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.

Government, Business, Safety, Logistics

FRA Report Says BNSF Safety Held Back by Industry Issues

BNSF is generally striving to improve safety, but that message doesn’t always reach workers who often don’t feel comfortable reporting safety concerns, according to an assessment.

Josh Funk | Associated Press
August 28, 2024
Business, Fuel

Exxon Seeks to Sell Conventional Permian Assets for $1B

Exxon Mobil Corp. is looking to sell a package of conventional oil assets in the Permian Basin as the company focuses on growing shale production.

August 27, 2024
Government, Business, Logistics

Panama Canal Eases Limits That Caused Shipping Bottleneck

The Panama Canal is lifting restrictions that caused a global shipping bottleneck as water levels normalize after a severe drought.

Michael McDonald | Bloomberg News
August 27, 2024
Government, Business, Safety, TCA

Key Bridge Insurer Pays Maryland Agency $350 Million

The Maryland Transportation Authority received a $350 million insurance payout from Chubb, the Key Bridge’s insurer, to be applied to cleanup and rebuilding the span that collapsed in March.

Hayes Gardner | Baltimore Sun
August 27, 2024
Business, Technology, Equipment, Logistics, TCA

Peterbilt 579 EV to Transport Honda Vehicles in Alabama

A Peterbilt 579 EV developed to transport newly built Honda vehicles from the company’s Lincoln, Ala., plant was unveiled Aug. 26 after a yearslong development process.

William Thornton | Alabama Media Group
August 27, 2024
Government, Business, Technology

Port of Seattle Investigates Cyberattack at Airport

SEATTLE — An apparent cyberattack disrupted internet, phones and other systems at Seattle-Tacoma International Airport for a third day as Port of Seattle officials worked to restore service.

August 27, 2024
Government, Business, Private

Kroger-Albertsons Deal Heads to Court With Food Price Focus

Kroger Co. and Albertsons Cos. are finally getting their day in court. Nearly two years after the acquisition was announced, the grocery giants on Aug. 26 started a federal court hearing in Portland, Ore., on the U.S. Federal Trade Commission’s bid to block the $24.6 billion deal.

Leah Nylen and Jaewon Kang | Bloomberg News
August 26, 2024
Business, For-Hire

Estes Purchases Seven Former Yellow Terminals

Estes has closed on lease purchases for seven terminals across the country that used to belong to the defunct carrier Yellow Corp., the company announced Aug. 22.

Connor D. Wolf | Staff Reporter
August 26, 2024
Government, Business, Fuel

US Oil Dominance Hinges on Quiet Corner of New Mexico

Two New Mexico counties accounted for 17% of all onshore oil output in the contiguous U.S. last year.

Mitchell Ferman | Bloomberg News
August 26, 2024
Business, Fuel

Exxon Sees 2050 Oil Use at Current Level

Exxon Mobil forecasts global oil demand in 2050 will be the same — or slightly higher — than current levels, putting efforts to reach net-zero carbon emissions by midcentury well out of reach.

Kevin Crowley | Bloomberg News
August 26, 2024