Higher interest rates are expected to slow inflation and the U.S. economy during the remainder of 2023 and into 2024, before the Federal Reserve reverses course and cuts interest rates.
August 31, 2023Trucking 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.
Amazon, Shopify Open Amazon Logistics Resources to Sellers
Amazon .com Inc. and Shopify Inc. have struck a deal to allow merchants who pay for Shopify’s e-commerce tools to use Amazon’s logistics network.
August 31, 2023Locomotive Manufacturer, Union Agree to End Two-Month Strike
Wabtec and its striking union workers have reached a tentative agreement that could end a two-month strike that saw about 1,400 people walk off the job at its Pennsylvania plant.
August 31, 2023Used Truck Market Can Likely Handle Yellow Liquidation
Used trucks and trailers owned by bankrupt Yellow Corp. are set to come up for auction in unprecedented numbers, but the market can handle it, say observers.
August 31, 2023Florida Starts to Recover as Idalia Rain Hits North Carolina
Florida has started to dig out from the aftermath of Idalia, which weakened to a tropical storm even as it brought heavy rain across Georgia and the Carolinas.
August 31, 2023Composite Use Cuts International SuperTruck II Mass by 60%
Navistar’s International SuperTruck II achieved a 60% reduction in weight compared with the baseline model due to a composite cab and trailer box, TPI Composites said.
August 30, 2023Trucking Urges Zero-Emission Approach That Goes Beyond EVs
Alternatives for reducing emissions that go beyond a federal regulatory push to expand use of battery-electric trucks exist for both near- and longer-term applications, experts said.
August 30, 2023Tyson Foods Reorganizes, Appoints New Supply Chain Chief
Tyson Foods will centralize areas such as transportation and warehousing under fresh meats head Brady Stewart in the food giant’s latest effort to restore profits.
August 30, 2023Hurricane Idalia Swamps Southeast, Closes Highways
Hurricane Idalia made landfall Aug. 30 in Florida as a Category 3 storm and unleashed devastation along a wide stretch of the Gulf Coast.
August 30, 2023Traffic Deaths Fall 3% in First Half of 2023, Report Finds
Traffic fatalities declined by an estimated 3% during the first six months of 2023 while miles traveled by U.S. motorists increased 2.3% across the same period of time, a new report found.
August 30, 2023Trending
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