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.
ATA Reports Sequential Freight Tonnage Rise for July
The trucking industry in July saw a sequential rise in freight tonnage but a decrease from the year-ago period, American Trucking Associations reported Aug. 20.
Will Amazon’s AI Bet Pay Off?
More than any of the megacap technology stocks, Amazon.com Inc.’s big-spending ways are coming at the expense of profits, and its shares are being punished as a result.
US Labor Cooldown May Have Started Earlier Than Thought
U.S. job growth in 2024 through March was likely less robust than initially estimated, which risks fueling concerns that the Federal Reserve is falling behind on interest rate cuts.
Tesla Gets Lower EU Tariff Than Chinese Rivals in Draft Plan
For Tesla Inc., the 9% tariff is relatively welcome news, as it’s lower than what other manufacturers face.
Albertsons Sued for Allegedly Copying Startup’s Software
Albertsons Cos. was sued by an e-commerce software maker that claims the grocery chain conducted trials with its product for three years only to steal its trade secrets to build its own system.
ATA Names Dan Hilton MSC Executive Director
Dan Hilton, an alumnus of Capitol Hill and trade associations with extensive experience in government and advocacy, is the new executive director of ATA’s Moving & Storage Conference.
Kroger Plans Minimum 7-Tranche Bond Sale for Albertsons Deal
Kroger is poised to sell investment-grade bonds in at least seven parts to help fund its proposed acquisition of Albertsons as antitrust scrutiny continues to hang over the plan.
7-Eleven Owner Gets Takeover Bid From Canada’s Couche-Tard
The owner of 7-Eleven convenience stores and other retail chains has received a buyout offer from Canada’s Alimentation Couche-Tard.
August 19, 2024Port Traffic Booms Despite Recession Fears
The busiest port complex in the U.S. is churning through import volumes near the highs set during the pandemic despite worries about a cooling economy.
GM to Cut More Than 1,000 Software Engineers, Mostly in US
General Motors Co. is cutting more than 1,000 software engineers as the automaker moves to lean up its software and services organization, said a person familiar with the matter.