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.
Canadian Labor Board Leaves Door Open for Rail Strike
The ruling found that a work stoppage between the Teamsters and rail companies would not pose an immediate threat to public health and safety, meaning a strike could occur as soon as Aug. 22.
Ford, Mazda Warn Owners About Takata Air Bag Inflators
DETROIT — Ford and Mazda are warning the owners of more than 475,000 older vehicles not to drive them because they have dangerous Takata air bag inflators that have not been replaced.
August 13, 2024Oil Surplus Looms if OPEC+ Hikes Supplies, IEA Data Shows
Global oil markets are poised to swing from a deficit to a surplus next quarter should OPEC+ proceed with plans to boost supplies, data from the International Energy Agency showed.
Home Depot Trims Outlook for 2024
Home Depot’s Q2 sales rose slightly as the retailer benefited from an $18 billion acquisition this spring, but customers continued to rein in spending.
US Wholesale Inflation Cooled in July
WASHINGTON — Wholesale price increases eased in July, suggesting that inflation pressures are further cooling as the Federal Reserve moves closer to cutting interest rates.
Marathon Investor Sues to Block ConocoPhillips Acquisition
A Marathon Oil Corp. shareholder sued to block its proposed acquisition by ConocoPhillips, claiming the $17 billion deal “significantly undervalues” the target company.
What's That? On-Time In-Full (OTIF)
On-time in-full (OTIF) is a supply chain metric for measuring performance in logistics. OTIF generally refers to a supplier’s ability to deliver product within prescribed delivery windows and at full quantities ordered.
August 12, 2024Port Isabel Secures $1.6M Grant for Major Expansion Projects
Commerce Secretary Gina Raimondo recently announced the award as part of $6.9 million in economic development grants to Texas for workforce training and port improvements.
Two-Year-Old CHIPS Act Spurs Regional Growth, Lawmakers Say
In the two years since President Biden signed the measure into law, the Commerce Department indicated it has announced more than $30 billion in private sector investments across 15 states.
Post-9/11 Studies Considered ‘Pier Protection’ at Key Bridge
BALTIMORE — Engineering studies commissioned by the state of Maryland in the early 2000s considered the possibility of a “ship impact” at the Francis Scott Key Bridge.