The war in Ukraine will put further pressure on grain-importing countries in Africa and Asia as a reduced number of vessels for delivering cargoes drives up shipping rates, according to the head of the International Chamber of Shipping.
April 19, 2022Trucking 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.
Walmart Will Run Forklifts on 鈥楪reen鈥 Hydrogen in Plug Power Deal
Plug Power Inc.鈥檚 bid to become a major supplier of carbon-free hydrogen just won the backing of one of the company鈥檚 oldest customers: Walmart Inc.
April 19, 2022J.B. Hunt Reports Jump in Revenue for Q1
J.B. Hunt Transport Services Inc. experienced a 33% increase in revenue year-over-year for the first quarter of 2022, the company reported April 18.
April 18, 2022STB Approves Pan Am Railways Merger With CSX
Pan Am Railways, Maine鈥檚 largest rail operator, will merge with Jacksonville, Fla.-based CSX Transportation, the fourth-largest rail transportation company in the U.S.
April 18, 2022XPO to Open LTL Terminals in California, Georgia
XPO Logistics Inc. will expand its less-than-truckload network with the openings of two terminals, the company announced April 18.
April 18, 2022After Removing 500 Containers, Ever Forward Moves Forward
BALTIMORE 鈥 A containership the length of more than three football fields has finally been pried from the muddy bottom of the Chesapeake Bay more than a month after it ran aground.
April 18, 2022Biden to Require US-Made Steel, Iron for Infrastructure
WASHINGTON 鈥 The Biden administration is taking a key step toward ensuring that federal dollars will support U.S. manufacturing 鈥 issuing requirements for how projects funded by the $1 trillion bipartisan infrastructure package source their construction material.
April 18, 2022Congress Seeks Compromise to Boost Computer Chip Industry
WASHINGTON 鈥 A global computer chip shortage has made it harder for consumers to get their hands on cars, computers and other modern-day necessities, so Congress is looking to boost chip manufacturing and research in the United States with billions of dollars from the federal government.
April 18, 2022AOI Capital Acquires RK Logistics Group
Third-party logistics company RK Logistics Group announced April 15 that it has been acquired by a group of investors led by the investment firm AOI Capital.
April 18, 2022Rivian鈥檚 EV Factory Remains Constrained by Chip Shortage
Rivian Automotive Inc.鈥檚 鈥渓aunch mode鈥 is impressive 鈥 at least on its trucks. The assembly lines are perfectly capable of cruising speed; they just need more computer chips.
April 18, 2022Trending
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