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, Logistics

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.

Connor D. Wolf | Staff Reporter
August 22, 2024
Business, Equipment, Safety

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. 

Eugene Mulero | Senior Reporter
August 21, 2024
Government, Business, Logistics

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.

Laura Dhillon Kane | Bloomberg News
August 21, 2024
Government, Business

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.

Augusta Saraiva | Bloomberg News
August 21, 2024
Government, Business, Logistics

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.

Thomas Seal | Bloomberg News
August 21, 2024
Government, Business

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.”

Eric Miller | Senior Reporter
August 21, 2024
Business, Technology, Fuel

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.

Keith Naughton | Bloomberg News
August 21, 2024
Business, Equipment, Safety

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.

Eugene Mulero | Senior Reporter
August 20, 2024
Business, Fuel

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, 2024
Business, Technology, Fuel

Uber 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.

August 20, 2024