Business
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.
ODFL Reports Q1 Revenue and Earnings Growth
Old Dominion Freight Line experienced growth in revenue and earnings for the first quarter of 2024, the company reported April 24.
EDI for Trucking: Everything You Need to Know
Discover the transformative power of EDI for Trucking with Truckbase. Learn how seamless EDI integrations enhance data accuracy, operational efficiency, and customer satisfaction for asset-based carriers.
Biden Makes $11 Billion Push to Beat China at Chip Research
The Biden administration is trying to turn cutting-edge semiconductor research into a more enticing field for Americans.
Traton Maintains Battery-Electric Decarbonization Focus
Navistar parent company Traton is standing firm in its belief that battery-electric trucks are the best alternative for trucking fleets looking to decarbonize their operations.
Norfolk Southern Reports Lower Earnings After Settlement
Norfolk Southern’s first-quarter earnings report gave the railroad the opportunity to publicly defend CEO Alan Shaw’s strategy again before investors decide on May 9 whether to back him.
Biden Advances Plan to Make Freight Shipping Carbon-Free
The Biden administration is laying out more of its vision for decarbonizing the freight industry, including plans for standardizing charging infrastructure for electric trucks.
Buttigieg Announces Infrastructure Funds
Assuring the country about the Biden administration’s efforts to improve connectivity along mobility corridors is atop Secretary Pete Buttigieg’s spring agenda.
Tesla to Cut More Than 6,000 Jobs in Texas, California
Tesla Inc. plans to cut more than 6,000 jobs across Texas and California as part of CEO Elon Musk’s demand to slash more than 10% of the global workforce.
Lower Used Truck Prices, Weak Rental Market Hurt Ryder Profits
Ryder's profits fell in the first quarter on sharply lower used tractor and truck prices and weak rental market conditions, the company said April 23, but saw a boost from recent acquisitions.
Truck Body Repair Collaborations Help Streamline Planning
Repairing the body on a Class 8 truck is a process of handling moving parts while performing a proper assessment and eventually restoring the unit to a safe, roadworthy state as quickly as possible.
Baltimore Port to Open Deeper Channel
Officials plan to open a deeper channel for commercial ships to access the Port of Baltimore starting April 25, marking a significant step toward reopening the major maritime shipping hub.