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

Kenan Advantage Group Enters Dry Bulk Sector

Kenan Advantage Group bought Northern Dry Bulk for an undisclosed sum, marking its first major foray into dry bulk haulage, the top-ranked tank transporter said.

Keiron Greenhalgh | Staff Reporter
February 15, 2024

Infographic: Ryder’s Foundation for a Successful Freight Brokerage

Globally, supply chains are facing unprecedented levels of disruption. As a result, shippers and carriers are challenged more than ever to keep goods moving while remaining profitable. While most brokerages point to technology as the key to achieving success, today’s setbacks have proven that technology alone isn’t enough.

Government, Business, Logistics

Update: 2024 Top 100 Truck Bottlenecks List Sees Congestion Increasing

Fuel card skimming is on the rise. Read Dan Calabrese's report on what trucking fleets can do to thwart cyber criminals who engage in this high tech theft.

February 15, 2024

TT Podcasts: RoadSigns

COMTO's April Rai offers tips to increase workforce diversity and grow profits.

February 15, 2024
Business, Equipment

Allison Q4 Profit Rises 21% on Vocational Strength

Allison Transmission Holdings Inc. profits increased 21% year-over-year in the fourth quarter of 2023 behind North American Class 8 vocational truck market strength.

Keiron Greenhalgh | Staff Reporter
February 15, 2024
Government, Business

Retail Sales Fall 0.8% in January After Busy Holiday Season

NEW YORK — Americans pulled back their spending more than expected in January after the traditional holiday season splurge, Commerce Department data showed Feb. 15.

Anne D'Innocenzio | Associated Press
February 15, 2024
Business, Technology, Safety, Autonomous

GM Nearly Doubling Area Where Automated System Is Usable

DETROIT — General Motors is adding about 350,000 miles of roadways in the U.S. and Canada to the area where drivers can use the company’s “Super Cruise” partially automated driving system.

February 15, 2024
Government, Business, Equipment, Safety

Underride Committee May Ask for New Rear Guard Rule

A specially appointed committee reviewing truck underride guard safety is weighing whether to recommend that federal regulators toughen a 2022 rule on rear underride guards.

Eric Miller | Senior Reporter
February 14, 2024
Government, Business, For-Hire

Knight-Swift Adds 10 More Leased Yellow Terminals to Haul

Knight-Swift Transportation Holdings Inc. extended its winning streak in auctions of former Yellow Corp. terminals, strengthening its less-than-truckload operations.

Keiron Greenhalgh | Staff Reporter
February 14, 2024
Business, Technology, Fuel

California Expanding Fleet of Hydrogen Passenger Trains

The California Department of Transportation announced on Feb. 14 a $127 million agreement with Stadler Rail AG to expand its fleet of zero-emission, hydrogen-powered passenger trains.

Maxwell Adler | Bloomberg News
February 14, 2024
Business, Technology

Ford Sees ‘Colossal’ Competitive Threat in Chinese EVs

Ford Motor Co. sees low-cost Chinese electric vehicles as a “colossal strategic threat” that will arrive on U.S. shores, as automakers already confront shaky consumer demand for EVs.

Keith Naughton | Bloomberg News
February 14, 2024