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, Technology

Texas Instruments Wins $4.6 Billion in Grants, Loans

Texas Instruments is set to receive $1.6 billion in CHIPS Act grants and $3 billion in loans, marking the latest major award from a program designed to boost semiconductor manufacturing.

Mackenzie Hawkins | Bloomberg News
August 16, 2024
Government, Business, Fuel

USDA Seeks Easier Rules for Crops to be Used in Green Fuels

The U.S. Department of Agriculture is pushing for eased tax credit requirements regarding crops used as ingredients in the production of renewable fuels, according to Secretary Tom Vilsack.

Kim Chipman | Bloomberg News
August 16, 2024
Business, Technology, Logistics, Global Freight

Rivian Pauses Output of Amazon’s Electric Delivery Van

Rivian Automotive Inc. has paused production of the electric commercial van it makes for Amazon.com Inc. due to a parts shortage in the latest supply chain snafu for the EV maker.

Kiel Porter and Ed Ludlow | Bloomberg News
August 16, 2024
Government, Business, Logistics

Labor Minister Not Intervening in Canada Rail Dispute

The Canadian government has denied an arbitration request by Canadian National Railway Co., increasing the likelihood of a nationwide work stoppage by thousands of its unionized workers.

Mark Mann | Bloomberg News
August 15, 2024
Government, Business, Private

Kroger Doubles Price Cut to $1 Billion Post-Albertsons Merger

Kroger Co. has pledged to cut grocery prices by $1 billion, doubling its initial promise, as it seeks to win regulatory approval for its $25 billion merger with Albertsons Cos.

Jaewon Kang | Bloomberg News
August 15, 2024
Government, Business, Logistics

New Overweight Hauling Law Helps Wisconsin Cheesemakers

Wisconsin cheesemakers and the state’s trucking association are applauding the passage of a new law that boosts hauling capacity for dairy farmers.

Noël Fletcher | Staff Reporter
August 15, 2024
Business, Equipment

How to Reduce Risk Ahead of the 2027 Truck Emission Changes

Program Aired: August 15, 2 p.m. ET Find out how you can take the risk out of the anticipated truck pre-buy ahead of 2027. Transport Enterprise Leasing’s Jacob Brazier, vice president of fleet leasing, and Aaron Thompson, vice president of asset management, join TT’s Seth Clevenger for a special interview on creating success strategies for trucking companies amid the shift to cleaner truck technologies.   

August 15, 2024
Business

Watch: Class 8 Truck Sales End Nearly a Year of Declines

U.S. Class 8 retail sales ended 11 consecutive months of year-over-year declines with a small uptick in July, according to data from Wards Intelligence.

August 15, 2024
Government, Business, Safety, Logistics

Toll Rates Climb on Three Indiana-Kentucky Bridges

Tolling rates rose recently on three bridges connecting Louisville, Ky., and southern Indiana as part of an annual adjustment.

Noël Fletcher | Staff Reporter
August 15, 2024
Government, Business, TCA

Pennsylvania Transportation Plan Includes $88 Billion

The Pennsylvania State Transportation Commission on Aug. 14 adopted the 2025 12-Year Transportation Program.

Paul Vigna | pennlive.com
August 15, 2024