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.
Halliburton Warning Oil Clients After Cybersecurity Attack
Halliburton, the world’s biggest provider of fracking services, said it is alerting customers and other stakeholders after an unauthorized third party gained access to some of its systems.
Strike Looms Again as Teamsters Serve CN Notice for Aug. 26
A union filed strike notice against Canada’s largest railway on Aug. 23 just hours after trains began rolling again, likely derailing plans to revive vital shipping networks.
TxDOT to Assume Control of Key Freight Route, Cut Toll Costs
The Texas Transportation Commission is proceeding with a $1.73 billion buyout to take over state Highway 288 tolling operations to lower fares.
Big Scoop: Ice Cream Giant Plans $425M New York Expansion
Trucking companies can anticipate new opportunities as Wells Enterprises invests $425 million to expand its New York plant. Wells, headquartered in Le Mars, Iowa, produces more than 200 million gallons of ice cream annually and distributes products in all 50 states.
August 23, 2024CVC and DSV Compete in $15.6B Bid for DB Schenker Unit
Deutsche Bahn is currently evaluating the final offers and needs to discuss with the government on CVC’s proposal.
DSV Orders 300 Electric Trucks in Major Volvo Deal
Logistics firm DSV plans to buy 300 electric heavy trucks from Volvo AB in what would be one of the largest commercial orders to date for the Swedish manufacturer’s battery-powered rigs.
Truck Drivers Tackle Intricate Course
Hundreds of women and men were tested on precision-driving skills as well as on their capacity to run commercial vehicles during the first day of competition at NTDC 2024 in Indianapolis.
CPKC, CN Prepare to Restart After Labor Dispute Intervention
Canada’s two largest railways are preparing to restart operations after the country's government stepped in to try to end a labor dispute that has halted freight movement.
Elite Truckers Test Skills in Indy
Nerves, excitement, professionalism were evident among the more than 400 elite truck drivers — including three first-timers — on Day 1 of NTDC 2024 in Indianapolis.
CN Will End Its Lockout Immediately, Rail Official Says
TORONTO — CN is ending its lockout immediately and moving forward with a plan to get its trains moving again following an order to enter forced arbitration with its union, a rail official says.