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.
A Weakening Diesel Market Is Becoming a Problem for Oil
The global diesel market is deteriorating, a concerning economic signal and food for thought for bullish oil traders.
Report: Drug Clearinghouse Creates Advantages, Challenges for Industry
On Nov. 18, the Federal Motor Carrier Safety Administration will start notifying state licensing agencies when a driver licensed in a state is newly prohibited in the Drug & Alcohol Clearinghouse.
April 18, 2024March Trailer Orders Continue Year-Over-Year Declines
U.S. trailer orders for March declined on both an annual and monthly basis, ACT Research reported.
Philadelphia Judge Rejects $25M Jury Verdict in Truck Crash
A state judge of the Philadelphia Court of Common Pleas in March erased a “clearly inappropriate” $25 million jury verdict for punitive damages in a 2019 truck-involved accident lawsuit.
US Has a Fast EV-Charging Station for Every 15 Gas Stations
Automakers may be pumping the brakes on EV production in the U.S., but charging challenges — traditionally a major hurdle to adoption — are vanishing at a rapid clip.
Ford’s Commercial Business Is Defying the EV Slump
Demand from fleet-based vehicle operators is a lone bright spot for the EV industry as global sales sputter.
US to Provide $6.1 Billion for Micron Technology Chip Plants
WASHINGTON — The Biden administration has reached an agreement to provide $6.1 billion in government support for Micron Technology to produce advanced memory computer chips.
Firms Fret Over Any Lengthy Baltimore Port Closure
The closure of the Port of Baltimore has so far not led to broad price increases, though firms are concerned about any extended shutdown, according to a Federal Reserve report.
US Reimposes Oil Sanctions on Venezuela
MIAMI — The Biden administration on April 17 reimposed crushing oil sanctions on Venezuela.
CSX Profit Drops 10% Despite 3% More Q1 Freight
CSX’s first-quarter profit slipped 10% even though the railroad delivered 3% more goods, as the mix of shipments it handled shifted toward less profitable items.