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.
Hermida Anticipates Training, Focus Will Blossom at NTDC
COLUMBUS, Ohio — A surprising new sentiment stirs for FedEx Freight’s Luis Hermida: anticipation. This year’s NTDC is finally here, and Hermida, competing in the twins class, is determined to display his talents.
August 16, 2023Auto Parts Maker Shinhwa Plans Expansion at Alabama Facility
MONTGOMERY, Ala. — An auto parts supplier plans a $114 million investment to expand its facility in Alabama to support the production of electric vehicle parts, Gov. Kay Ivey’s office announced Aug. 15.
August 16, 2023Target Sales Ebb on Inflation, Pride Month Shopper Backlash
NEW YORK — Target’s second-quarter sales were hit by inflation and a negative reaction by some customers, widely publicized on social media, to its Pride merchandise.
August 16, 2023UAW to Vote on Strike Authorization Next Week
DETROIT — About 146,000 members of the United Auto Workers union will vote next week whether to authorize their leaders to call strikes against the Detroit automakers.
August 16, 2023Citadel Acquires Yellow Debt Owned by Apollo, Other Lenders
An affiliate of Ken Griffin’s Citadel has acquired roughly $485 million in Yellow Corp. debt previously owned by Apollo Global Management and other lenders to the bankrupt trucking firm.
August 16, 2023Diesel Price Up Another 13.9¢ to $4.378 a Gallon
Diesel prices climbed another 13.9 cents a gallon for the fourth straight week of a dime-or-more national average surge, according to data from the Energy Information Administration.
August 15, 2023EV Maker VinFast Soars in Nasdaq Debut
VinFast Auto Ltd. soared in its debut as a public company, vaulting its market capitalization beyond that of General Motors Co. as traders flipped shares of the electric vehicle maker.
August 15, 2023Medium-Duty Truck Sales Jump 10.9% in July
U.S. retail sales for medium-duty trucks grew 10.9% in July compared with the year-ago period, according to data from Wards Intelligence.
August 15, 2023NTDC Spotlight: Roland Bolduc, Part 4
Roland Bolduc of FedEx Express will set his sights on his third NTDC title this week. He'll be packing inspiration — and some dogged determination — when he takes the course.
August 15, 2023David Fountain Finds Connections, Camaraderie at NTDC
For FedEx Express’ David Fountain, the grand champion from South Carolina, connecting with fellow drivers is the true essence of American Trucking Associations' annual safety showcase.Â
August 15, 2023Trending
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