Business

About Business News...
Business, Logistics, Top 100

Strong Segment Growth Drives Knight-Swift Q3 Results

Knight and Swift trucks Knight-Swift Transportation

Knight-Swift Transportation Holdings reported third-quarter revenue and earnings improvements that were driven by strong segment growth.

Connor D. Wolf | Staff Reporter
October 20, 2021
Business

Marten Reports Record Revenue for Q3

Marten Transport truck Marten Transport's total operating revenue improved 16.3% to a record $251.3 million from $216 million in the third quarter of 2020. (Marten Transport)

Marten Transport reported record revenue for the third quarter, the company announced Oct. 19.

Connor D. Wolf | Staff Reporter
October 20, 2021
Government, Business, Technology, Equipment, Logistics

Infrastructure Battle Puts China Chip Bill on Back Burner

chips A 300mm silicon wafer at a display area in the semiconductor fabrication (fab) plant, operated by Robert Bosch GmbH in Dresden, Germany. (Krisztian Bocsi/Bloomberg News)

A bipartisan push to make the U.S. more competitive with China and bolster domestic chip production risks falling by the wayside as Congress grapples with a packed year-end agenda in an ever-more-divided Capitol.

Daniel Flatley | Bloomberg News
October 20, 2021
Government, Business, Safety, Fuel

Baker Hughes Joins Halliburton in Ida-Fueled Oil Services Hit

Baker Hughes Damage caused by Hurricane Ida in Port Fourchon, La. (Luke Sharrett/Bloomberg News)

Another disappointment to jolt the oil services sector: Baker Hughes Co. reported a third-quarter earnings stumble that included pain from Hurricane Ida and a warning of hampered growth for oil demand.

David Wethe | Bloomberg News
October 20, 2021
Government, Business, Technology, Equipment, Safety

NHTSA Deputy Steven Cliff to Be Nominated as Administrator

Highway Traffic on an Arizona highway. (Arizona DOT via YouTube)

A former California pollution regulator is being nominated to run the nation’s highway safety agency.

Tom Krisher | Associated Press
October 20, 2021
Government, Business, Safety, Logistics

Union Pacific, Unions Sue Each Other Over Vaccine Mandate

Union Pacific Workers inspect a Union Pacific locomotive. (Ken James/Bloomberg News)

OMAHA, Neb. — Union Pacific and its labor unions are suing each other to determine whether the railroad has the authority to require its employees to get vaccinated against the coronavirus.

Josh Funk | Associated Press
October 20, 2021
Business, Logistics

CN Railway CEO Ruest to Retire

Jean-Jacques Ruest, president and chief executive officer of Canadian National Railway Co. Jean-Jacques Ruest, president and chief executive officer of Canadian National Railway Co. (Christine Muschi/Bloomberg News)

The embattled CEO of Canadian National Railway announced his retirement on Oct. 19, the same day the company posted financial gains during a third quarter that saw its attempt to merge with Kansas City Southern fall apart.

Dan Ronan | Associate News Editor
October 19, 2021
Government, Business

Biden Focuses on Climate, Families in Trimmed $2 Trillion Plan

Rep. Pramila Jayapal (D-Wash.), the chair of the Congressional Progressive Caucus, surrounded by other lawmakers. Rep. Pramila Jayapal (D-Wash.), the chair of the Congressional Progressive Caucus (center) and other lawmakers speak with the press Oct. 19. (Susan Walsh/Associated Press)

WASHINGTON — Scaling down his Build Back Better plans, President Joe Biden on Oct. 19 described a more limited vision to Democratic lawmakers of a $2 trillion government-overhaul package with at least $500 billion to tackle climate change and money for middle-class priorities — child tax credits, paid family leave, health care and free pre-kindergarten.

October 19, 2021
Business, Logistics

Union Pacific Receives Cargo 24/7 Near L.A. Ports

Union Pacific Corp. locomotives and rail cars sit parked at a rail yard in Kansas City. Union Pacific Corp. locomotives and rail cars sit parked at a rail yard in Kansas City. (Whitney Curtis/Bloomberg News)

Union Pacific Corp. has begun receiving trucks around-the-clock at its freight facility near the ports of Long Beach and Los Angeles, extending operating time by about 20 hours a week to help ease cargo congestion.

Thomas Black | Bloomberg News
October 19, 2021
Business, Logistics, Top 100

Hub Group Acquires Choptank Transport

Hub Group logo Hub Group

Intermodal and logistics company Hub Group announced it acquired Choptank Transport Inc., which was founded in 2000 and is a provider of non-asset refrigerated transportation solutions.

Roger Gilroy | Senior Reporter
October 19, 2021

Pages