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.
Trucking Operations Continue as Heat Pounds Western States
As extreme heat smothers western states, trucking operations are pressing on at a regular pace.
Ford-Backed Argo Chooses Citigroup, JPMorgan to Go Public
Argo AI, the self-driving startup backed by Ford Motor Co. and Volkswagen AG, is working with investment bankers as it prepares to go public as soon as this year with a valuation expected to top $7 billion.
Biden Promotes Infrastructure Plan as Congress Prepares Policy Agenda
President Joe Biden pressed Congress to legislate on the infrastructure policy aspects of his domestic agenda as lawmakers return to Washington from their July 4 recess.
US Seeks to Lower Spiking Shipping Costs With Competition
The Biden administration is set to ask regulators to promote competition in the ocean shipping and rail industries after consolidation led to spikes in prices, according to a person familiar with a pending executive order.
Mullen Ramps Up Acquisitions Amid Expansion Plans
Mullen Group recently announced several acquisitions as part of an ongoing strategic plan to grow the Canadian business.
Virginia DOT Rolls Out EV Charging Location Information
The Virginia Department of Transportation on July 7 introduced a new feature to help drivers locate electric vehicle charging stations.
DP World to Buy Imperial Logistics in $890 Million Bet on Africa
DP World plans to buy South Africa’s Imperial Logistics Ltd. for $890 million, in what the port operator said would be its most significant acquisition in Africa so far.
229% Surge in China-US Shipping Costs Drives Inflation Pressure
The cost to ship a boxload of goods to the U.S. from China edged close to $10,000 as the world’s biggest economy keeps vacuuming up imports amid slower recoveries from the pandemic from Europe to Asia.
Initial Jobless Claims Edge Up but Hold Near Pandemic Low
Applications for U.S. state unemployment insurance edged up last week, though remained near a pandemic low, as the labor market grinds its way toward a full recovery.
PHMSA Seeks Ideas to Improve Safe Hazmat Transportation
The Pipeline and Hazardous Materials Safety Administration is seeking ideas for leading-edge research and innovative techniques to advance the safe transportation of hazardous materials.