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.
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.
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.
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.
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.
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.
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.
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.
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, 2024Carriers 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.
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.