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, Logistics, TCA

New Container Terminal Planned for 2028 Opening in Maryland

Developers of a new $1 billion container terminal at Tradepoint Atlantic in Baltimore County, Md., say they expect to break ground by the end of next year and open in 2028, creating 1,100 jobs.

Lorraine Mirabella | The Baltimore Sun
February 22, 2024

Best Trucking Management Software Buyer’s Guide

For growing carriers, choosing the right Trucking Management Software (TMS) is vital for the efficiency and growth of your transportation business. As we move into 2024, it's crucial to understand the key features and considerations that make a TMS solution stand out, and which ones play to your unique operation.

Business, Logistics

J.B. Hunt Forges Intermodal Agreement With Walmart

J.B. Hunt Transport Services announced Feb. 22 that subsidiary J.B. Hunt Transport has entered into a multiyear intermodal service agreement with Walmart Inc.

Connor D. Wolf | Staff Reporter
February 22, 2024
Government, Business, Fuel

Biden Grants Gas Policy Shift to Boost Ethanol in Corn Belt

The Biden administration granted a fuel policy change designed to boost sales of corn-based ethanol, but delayed the shift until 2025 to prevent gasoline price spikes this summer.

February 22, 2024
Government, Business, Fuel

Illinois Bill to Copy California Emission Regs Draws Heat

A wave of opposition is mounting in Illinois to a bill that would have the state mirror California’s strict emissions laws that would eventually prohibit sales of diesel-powered trucks.

Noël Fletcher | Staff Reporter
February 22, 2024
Business, Safety

Update: FMCSA Planning New Detention Time Study

Approximately 80 carriers and 2,500 drivers chosen for the #FMCSA study will collect and provide 12 months of data to help determine the frequency and severity of detention time drivers face when making deliveries. 

February 22, 2024
Government, Business, Equipment

Federal Truck Leasing Task Force Seeking Help From Truckers

Federal trucking regulators have requested truckers, especially owner-operators, to assist the agency’s truck leasing task force by providing information on leasing agreements that they believe are unfair.

Eric Miller | Senior Reporter
February 22, 2024
Business, Technology, Equipment

Nikola Q4 Loss Dives 30.8% as R&D Costs Fall

Losses at Class 8 vehicle manufacturer Nikola Corp. narrowed 30.8% year-over-year in the fourth quarter of 2023 as research and development costs plummeted.

Keiron Greenhalgh | Staff Reporter
February 22, 2024
Business, Equipment

Trailer Orders Fall Amid Weak Order Season

U.S. trailer orders in January declined sequentially and from the prior year, according to ACT Research. The sequential fall-off was the first since November.

Connor D. Wolf | Staff Reporter
February 22, 2024
Government, Business, Technology, Equipment

Volvo Stays Positive on Class 8 Truck Sales Prospects in ’24

Volvo Trucks North America is forecasting a solid year for Class 8 sales, but expects activity soon for a pre-buy of new trucks ahead of federal emission rules taking effect in 2027.

February 22, 2024
Business, Technology

Rivian Plans to Cut 10% of Salaried Staff as EV Rush Stalls

Rivian Automotive Inc. shares fell in early trading after the electric vehicle maker issued a disappointing production forecast and announced another round of job cuts.

Ed Ludlow and Aashna Shah | Bloomberg News
February 22, 2024