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, Logistics, Top 50, Top 100

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.

Connor D. Wolf | Staff Reporter
October 21, 2020
Government, Business, Logistics

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.

Joe Mayes | Bloomberg News
October 21, 2020
Business, Logistics

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.

Gabrielle Coppola | Bloomberg News
October 21, 2020
Business, Top 100

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.

Connor D. Wolf | Staff Reporter
October 21, 2020
Government, Business

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.

Erik Wasson and Billy House | Bloomberg News
October 21, 2020
Business, Technology, Fuel

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.

Ed Ludlow | Bloomberg News
October 21, 2020
Business, Logistics, Top 50

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.

Dan Ronan | Senior Reporter
October 21, 2020
Business, Technology, Equipment, Safety, Fuel

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.

Roger Gilroy | Senior Reporter
October 21, 2020
Business, Safety

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.

Eric Miller | Senior Reporter
October 21, 2020
Government, Business, Safety

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.

Eleanor Lamb | Staff Reporter
October 20, 2020