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.
Landstar System Reports Net Income, Revenue Increase for Q3
Landstar System Inc. saw net income reach $61.9 million during the third quarter of 2020, the company reported Oct. 21.
Tesla, Heinz Hit Brexit Snag in UK
Household-name companies including Tesla Inc. and Kraft Heinz Co. are racing to avoid a Brexit crisis at year-end, as a shortage of customs brokers threatens their ability to move goods between Britain and the European Union.
Top US Dealer Warns Automakers Are Missing Resupply Deadlines
AutoNation Inc., the largest U.S. car retailer, is warning new-vehicle inventories remain thin as automakers miss resupply deadlines, which may mean fewer choices and higher prices for buyers.
Knight-Swift Posts Q3 Increases in Earnings, Revenue
Knight-Swift Transportation Holdings Inc. saw net income and revenue increase during the third quarter of 2020, the company reported Oct. 21.
Pelosi, Mnuchin Near a Deal, With Post-Election Vote Floated
White House Chief of Staff Mark Meadows said the goal in talks with House Speaker Nancy Pelosi is a deal on a coronavirus relief package within the next 48 hours.
GM ‘Going Forward’ With Nikola Partnership Talks on Trucks
General Motors Co. is moving ahead in its talks with startup Nikola Corp. over a proposed partnership to make electric and fuel cell powered trucks, a senior executive at the Detroit automaker said.
Canadian National Reports Q3 Drop in Earnings, Revenue
For the second consecutive quarter, Canadian National Railway felt the impact of the COVID-19 pandemic when the Class I, Montreal-based railroad announced third-quarter earnings Oct. 20.
Allison Gears Up for E-Axles
Allison Transmission Inc., widely known for its medium- and heavy-duty fully automatic transmissions, announced the launch of eGen Power, its series of zero-emission electric axles.
Plaintiff Lawyers Target Trucking Company Safety
A recent study that explored the skyrocketing rise in jury awards against trucking companies went beyond the numbers to seek expert input on what fleets can do to protect themselves.
Kansas DOT Updates Information Website Used by Truckers
The Kansas Department of Transportation has updated KanDrive, its traveler information website that includes roadway and traffic condition details for truckers and passenger vehicle drivers.