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.
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.
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.
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.
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.
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.
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, 2024Kroger-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.
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.
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.
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.