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.

Business, Logistics

XPO Opens Three New Facilities Acquired From Yellow Closure

XPO recently opened three new facilities that were acquired by the less-than-truckload carrier as part of the Yellow Corp. bankruptcy.

May 14, 2024
Government, Business, Fuel

Senate Passes Diesel Emissions Reduction Bill Update

Legislation updating the Diesel Emissions Reduction Act was recently passed in the U.S. Senate.

Eugene Mulero | Senior Reporter
May 14, 2024
Business, Equipment, Fuel, Logistics, For-Hire

Ryder: Switching to a Class 8 EV May Double Vehicle Costs

A new analysis by leasing and logistics specialist Ryder System indicates the business case for swapping a diesel or gasoline van or truck for an EV is shaky for much of the trucking industry.

Keiron Greenhalgh | Staff Reporter
May 14, 2024
Business, Logistics, TCA

GXO Opens Warehouse in Maryland for Conair

GXO Logistics has opened an approximately 2.1 million-square-foot distribution center in Maryland, a facility that will exclusively serve Conair.

Paul Schott | The Advocate (Stamford, Conn.)
May 14, 2024
Government, Business, Technology, Fuel

Hydrogen Maker Plug Power Soars on $1.7 Billion US Backing

Hydrogen producer Plug Power Inc.’s stock soared May 14 after the Biden administration offered the U.S. company a conditional commitment for $1.66 billion in loan guarantees to build up to six facilities.

Ari Natter and Will Wade | Bloomberg News
May 14, 2024
Government, Business, Technology

Biden Hikes Tariffs on Chinese Electric Vehicles

WASHINGTON — The Biden administration announced plans to slap new tariffs on Chinese electric vehicles, advanced batteries, solar cells, steel, aluminum and medical equipment.

May 14, 2024
Government, Business, Technology, Safety, Autonomous

NHTSA Investigates Waymo Self-Driving Tech After Crashes

DETROIT — The U.S. government’s highway safety agency has opened another investigation of automated driving systems, this time into crashes involving Waymo’s self-driving vehicles.

Tom Krisher | Associated Press
May 14, 2024
Government, Business, Safety

Collapsed Baltimore Bridge Span Comes Down With a Boom

BALTIMORE — Crews set off a chain of carefully placed explosives May 13 to break down the largest remaining span of the collapsed Francis Scott Key Bridge in Baltimore.

Lea Skene | Associated Press
May 14, 2024
Business, Technology

Telematics Specialist FleetPulse Spins Off From Great Dane

Trailer telematics specialist FleetPulse is to operate as a stand-alone company rather than as a unit of original equipment manufacturer Great Dane, it said.

Keiron Greenhalgh | Staff Reporter
May 14, 2024
Government, Business, Logistics

Delaware Enlarging Port With New $635 Million Terminal

Delaware announced it will join Enstructure, the operator of the Port of Wilmington, to build a new port terminal in Edgemoor in a $635 million project.

Noël Fletcher | Staff Reporter
May 13, 2024