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, Technology, Equipment

Connected Trucks Go Mainstream

Connected truck capabilities such as remote diagnostics and over-the-air software updates are becoming more standard and more powerful as manufacturers integrate them into their designs.

Steve Brawner | Contributing Writer
August 30, 2024
Government, Business, Technology, Fuel, TCA

Port of Bellingham to Install Electrical Plugs for Vessels

The Port of Bellingham received a $2.8 million grant from the state of Washington for the electrification of shore power at the shipping terminal.

Rachel Showalter | The Bellingham Herald
August 30, 2024
Government, Business, Technology, Fuel

Biden Awards $62 Million to Help Speed Hydrogen Adoption

The Biden administration will award $62 million to accelerate development of the nation’s nascent hydrogen industry, seen as key for decarbonizing steel, cement and heavy transportation.

August 30, 2024
Government, Business, Logistics

Canadian Rail Union Says It Filed Suit on Back-to-Work Order

The Teamsters union that represents workers at both of Canada’s largest freight railroads has filed the lawsuits it promised challenging the orders that forced employees back to work.

Josh Funk | Associated Press
August 30, 2024
Business, Logistics, Global Freight

Private Equity Gets Rare Support From Union on Schenker Sale

Verdi, Germany’s most powerful labor union, is making the unusual move of backing a private equity firm’s bid for Deutsche Bahn’s planned $15.5 billion sale of its Schenker logistics arm.

August 30, 2024
Government, Business

PCE Shows Price Pressures Easing as Rate Cuts Near

WASHINGTON — An inflation measure tracked by the Federal Reserve remained low, extending a trend of cooling price increases that clears the way for the Fed to start cutting its key interest rate.

Christopher Rugaber | Associated Press
August 30, 2024
Government, Business, Logistics

USPS Proposes Changes to Save $3 Billion a Year

The U.S. Postal Service wants to save $3 billion annually on changes that reflect its greater reliance on streamlined regional networks.

David Sharp | Associated Press
August 30, 2024
Business, Technology, Fuel

Sustainable Transportation: A Comprehensive Overview

Explore sustainable transportation in freight and logistics: key practices, challenges and innovations driving eco-friendly supply chains and urban delivery.

August 30, 2024
Business, Private

Tyson Foods Names Calaway CFO, Replacing Heir

Tyson Foods said Curt Calaway has been named chief financial officer, replacing company heir John R. Tyson.

Gerson Freitas Jr. | Bloomberg News
August 29, 2024
Business, Equipment

Motion Industries Expands in Houston With New Center

Motion Industries, a provider of vehicle maintenance, repair and parts, will open a new service center in Houston in September.

August 29, 2024