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, 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
Business, Logistics

NYC Congestion Pricing Wins Key Approval From Transit Board

Drivers of cars and trucks in New York City inched closer to paying a new fee to enter Manhattan’s central business district after approval of the nation’s first congestion-pricing plan.

Michelle Kaske | Bloomberg News
March 27, 2024
Business, Equipment, Logistics

US Ports Post Year-Over-Year Increases for February

U.S. ports experienced overall increases in container volumes year-over-year in February to extend a strong start to the year.

Connor D. Wolf | Staff Reporter
March 27, 2024
Government, Business

Questions Linger About Enforcement of California AB 5 Law

The California AB 5 independent contractor law is more than 4 years old, but how and to what extent it’s being enforced across the trucking industry remains an open question.

Eric Miller | Senior Reporter
March 27, 2024
Business, Equipment

Used Truck Sales in February Increase 23% Over Last Year

Used Class 8 truck sales in February increased 23.3% compared with the same period the prior year, ACT Research reported.

Connor D. Wolf | Staff Reporter
March 27, 2024
Business, Safety, Logistics

With Just 90 Seconds of Warning, Countless Lives Were Saved

BALTIMORE — Within about 90 seconds of a dispatcher's warning of an impending crash, police officers who happened to be near the Francis Scott Key Bridge stopped traffic in both directions. 

Lea Skene and Brian Witte | Associated Press
March 27, 2024
Business, Technology, Fuel

Volvo Car Just Made Its Last Diesel Vehicle

Volvo Car AB produced its last automobile with a diesel engine this week, ending an era for the manufacturer that plans to only make electric vehicles by 2030.

Rafaela Lindeberg | Bloomberg News
March 27, 2024
Government, Business, Fuel

Biden’s Biofuel Push Risks Dethroning Corn as King of Crops

American farmers will plant more corn than soybeans in 2024 — as they have in most years for over a century. But beyond that, a green diesel boom threatens to dethrone the king of all crops.

March 27, 2024
Government, Business, Safety, Logistics

The ‘No-Fail’ Mission to Protect the Red Sea Isn’t Working

For all the costly hardware the U.S. and its allies have thrown at the Houthis from Yemen, they haven’t been able to stop the attacks on civilian freighters and warships in the Red Sea.

March 27, 2024
Government, Business, Safety, Logistics

NTSB Highlights Shortcomings of Automated Railroad Braking

The collision of three Norfolk Southern trains in Pennsylvania early this month highlights the shortcomings of the automated braking system that was created to prevent such crashes.

Josh Funk | Associated Press
March 27, 2024