Business

About 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.

Business

How to Optimize Cash Flow

Program Aired: July 25, 2 p.m. ET Find out how you can expedite the freight payment process and optimize cash flow. Tiffany Anderson, Senior Product Manager at U.S. Bank, joins TT's Joe Howard for a special one-on-one conversation to discuss her experience creating a smarter, more sustainable invoice life cycle and offer her insight on financial trends across the supply chain.  

July 25, 2024
Business, Equipment

COMING SOON: Coordinate - Learning Sessions for Equipment and Maintenance Executives

Parts supply chain management requires the precise coordination of a number of ingredients - sourcing the right parts, keeping your inventory up-to-date, maintaining your distribution network and more. Understanding the anatomy of the parts supply chain is key to meeting your current challenges and finding opportunities for optimization. What can you do to improve how you source parts? How proactive do you need to be in managing your inventory? And, does greater visibility into the links of the supply chain mean greater efficiency? 

August 13, 2024
Business, Technology, Equipment, Safety

Traton Q2 Profits Rise 4.4% Despite Navistar’s Mirror Woes

Traton’s profits rose in Q2 2024 as higher prices and South American demand trumped a slump in truck sales for Navistar’s International Trucks brand due to a shortage of mirrors.

Keiron Greenhalgh | Staff Reporter
July 26, 2024
Business, Equipment, Safety

Road to NTDC Spotlight: Nate Lewis

For Nate Lewis, the National Truck Driving Championships is an occasion to celebrate his family's trucking legacy. The next chapter will be written in Indianapolis.

Eugene Mulero | Senior Reporter
July 26, 2024
Business, For-Hire

TFI to Put LTL, Truckload Units on Diets as Q2 Profit Falls

TFI International is cutting costs across both its Less-Than-Truckload and Truckload businesses amid what CEO Alain Bédard described as a stubbornly lackluster freight environment.

Keiron Greenhalgh | Staff Reporter
July 26, 2024
Business, Fuel

Oil Drilling Recovery Unlikely This Year, Baker Hughes Says

Baker Hughes Co. lowered its expectations for U.S. shale activity, saying an anticipated recovery in oil drilling is no longer likely this year.

David Wethe | Bloomberg News
July 26, 2024
Business, Equipment, Logistics, For-Hire, Top 100

Ryder Posts Q2 Profit Surge, Revenue Up 10% on Leasing Gains

Profits and revenues at Ryder System Inc. increased in the second quarter of 2024 on the back of higher returns from its leasing and maintenance program, the integration of the Cardinal Logistics acquisition and the absence of an accounting charge taken in the year-ago period.

Keiron Greenhalgh | Staff Reporter
July 26, 2024
Business, Global Freight

CMA CGM Reports Solid Volumes, Sees Rates Peaking

CMA CGM SA reported a second-quarter jump in cargo volumes and signaled freight rates have probably peaked for now despite bottlenecks at Mediterranean ports.

Tara Patel | Bloomberg News
July 26, 2024
Government, Business

Fed’s Preferred Inflation Gauge Cools

WASHINGTON — The Federal Reserve’s favored inflation measure remained low last month, setting the stage for the Fed to begin cutting interest rates this fall.

Christopher Rugaber | Associated Press
July 26, 2024
Government, Business, Safety, Logistics

Norfolk Southern Profits Lifted by Insurance Payments

Norfolk Southern got a boost during the second quarter from insurance payments related to last year’s disastrous derailment, but it also made progress on its own.

Josh Funk | Associated Press
July 25, 2024