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, Safety

Biden Administration Grants $5 Billion for Aging Bridges

Dozens of aging bridges in 16 states will be replaced or improved with the help of $5 billion in federal grants announced July 17 by President Joe Biden’s administration.

David A. Lieb | Associated Press
July 17, 2024
Government, Business, Technology, Equipment, Safety, Autonomous

FMCSA, NHTSA Delay Posting of Significant Rulemakings

Regulators are delaying until 2025 a supplemental heavy-duty truck speed limiter proposed rule, an automatic emergency braking final rule and a proposed new truck driver seizure standard.

Eric Miller | Senior Reporter
July 16, 2024
Government, Business, Logistics

CBP OKs Ports of Indiana Plan for Ocean Container Terminal

Creation of Lake Michigan’s first international container terminal serving the Chicago area is underway since CBP officials approved a Ports of Indiana-Burns Harbor plan.

Noël Fletcher | Staff Reporter
July 16, 2024
Business, Technology, For-Hire

Leonard’s Express Eyes Planning Boost With Optimal Dynamics

Leonard’s Express will begin deploying Optimal Dynamics’ load planning and dispatch software starting in August, executives said July 16.

Keiron Greenhalgh | Staff Reporter
July 16, 2024
Business, Logistics, For-Hire

Ryder Buys Mobile Maintenance Firm Pit Stop Fleet Service

Ryder System Inc. is set to buy Pit Stop Fleet Service for an undisclosed sum, it said July 15. The deal is expected to close by Aug. 1.

Keiron Greenhalgh | Staff Reporter
July 16, 2024
Business, Logistics

Cold Storage Firm Lineage Seeks Up to $3.85 Billion in IPO

Temperature-controlled storage and logistics giant Lineage Inc. is seeking to raise as much as $3.85 billion in its initial public offering.

July 16, 2024
Business, Logistics, Private, Global Freight

Amazon Prime Day Sales Rise 13% in First Six Hours of Event

Amazon’s Prime Day sales rose about 13% in the first six hours of the event compared with the same period last year, according to Momentum Commerce.

Spencer Soper | Bloomberg News
July 16, 2024
Business, Safety

FedEx Freight’s Willinger Wins Kentucky, Again

With fewer than six weeks before the country’s elite truckers gather for NTDC, FedEx Freight driver John Willinger of Kentucky formally embarks on a path of constant preparation.

Eugene Mulero | Senior Reporter
July 16, 2024
Business, Technology, Equipment

GM CEO Barra Backs Away From 1 Million EV Production Goal

General Motors Co. CEO Mary Barra walked back expectations for her company’s electric vehicle program, the latest such move by a legacy automaker as momentum slows for plug-in models.

David Welch | Bloomberg News
July 16, 2024
Government, Business, Technology, Autonomous

California Awards $27 Million to Container Ports

California’s business and economic development office has awarded $27 million to fund 10 projects at its five container ports to improve data systems and interoperability.

Noël Fletcher | Staff Reporter
July 16, 2024