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, Safety

NTSB Voices Concerns Over Potential Downgrade of Marijuana

NTSB filed comments with DEA expressing concerns that moving marijuana from Schedule I to Schedule III of the Controlled Substances Act could end testing of the drug for truck drivers.

Eric Miller | Senior Reporter
July 25, 2024
Government, Business, Logistics, TCA

Gordie Howe International Bridge Links Detroit to Windsor

DETROIT — The U.S. and Canadian sides of the Gordie Howe International Bridge have been connected, marking the bridge as an official border crossing.

Aya Fayad | The Detroit News
July 25, 2024
Government, Business

Colorado Judge Temporarily Halts Kroger-Albertsons Merger

A Colorado judge issued an order temporarily blocking the proposed $25 billion merger of Kroger Co. and Albertsons Cos., which has been challenged by the state attorney general.

Leah Nylen | Bloomberg News
July 25, 2024
Government, Business, Fuel

Trump Targets Biden Administration’s EV Agenda at RNC

A rollback of policies that former President Donald Trump believes unfairly target fossil fuel-powered vehicles would be among the central priorities he'd tackle if re-elected this fall.

Eugene Mulero | Senior Reporter
July 25, 2024
Government, Business, Safety

Governor Hochul Sued Over NYC Congestion Pricing Freeze

New York Gov. Kathy Hochul was sued over her pause on the city’s traffic congestion pricing plan by an advocacy group that claims she had no legal authority to put the program on hold.

July 25, 2024
Business, Equipment

Stellantis Profit Plunges 48% in First Half of Year

MILAN — Stellantis CEO Carlos Tavares pledged action to tackle problems in North America and elsewhere July 25 after reporting a plunge in first-half earnings.

July 25, 2024
Business, Equipment, Safety

XPO’s Budlowski Secures 13th Trip to NTDC

WINDSOR LOCKS, Conn. — XPO's Ernie Budlowski and Team Connecticut are hoping that their upcoming trip to Indianapolis results in back-to-back championships at NTDC.

Eugene Mulero | Senior Reporter
July 25, 2024
Business, Logistics, Global Freight

Union Pacific Profit Grows 7%

OMAHA, Neb. — Union Pacific delivered 7% growth in its second-quarter profit even though the number of shipments it hauled remained essentially flat.

Josh Funk | Associated Press
July 25, 2024
Government, Business

Economic Growth Increased in Q2 to Healthy 2.8% Annual Rate

WASHINGTON — The nation’s economy accelerated last quarter at a strong 2.8% annual pace, with consumers and businesses helping drive growth despite the pressure of high interest rates.

Paul Wiseman | Associated Press
July 25, 2024
Government, Business, Fuel

Ruling Paves Way to Restart Work on Exxon’s Texas LNG Plant

A bankruptcy judge on July 24 approved a settlement that will allow other companies to finish work on an Exxon gas export project in Texas.

Ruth Liao and Alex Wolf | Bloomberg News
July 24, 2024