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.
TFI Profit Falls 17.1% on ‘Worse Than Expected’ Market
Profits at TFI International fell 17.1% year-over-year in the first quarter of 2024 on the back of what CEO Alain Bédard said was a particularly weak freight environment.
Truckbase Business Overview, Features, Reviews 2024
Truckbase has emerged as the next-generation truck dispatch software leader with its suite of easy-to-use tools for truckload carriers.
Universal Logistics Reports 12.5% Revenue Boost for Q1
Universal Logistics Holdings well surpassed expectations with both revenue and earnings increasing year-over-year during the first quarter of 2024, the company reported.
Commercial Hydrogen Fueling Station to Open in California
OAKLAND, Calif. — FirstElement Fuel will open what it is calling the world’s first heavy-duty high-flow hydrogen fueling facility to the public in May.
BNSF Signs On to Federal Safety Hotline for Some Workers
OMAHA, Neb. — BNSF will become the second major freight railroad to allow some of its employees to report safety concerns anonymously through a federal system without fear of discipline.
NHTSA Investigates Whether Tesla Autopilot Recall Did Enough
DETROIT— The U.S. government’s auto safety agency is investigating whether last year’s recall of Tesla’s Autopilot driving system did enough to make sure drivers pay attention to the road.
Exxon, Chevron Fall as First-Quarter Earnings Miss Estimates
Exxon Mobil and Chevron declined after disappointing first-quarter performances despite posting strong production gains in marquee oil projects in Guyana and the Permian Basin.
Intermodal Chassis Manufacturers Pull Back on Output
Intermodal chassis manufacturers are scaling back production as a result of weak demand as well as a supply overhang, company executives said.
Truck, Trailer Reefer Weakness Hurts Carrier Global Profits
Carrier Global profits dropped in the first quarter of 2024, with results hurt by weaker North American truck and trailer refrigeration sales, the company said April 25.
Liquid Hydrogen Fast-Fill Pumps Promise Speedy Fueling Times
OAKLAND, Calif. — Hydrogen fuel cell technology holds significant promise for over-the-road trucking applications, but refueling with hydrogen can be complex, experts said at an event.
NTSB Nominee Homendy on Senate Panel’s Agenda
A vote on the nomination of Jennifer Homendy to continue her term as chairwoman of the National Transportation Safety Board is on a Senate panel’s calendar.