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.
New Intangles Service Helps Truckers Find Mechanic Shops
Intangles launched a new product designed to help truck drivers find a mechanic while on the road before vehicle issues occur, the predictive maintenance company announced April 11.
QuickBooks for Trucking: Connecting QuickBooks to Your TMS
Learn how Truckbase connects QuickBooks for trucking and your TMS to help you marry your trucking-specific data in your TMS with your financial data in QuickBooks.
Amazon Becomes the Largest US Private EV Charging Operator
Amazon has installed more than 17,000 chargers at about 120 warehouses around the U.S., making the retail giant the largest operator of private EV charging infrastructure in the country.
Tesla to Cut Over 10% of Workforce in Global Retrenchment
Tesla Inc. will slash global head count by more than 10%, Elon Musk wrote in an email to staff, as the carmaker grapples with a slowdown in electric vehicle demand.
US to Provide $6.4 Billion to Samsung to Make Computer Chips
WASHINGTON — The Biden administration will provide up to $6.4 billion in direct funding for Samsung Electronics to develop a computer chip manufacturing and research cluster in Texas.
Source: Ship That Hit Bridge Had Power Issues While Docked
BALTIMORE — The containership that caused the collapse of a Baltimore bridge experienced apparent electrical issues before it left port but set out anyway, a source told the AP on April 15.
April 15, 2024Reopening of Ex-Yellow LTL Terminals Gathers Pace
Reopening of former Yellow Corp. terminals quickened in recent days, with multiple less-than-truckload players introducing additional doors they bought at auction.
Kenan Advantage Group Owner Omers Exploring IPO
Omers Private Equity is exploring an initial public offering of Kenan Advantage Group, one of North America’s biggest tank truck transporter and logistics providers, according to sources.
Logistics Market Faces Challenges Across Segments in 2023
Across the major logistics market segments, 2023 brought a spate of challenges including compressed margins, rising labor costs and inflationary pressures, ensuring a down year for many.
A Year to Forget for Third-Party Logistics Providers
2023 was a generally downtrodden year for 3PLs, with plummeting transportation rates and shippers focused on right-sizing inventories and reducing logistics costs.
Amazon Takes No. 1 Spot on Top 100 Logistics List
A freight market recession, compressed broker margins and major acquisitions in 2023 have markedly altered the landscape of North America’s largest third-party logistics providers.