Transportation 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.
Biden Again Calls on Congress to Support Baltimore
President Joe Biden urged lawmakers to approve funds for rebuilding the Port of Baltimore area during Congress’ post-election work period.
October 30, 2024DSV Secures $5.4 Billion in Bonds for DB Schenker Deal
The Danish transport company sold a six-part bond deal with maturities ranging from two to 10 years, according to a person familiar with the matter.
October 30, 2024VW Proposes 10% Pay Cut in Effort to Avoid Factory Closures
Arne Meiswinkel, the automaker’s chief negotiator, said the plan includes a 10% pay cut and revised bonus system. The measures aim to strengthen the VW brand.
October 30, 2024OPEC+ Won’t Bring Back Oil Production This Year, Rystad Says
OPEC and its allies aren’t likely to bring oil output back this year because producers are “making huge money” from refined products, according to Rystad Energy.
October 30, 2024Trucking Stakeholders Tackle Biggest Cybersecurity Concerns
CLEVELAND — Trucking is dealing with an evolving cybersecurity environment that raised concerns among industry experts during a panel discussion Oct. 28.
October 30, 2024Rust Belt Sees Boom in EV Charging
As electric car sales pick up pace far from the U.S. coasts, a wave of new fast-charging stations is coming online from the Rust Belt down to the Deep South.
October 30, 2024Stellantis Pauses Production at Detroit Assembly Complex
Stellantis continued to slash vehicle production and cut jobs in the United States this week, including at the automaker’s Detroit Assembly Complex.
October 30, 2024Daimler Truck Says It’s Reviewing China Operations
BERLIN — German commercial vehicle manufacturer Daimler Truck has announced it is reassessing the future of its operations in China.
October 30, 2024Refrigerated Rates’ Near-Term Upside Likely Limited: FTR
Rates will improve in 2025, however, as will volumes, FTR Vice President of Trucking Avery Vise said during the research group’s Q4 2024 Food Industry Economic and Transportation Update.
October 30, 2024Recruiting Professional of the Year 2024
It’s time to get ready for you to start receiving nominations for the 2024 Transport Topics Recruiting Professional of the Year.
October 30, 2024Trending
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