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.

Business, Equipment

Task Force Continues to Examine Truck Purchase Agreements

Members of a specially appointed Truck Leasing Task Force recently concluded that many lease-purchase agreements don't give owner-operators a realistic chance to own their trucks.

Eric Miller | Senior Reporter
July 22, 2024
Business, Technology, Logistics, Autonomous

C.H. Robinson Launches AI-Leveraged Load-Matching Platform

C.H. Robinson Worldwide Inc. launched a new load-matching platform aimed at helping carriers improve efficiency, the company announced July 18.

Connor D. Wolf | Staff Reporter
July 22, 2024
Government, Business, Logistics

Illinois Offering Written CDL Tests in Spanish

Illinois is the latest state to offer commercial driver license applicants a written test in Spanish to get more drivers on the road.

Noël Fletcher | Staff Reporter
July 22, 2024
Business, Logistics, For-Hire

Freight Recession Still Squeezing Marten’s Profits, Margins

Profits and margins at Marten Transport continued to weaken in Q2 of 2024, dented by the ongoing industrywide supply-demand imbalance, higher costs and softer freight rates.

Keiron Greenhalgh | Staff Reporter
July 22, 2024
Government, Business, Equipment, Safety

Ontario Targets Predatory Towing Practices

Cracking down on predatory towing, Ontario now requires tow truck drivers and vehicle storage operators to have a certificate to operate in the first such move by a Canadian province.

Noël Fletcher | Staff Reporter
July 22, 2024
Business, Technology, Safety, Logistics, Perspective

Perspective: Using Technology to Protect Cargo From Theft

Cargo theft is often a subtle process, making it difficult to prevent. With cargo thieves relying increasingly on subterfuge, the security apparatus on the shop floor must evolve accordingly.

Frank Matarazzo | CEO, Fusion Transport
July 22, 2024
Government, Business, Technology, Fuel

American Farmers’ Next Hot Commodity Is Canola for Biofuels

A growing number of energy and agriculture firms have been boosting spending in an effort to plant and crush more canola, an oilseed that could play a big role in the renewable fuel markets.

Kim Chipman | Bloomberg News
July 22, 2024
Government, Business, Safety, Fuel

Shipping Gets Dirtier as Houthi Attacks Fuel Longer Voyages

Shipping’s carbon emissions climbed by 23 million tons in the first half of this year, partly as vessels took longer routes to avoid attacks in the Red Sea.

Jack Wittels | Bloomberg News
July 22, 2024
Business, Equipment

Yokohama to Buy Goodyear’s OTR Tire Business for $905 Million

Yokohama Rubber Co. agreed to acquire Goodyear Tire & Rubber Co.’s off-the-road tire business for $905 million as part of the Japanese manufacturer’s global expansion plan.

July 22, 2024
Government, Business, Technology, Fuel

EPA Awards $4.3B to Pollution Reduction Projects in 30 States

WASHINGTON — The Environmental Protection Agency is awarding $4.3 billion in grants to fund projects in 30 states to reduce climate pollution.

Matthew Daly | Associated Press
July 22, 2024