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.
TFI Eyes Large Truckload, LTL Acquisitions in 2025, 2026
TFI International’s ongoing acquisition spree is set to accelerate in 2025, with substantial truckload and less-than-truckload deals on the horizon, according to CEO Alain Bédard.
FAA Clears Drone Companies to Operate in Shared Airspace
The FAA has cleared Wing and Zipline to fly their drones simultaneously over the suburbs of Dallas-Fort Worth without visual observers, using technology to keep the drones apart.
Amazon Deemed Responsible for Hazardous Third-Party Items
Amazon is responsible under federal safety law for hazardous products sold on its platform by third-party sellers and shipped by the company, a U.S. government agency ordered July 30.
Modernization Set for North Dakota-Canada Border Crossing
The U.S. General Services Administration has approved a two-year, multimillion-dollar modernization effort at a border crossing between North Dakota and Canada.
ADM’s Profit Shrinks on Crop Market Downturn
Archer-Daniels-Midland Co.’s quarterly profit shrank more than expected as the grain trading giant faces a downturn in crop markets.
Tesla Deploys Fix to 1.85 Million Cars After Hoods Fly Open
Tesla Inc. released a software update to 1.85 million cars in the U.S. to guard against its vehicles’ hoods flying open during driving.
BP to Hand Shareholders $7 Billion on Stock Buybacks
LONDON — Oil giant BP said it will reward shareholders to the tune of $7 billion this year through the purchase of its own stock, even as it reported a 30% decline in profits in the first half of 2024.
July 30, 2024Unprecedented Vocational Truck Demand Drives Allison Profits
Record demand for Class 8 vocational trucks propelled profits and revenue at Allison Transmission Holdings higher in the second quarter of 2024.
Update: Clean Fuels Alliance America to Sue EPA
Clean Fuels Alliance America told the U.S. Environmental Protection Agency that it will sue over the agency’s delay in establishing 2026 biofuel volumes.
July 29, 2024Connecticut Law Will Halt Hefty Tax on Commercial Vehicles
Commercial vehicle owners in Connecticut will be protected from a doubled tax rate that would have happened in October but was avoided due to a recently enacted law by Gov. Ned Lamont.