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.
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.
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.
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.
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.
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.
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.
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.
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.
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.
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.