The Panama Canal is lifting restrictions that caused a global shipping bottleneck as water levels normalize after a severe drought.
August 27, 2024Trucking 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.
Panama Canal Eases Limits That Caused Shipping Bottleneck
Key Bridge Insurer Pays Maryland Agency $350 Million
The Maryland Transportation Authority received a $350 million insurance payout from Chubb, the Key Bridge’s insurer, to be applied to cleanup and rebuilding the span that collapsed in March.
August 27, 2024Peterbilt 579 EV to Transport Honda Vehicles in Alabama
A Peterbilt 579 EV developed to transport newly built Honda vehicles from the company’s Lincoln, Ala., plant was unveiled Aug. 26 after a yearslong development process.
August 27, 2024Port of Seattle Investigates Cyberattack at Airport
SEATTLE — An apparent cyberattack disrupted internet, phones and other systems at Seattle-Tacoma International Airport for a third day as Port of Seattle officials worked to restore service.
August 27, 2024Kroger-Albertsons Deal Heads to Court With Food Price Focus
Kroger Co. and Albertsons Cos. are finally getting their day in court. Nearly two years after the acquisition was announced, the grocery giants on Aug. 26 started a federal court hearing in Portland, Ore., on the U.S. Federal Trade Commission’s bid to block the $24.6 billion deal.
August 26, 2024Estes Purchases Seven Former Yellow Terminals
Estes has closed on lease purchases for seven terminals across the country that used to belong to the defunct carrier Yellow Corp., the company announced Aug. 22.
August 26, 2024US Oil Dominance Hinges on Quiet Corner of New Mexico
Two New Mexico counties accounted for 17% of all onshore oil output in the contiguous U.S. last year.
August 26, 2024Exxon Sees 2050 Oil Use at Current Level
Exxon Mobil forecasts global oil demand in 2050 will be the same — or slightly higher — than current levels, putting efforts to reach net-zero carbon emissions by midcentury well out of reach.
August 26, 2024Canada Imposes a 100% Tariff on Imports of Chinese-Made EVs
Canada will impose a 100% surtax on all Chinese-made electric vehicles beginning Oct. 1 in a series of measures aimed at cracking down on what the country views as unfair trade practices.
August 26, 2024Back-to-Work Order Issued for Two Major Canada Railroads
TORONTO — The Canadian arbitrator appointed to resolve a railroad labor dispute to protect the North American economy has ordered employees at two major railroads back to work.
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