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.
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.
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, 2024Tornado 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, 2024GM 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.
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.
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.
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.
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.
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.
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.