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

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.

Connor D. Wolf | Staff Reporter
August 13, 2024
Government, Business, Technology, Equipment, Safety

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, 2024
Government, Business, Fuel

Oil 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.

Grant Smith | Bloomberg News
August 13, 2024
Business, Private

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.

Michelle Chapman | Associated Press
August 13, 2024
Government, Business

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.

Paul Wiseman | Associated Press
August 13, 2024
Government, Business, Fuel

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.

Avalon Pernell | Bloomberg News
August 12, 2024
Business, Logistics

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, 2024
Government, Business, Technology, Logistics

Port 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.

Noël Fletcher | Staff Reporter
August 12, 2024
Government, Business, Technology, Equipment

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.

Eugene Mulero | Senior Reporter
August 12, 2024
Government, Business, Safety, TCA

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.

August 12, 2024