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

Nippon Steel to Boost Capital Commitment to US Steel Plants

HARRISBURG, Pa. — Nippon Steel Corp. raised its capital commitment Aug. 29 by more than $1 billion to spend on U.S. Steel’s plants.

Marc Levy | Associated Press
August 29, 2024
Business, Logistics

What's That? NMFC

The NMFC system defines standard freight classes for carriers to measure the "transportability" of goods. It sorts freight into several categories, which are continuously amended by the National Motor Freight Traffic Association, Inc. (NMFTA).

August 29, 2024
Business, Safety, Logistics

Tornado Derails 43 BNSF Train Cars in North Dakota

STEELE, N.D. — Strong winds knocked nearly four dozen train cars off a track in North Dakota, part of a storm system that spurred reports of five tornadoes across the Dakotas.

August 29, 2024
Business, Technology, TCA

GM Moves BrightDrop Electric Vans to Chevrolet Brand

General Motors Co. is bringing its BrightDrop electric commercial vans under the Chevrolet brand in an effort to expand sales beyond delivery companies.

Kalea Hall | The Detroit News
August 29, 2024
Government, Business, Logistics

Canadian Rail Operations Back on Track After Work Stoppage

Canadian railway operations have resumed after a brief work stoppage, following government intervention in an ongoing labor dispute.

Connor D. Wolf | Staff Reporter
August 29, 2024
Government, Business, Safety

Trucking Reacts to DEA Proposal to Downgrade Marijuana

A DEA proposal to downgrade marijuana from the most serious category of federal drug offenses to a lesser category has drawn more than 43,000 comments from groups and individuals.

Eric Miller | Senior Reporter
August 29, 2024
Business, Safety, For-Hire, Top 100

Truck Driver Pay Drops 7.4% in Q2 as Freight Keeps Slumping, Reports Say

The trucking industry continued to experience a decline in driver compensation during the second quarter, with much of that led by lackluster starting pay.

Connor D. Wolf | Staff Reporter
August 29, 2024
Business, Fuel

Shell Set to Cut 20% of Jobs in Some Oil and Gas Divisions

Shell is set to cut around 20% of its workforce in some oil and gas exploration and development divisions as CEO Wael Sawan works to boost efficiency and profitability.

William Mathis | Bloomberg News
August 29, 2024
Government, Business, Technology, Safety

NTSB Update Highlights Questions About Remote-Control Trains

The CSX worker who discovered his friend run over by a pair of remote-control locomotives last year sees a simple solution to preventing similar deaths in the future: two-person crews.

Josh Funk | Associated Press
August 29, 2024
Business, Technology, Autonomous

Uber Invests in Self-Driving Software Firm Wayve

Uber Technologies is making a strategic investment in U.K.-based autonomous driving software provider Wayve Technologies.

Natalie Lung | Bloomberg News
August 29, 2024