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, Logistics

Old Dominion Sees First Year-Over-Year Revenue Drop in 2024

Old Dominion Freight Line experienced a slight decline in third-quarter revenue amid ongoing market softness, the company reported Oct. 23.

Connor D. Wolf | Staff Reporter
October 23, 2024
Government, Business, Technology, Equipment, Fuel

Birla Carbon to Open $1B Graphite Plant in South Carolina

The company will build a 435,000-square-foot facility in Orangeburg County to launch next-generation synthetic graphite production operations.

Noël Fletcher | Staff Reporter
October 23, 2024
Government, Business, Logistics, Perspective

Perspective: Trucking Comes Through in Times of Need

In the worst moments, truckers are among the first to arrive, bringing lifesaving medication, water and food, writes new American Trucking Associations Chairman Dennis Dellinger.

Dennis Dellinger | Chairman, American Trucking Associations
October 23, 2024
Business, Technology, Equipment, Fuel

NACFE: Early Electric TRUs Show Promise; Struggle With Costs

The research, published Oct. 18, marked NACFE’s first analysis of alternatives available to fleets, with the introduction of all-electric TRUs in its early stages.

Keiron Greenhalgh | Staff Reporter
October 23, 2024
Business, Technology, Fuel

Hyundai Testing Novel Hydrogen Production

Hyundai’s plant in Georgia has been running its internal logistics operations using hydrogen and the automaker has been testing domestic production of the fuel using biogas from food scraps.

Heesu Lee | Bloomberg News
October 23, 2024
Government, Business, Equipment, Private

American Tire Seeks Bankruptcy After Deal With Lenders

American Tire Distributors, which sought bankruptcy protection in 2018 after the defection of two major manufacturers, has filed for Chapter 11 again as it considers a sale process to cut debt.

October 23, 2024
Business, Logistics, Global Freight

DSV to Kick Off Bond Sale Early to Finance DB Schenker Deal

Danish transport company DSV will start a large bond sale as soon as this year to help pay for its $15.4 billion takeover of DB Schenker ahead of an expected completion in 2025.

Christian Wienberg | Bloomberg News
October 23, 2024
Government, Business, Technology

FAA Issues Rule That Moves Air Taxis Closer to Takeoff

Federal regulators gave a strong push to electric-powered air taxis Oct. 22 by issuing a final rule for operating the aircraft and how pilots will be trained to fly them.

October 23, 2024
Government, Business, Technology, Safety

Carriers Feel Insurance Premium Pinch as Cargo Theft Climbs

When it comes to cargo theft, thieves can — and do — steal anything.  As more cargo goes missing, insurance premiums for policies to cover the losses start edging higher.

Amanda Smith-Teutsch | Special to Transport Topics
October 22, 2024
Government, Business, Safety

Colorado OKs Tax Relief for Hurricane-Affected Residents

“Tax deadlines should be the last thing that families impacted by these natural disasters are worried about,” Colorado Gov. Jared Polis said.

Noël Fletcher | Staff Reporter
October 22, 2024