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

Congress Approves $1.2 Trillion Package of Spending Bills

WASHINGTON — Congress approved a $1.2 trillion package of spending bills early on March 23 just a few hours after funding for some key federal agencies was set to expire.

Kevin Freking | Associated Press
March 22, 2024

Best Carrier TMS Software in 2024: How to Choose

Transitioning from basic load board tools or spreadsheets to an advanced, integrated Transportation Management System (TMS) is a critical step for mid-sized truckload carriers aiming to scale effectively and sustain long-term competitiveness.

Business

Transport Topics Radio

Transport Topics Radio is a weekly news roundtable airing Saturdays on SiriusXM channel 146 from 1-3 p.m. ET and rebroadcast Saturday nights from 11 p.m.-1 a.m. ET, and Sundays from noon-2 p.m. ET and 9-11 p.m. ET.

March 22, 2024
Business, Logistics, For-Hire

Amazon Delivery Rival Pandion Secures Funding for Expansion

E-commerce logistics startup Pandion — which helps retailers like Saks Fifth Avenue compete with Amazon’s delivery — has secured $41.5 million in fresh funds to expand its operation.

Spencer Soper | Bloomberg News
March 22, 2024
Business, For-Hire

FedEx Plans $5 Billion Buyback of Shares

FedEx Corp. plans to buy back $5 billion of its shares as cost-cutting efforts have helped boost the courier’s profits as fiscal third-quarter earnings beat expectations.

March 21, 2024
Business, Technology, Equipment, Logistics, Autonomous

Uber Freight Bolsters Drop-and-Hook Solution Nationwide

Uber Freight has scaled up its drop-and-hook capacity solution nationally with new freight network optimization capabilities, the company announced March 21.

Connor D. Wolf | Staff Reporter
March 21, 2024
Business, Logistics

Drought Threatens to Snarl Mississippi River Traffic Again

The Mississippi River is at risk of bottlenecks for a third straight year as warm, dry spring weather and low winter snowpack limit the amount of water feeding into it.

Will Wade | Bloomberg News
March 21, 2024
Business, Private

Big Grocers Profited From Pandemic More Than Smaller Rivals

Large grocery retailers’ annual profits rose during the COVID-19 pandemic and have remained elevated since, which warrants deeper scrutiny, says a report by the Federal Trade Commission.

Emily Birnbaum | Bloomberg News
March 21, 2024
Government, Business

GOP Lawmaker Calls for Contractor Rule Suspension

Rep. Kevin Kiley is among a contingent of lawmakers advancing a congressional maneuver that would pause enforcement of a federal employee classification rule that affects truck drivers.

Eugene Mulero | Senior Reporter
March 21, 2024
Business, Technology, Autonomous, TCA

Pittsburgh Tech Investment Soars, Spurred by AV Firms

Pittsburgh tech companies raised just over $3 billion in funding last year, led by landmark investments in autonomous vehicle startups like Aurora and Stack AV.

Evan Robinson-Johnson | Pittsburgh Post-Gazette
March 21, 2024
Business, Equipment

February Trailer Orders Fall 21% From Last Year

U.S. trailer orders in February declined from the prior year but rose sequentially, according to ACT Research.

Connor D. Wolf | Staff Reporter
March 21, 2024