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.
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.
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.
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, 2024Canadian 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.
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, 2024PCE 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.
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.
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, 2024Tyson Foods Names Calaway CFO, Replacing Heir
Tyson Foods said Curt Calaway has been named chief financial officer, replacing company heir John R. Tyson.
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