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, Global Freight

Union Pacific Profit Disappoints After Costly Winter Storms

Union Pacific Corp. reported fourth-quarter profit that missed analysts’ estimates as disruptions from winter storms drove up costs.

Thomas Black | Bloomberg News
January 24, 2023

TT Podcasts: RoadSigns

Host Seth Clevenger chats with Torc Robotics CEO Peter Vaughan Schmidt about the realities of autonomous truck technology and how they fit into the freight transportation industry. Second of a three-part series on autonomous vehicles.

Government, Business, Safety, Logistics

Maritime Administration Announces Shipyard Funds

Additional funding is available for officials seeking to modernize operations at small shipyard facilities around the country, the U.S. Department of Transportation recently announced.

Eugene Mulero | Senior Reporter
January 24, 2023
Business, Technology, Equipment

Recharge: Maintenance Learning Sessions

The adoption of electric trucks by fleets would see a more sustainable trucking industry, but is our infrastructure ready to support commercial electric vehicles? And, how has technician training evolved to include EV support and maintenance? Join us for conversations that will help your fleet charge ahead. 

January 24, 2023
Government, Business, Technology

Musk Returns for Day 3 of Tesla Investors Trial

SAN FRANCISCO — Elon Musk returned to the stand for a third day on Jan. 24 in federal court in San Francisco to testify in a trial stemming from a class action lawsuit.

Michael Liedtke | Associated Press
January 24, 2023
Government, Business

Business Activity Shrinks Again in Moderate Contraction

U.S. business activity contracted for a seventh month, though at a more moderate pace, while a measure of input prices firmed in a sign of lingering inflationary pressures.

Augusta Saraiva | Bloomberg News
January 24, 2023
Business, Technology, Equipment, Safety

Paccar Plans Platform Science Integration

Paccar said Jan. 19 it is collaborating with Platform Science to integrate its virtual vehicle platform into its trucks.

January 24, 2023
Government, Business, Fuel

Proposed Update to Renewable Fuel Standard Could Benefit EV Makers

The good news for EV automakers and charging network operators is that changes to an 18-year-old U.S. program that has driven adoption of ethanol and biodiesel is getting a makeover for the electric vehicle age.

Ryan Fisher | Bloomberg News
January 24, 2023
Government, Business, Technology, Equipment

Transport Refrigeration Unit Makers Go Electric

While all-electric transport refrigeration units might seem a relatively new development in the refrigerated transportation segment, the technology has developed over the last 20-plus years.

Gregory Van Tighem | Special to Transport Topics
January 24, 2023
Business, Logistics

Amazon Union Organizer in Alabama Says He Was Fired

An Amazon warehouse worker who helped lead a hotly contested union campaign in Bessemer, Ala., said he was abruptly terminated without explanation.

January 23, 2023
Business, Technology, Equipment, Autonomous, For-Hire

Former USA Truck CEO James Reed Joins Kodiak

Former USA Truck CEO James Reed has joined autonomous truck technology company Kodiak Robotics, the company announced Jan. 19.

January 23, 2023