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.
Cummins Q2 Profit Rises on Higher Generator, Engine Sales
An increase in sales of power generators and heavy-duty truck engines boosted profits at Cummins Inc. in the second quarter of 2024, the company said Aug. 1.
British Columbia Investing in Hydrogen Hub on Highway 16
Canada’s British Columbia will grant $108,000 to develop a regional hydrogen hub to support business development along its western Highway 16 freight corridor from central Prince George to the Pacific Coast.
Schneider Q2 Profit Slumps as Intermodal, Logistics Revenue Falls
Schneider National profit in the second quarter of 2024 slumped 54% as price increases failed to arrive as early as the carrier expected and ongoing freight market weakness saw intermodal and logistics revenue decline.
OPEC Kept Oil Output Steady in July
OPEC kept oil production broadly steady in July while it cautiously monitors the impact of its latest cutbacks on global markets.
August 2, 2024US Trucking Embraces Renewable Diesel for Cleaner Operations
Renewable diesel as a drop-in fuel for diesel combustion engines is starting to gain traction in the U.S. trucking industry, said suppliers, distributors and federal energy researchers.
NTSB Wants to Replace Weak Railroad Tank Cars
The fiery North Dakota derailment that burned for days early last month was the latest train crash to involve the flawed tank cars that the NTSB has been trying to get off the tracks for decades.
Future of Combustion Engines Promises Efficiency, Green Fuels
Advanced researchers and engine makers say the internal combustion engine’s ability to be more efficient and run on greener fuels means an extended life.
Chevron to Quit California for Texas After Warning on Rules
Chevron Corp. is relocating headquarters to Houston from California after repeatedly warning that the Golden State’s regulatory regime was making it a tough place to do business.
Exxon Mobil Profit Rises on Pioneer Acquisition
Exxon Mobil recorded one of its largest Q2 profits in a decade on surging quarterly production from oil and gas fields, as well its $60 billion acquisition of Pioneer Natural Resources.
NACFE Report Explores Fleets Fueling With Natural Gas
The North American Council for Freight Efficiency produced a confidence report to assist fleet decision-makers in making informed choices on whether to switch to natural gas fuel.