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, Fuel

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.

Kevin Crowley | Bloomberg News
April 26, 2024

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.

Business, Equipment, For-Hire

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.

Keiron Greenhalgh | Staff Reporter
April 25, 2024
Business, Equipment

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.

Keiron Greenhalgh | Staff Reporter
April 25, 2024
Business, Technology, Fuel

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.

Mindy Long | Special to Transport Topics
April 25, 2024
Government, Business, Safety

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.

Eugene Mulero | Senior Reporter
April 25, 2024
Business, Logistics

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.

Connor D. Wolf | Staff Reporter
April 25, 2024
Business, For-Hire

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.

Connor D. Wolf | Staff Reporter
April 25, 2024
Business

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, 2024
Business, For-Hire

Mullen 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.

Connor D. Wolf | Staff Reporter
April 25, 2024
Business, Equipment, Fuel

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.

Keiron Greenhalgh | Staff Reporter
April 25, 2024