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.
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.
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.
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.
Landstar Reports Revenue Decline for Q1
Landstar System Inc. experienced a decline in revenue and earnings during the first quarter of 2024, the company reported April 24.
Knight-Swift Reports Earnings Drop Amid Revenue Growth
Knight-Swift Transportation Holdings saw its first-quarter bottom-line results swing from a profit to a loss.
Update: March Trailer Orders Continue Year-Over-Year Declines
According to ACT Research, U.S. trailer orders for March declined 19% to 13,600 units from 16,800 in the prior-year period, and fell 33.7% from the preliminary total of 20,500 units ordered in February.
April 25, 2024Mullen Group Reports Lower Revenue for Q1
Mullen Group experienced a decrease in revenue and earnings during the first quarter of 2024, the company reported April 25.
Tesla Promises Semi Truck Production to Begin in Late 2025
Tesla Inc.’s touted Class 8 Semi tractor is likely to begin rolling off the company’s Reno, Nev., production line late next year, according to a senior executive.