately $18.25 billion.
Federal Funds to Finance Rebuild of Baltimore Bridge
The potential for freight delays was being assessed in the wake of the collapse of the Francis Scott Key Bridge near Baltimore, which was struck by a cargo ship on March 26.
Automakers Face Workarounds Due to Port of Baltimore Closure
The Maryland bridge collapse that severed access to the Port of Baltimore early March 26 is expected to cause some shipping delays and logistical headaches for the auto industry.