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.
Q1 Auto Sales Grow 5.1% Despite High Interest Rates
DETROIT — New vehicle sales in the U.S. rose 5.1% from January through March, as buyers stayed in the market despite high interest rates. But electric vehicle sales growth slowed.
Best Trucking Invoicing Software for Growing Carriers
Managing invoices and billing efficiently is crucial for maintaining cash flow and ensuring business growth.
Limited-Access Channel Could Open in Baltimore by April 30
BALTIMORE — Engineers working to clear the wreckage of the collapsed Francis Scott Key Bridge expect to be able to restore navigation in and out of the Port of Baltimore by the end of this month.
Employers Added a Robust 303,000 Jobs in March
WASHINGTON — America’s employers in March added a sizzling 303,000 workers to their payrolls, bolstering hopes that the economy can vanquish inflation without succumbing to a recession.
Trucker Path Launches Brokerage Service for Smaller Brokers
Transportation technology provider Trucker Path is launching a new brokerage service offering designed for small to midsize freight brokers, the company announced April 3.
Nevada Event Kicks Off NTDC Champ Wilson’s Goal to Repeat
Gragg Wilson, the reigning “Super Bowl of Safety” grand champion, called Nevada’s upcoming precision driving tournament an ideal venue for kicking off this year’s road to his title defense.
Penske Sues Sacramento Over Environmental Plan
Penske Truck Leasing Co. has sued the city of Sacramento, Calif., alleging the city's environmental plan will harm the company's large North Sacramento facility.
Americold, Arkansas Officials Kick Off $90M Expansion
Arkansas Gov. Sarah Huckabee Sanders helped open a $90 million cold storage and distribution facility expansion by Americold to strengthen the state’s food supply chain.
Stellantis CEO Says EV Battery Weight Must Be Halved
The weight of electric vehicles batteries should be halved over the next decade in order to make the cars more efficient and environmentally friendly, Stellantis NV CEO Carlos Tavares said.
South Korean Chipmaker Plans $3.87 Billion Indiana Plant
WEST LAFAYETTE, Ind. — A major South Korean computer chipmaker said April 3 it plans to spend more than $3.87 billion in Indiana to build a semiconductor packaging plant and research center.
April 4, 2024Ford to Delay Production of New Electric Pickup, Large SUV
DETROIT — Ford Motor Co. says it will delay rolling out new electric pickup trucks and a new large electric SUV as it adds gas-electric hybrids to its model lineup.
April 4, 2024