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.
CN and CPKC Initiate Lockout After Labor Talks Fail
The Canadian railway system has been struck with two major work stoppages amid failed labor negotiations Aug. 22.
Chris Moore Wins Georgia, Readies for NTDC Competition
Chris Moore, the Georgia grand champion in the sleeper berth class, aims to lead Walmart to the team title at the National Truck Driving Championships in Indianapolis.
Trudeau Tells Railways, Union to Reach Deal to Avoid Strike
Prime Minister Justin Trudeau is urging Canada’s two largest railways and unionized workers to reach a deal to avert a strike that businesses warn will cause significant harm to the economy.
US Payroll Data Likely to See Largest Revision Since 2009
U.S. job growth was probably far less robust in the year through March than previously reported, according to government data out Aug. 21.
Canadian Economy at Risk as Rail, Port Strikes Approach
Canadian businesses are warning about potential long-term damage to the economy if railway and port strikes go ahead and choke the country’s vital trading arteries.
ATA Presses DOT on Stalled Mileage-Based Fee Study
With the IIJA set to expire in about two years, ATA said the opportunity to conduct the pilot program and report the results to Congress is “quickly fading.”
Ford Scraps Electric SUV, Boosts Hybrid Production
Ford Motor Co. is recalibrating its electrification strategy yet again, canceling plans for a fully electric SUV in a shift that may cost the carmaker around $1.9 billion.
UPS’ Connor Christensen Hopes to Catch Fire at NTDC
UPS driver Connor Christensen from Illinois learned step van skills by observing father Ceth in four contests at NTDC. It will be Connor’s turn to take the spotlight this week in Indianapolis.
Rivian Production Head Leaves for Stellantis in Latest Exit
A senior leader at Rivian Automotive’s sole factory plans to leave the company, the latest in a wave of executive departures in recent months at the electric vehicle maker.
August 20, 2024Uber Hires Ex-Tesla Charger Executive to Oversee EV Shift
Uber Technologies hired former Tesla Inc. executive Rebecca Tinucci to oversee the ride-hailing platform’s shift to electric vehicles.