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, Private

Walmart Posts Strong Q4, Weakens Forecast on Less Spending

NEW YORK — Walmart reported another quarter of great results, ending 2023 on a high note as low prices attract shoppers looking for deals in an economically challenging environment for many.

Anne D’Innocenzio | Associated Press
February 20, 2024
Government, Business, Technology, Equipment, Fuel

Minnesota Report Cautions Against Rush to EV Transition

State lawmakers rushing to jump on the battery-electric vehicle bandwagon for longhaul trucks will create a web of operational roadblocks and other problems, a new report says. 

Noël Fletcher | Staff Reporter
February 20, 2024
Business, Technology, Equipment, Safety, Fuel

TMC Has Full Agenda Planned for Annual Meeting

TMC Executive Director Robert Braswell said challenging technical issues and industry innovation will be in the spotlight March 4-7 in New Orleans.

Dan Ronan | Senior Reporter
February 16, 2024
Government, Business, Technology

Samsara Files Complaint Against Motive With Trade Commission

Alleging that Motive Technologies Inc. has engaged in unlawful patent infringement practices, Samsara Inc. has filed a complaint with the U.S. International Trade Commission.

Eric Miller | Senior Reporter
February 16, 2024
Business, Equipment

Bridgestone Q4 Profit Dives as Truck Tire Demand Slumps

Profits at Bridgestone Corp. dived in the fourth quarter of 2023 on the back of what the Japanese tire manufacturer said Feb. 16 was a remarkable slump in demand.

Keiron Greenhalgh | Staff Reporter
February 16, 2024
Business, Logistics

Universal Logistics Beats Q4 Expectations

Universal Logistics Holdings beat fourth-quarter expectations despite experiencing a year-over-year decline in revenue and earnings, the company detailed Feb. 15.

Connor D. Wolf | Staff Reporter
February 16, 2024
Government, Business

Consumer Sentiment Index Edges Higher in February

WASHINGTON — A measure of consumer sentiment ticked higher this month, after soaring in December and January, underscoring that Americans are starting to feel better about the economy.

Christopher Rugaber | Associated Press
February 16, 2024
Business, Technology

Fleets Use Tech to Aid Communication With Immigrant Drivers

The use of technology-based programs is helping integrate non-native English speakers into truck driving environments.

Nancy Riggs | Special to Transport Topics
February 16, 2024
Government, Business, Technology, TCA

Kia Debuts First Georgia-Made EV at State Capitol

Kia executives met with Georgia Gov. Brian Kemp and state leaders Feb. 13 to show off a historic milestone — the first electric vehicle built in Georgia.

Zachary Hansen | The Atlanta Journal-Constitution
February 16, 2024
Business, Technology, Logistics, For-Hire

Social Media Platforms Open Fleets to Newer Recruiting Pool

Fleets are looking more to social media platforms to increase brand awareness, reach new customers and, increasingly, find new employees.

Amanda Smith | Special to Transport Topics
February 16, 2024