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, Safety

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, 2024
Business, Safety, Logistics

Barges 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.

Lea Skene and Brian Witte | Associated Press
March 28, 2024
Business, Private

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, 2024
Government, Business

Truck 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.

Karin Matussek | Bloomberg News
March 28, 2024
Business, Technology

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.

Tom Randall | Bloomberg News
March 28, 2024
Business, Technology, Equipment

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.

Dana Hull | Bloomberg News
March 28, 2024
Government, Business, Fuel

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, 2024
Business, Private

Home 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.

Michelle Chapman | Associated Press
March 28, 2024
Government, Business, Safety

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.

Noël Fletcher | Staff Reporter
March 27, 2024
Business, Safety, Logistics, TCA

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.

Luke Ramseth and Kalea Hall | The Detroit News
March 27, 2024