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

Kroger CFO Departs During Uncertainty on Albertsons Merger

Kroger Co. said Feb. 5 that its chief financial officer is leaving for another company as the supermarket operator waits for regulators’ ruling on its proposed merger with Albertsons Cos.

Jaewon Kang | Bloomberg News
February 6, 2024
Business, Technology

Hertz Plans Cost Cuts After Earnings Miss on EV Adjustment

Hertz Global Holdings Inc. is looking to cut costs after it missed analysts’ fourth-quarter estimates as it sold down its fleet of Tesla Inc. electric vehicles.

David Welch | Bloomberg News
February 6, 2024
Government, Business, Technology, Fuel

FHWA Awards Grants to Develop Charging, Hydrogen Stations

Eyeing heavy truck emissions, the FHWA has awarded nearly half of $622.57 million in new infrastructure grants to megawatt and kilowatt charging and hydrogen fueling projects.

Noël Fletcher | Staff Reporter
February 6, 2024
Business, Technology, Equipment

Volvo Details Engine, Transmission Updates for Redesigned VNL

Volvo Trucks North America on Feb. 6 outlined enhancements to its D13 engine and I-Shift transmission that helped the OEM achieve efficiency gains with its redesigned VNL Class 8 tractor.

Dan Ronan | Senior Reporter
February 6, 2024
Government, Business, Safety

Congress Passes Bill to Protect Moving Privacy

Legislation designed to protect people’s personal information during a move was recently cleared by Congress for President Joe Biden’s signature.

Eugene Mulero | Senior Reporter
February 5, 2024
Business, Technology, Equipment, Logistics

Uber Freight Unveils Pilot for New Scheduling API

Uber Freight is piloting a new scheduling application programming interface that aims to foster seamless communication across its network, the company announced Feb. 5.

February 5, 2024
Business, For-Hire

Auto Stoppages Push P.A.M. Transportation Into Red in Q4

Labor stoppages at automotive manufacturers across the U.S. and a weak freight environment hit profits at carrier P.A.M. Transportation in the final three months of 2023, the company said.

Keiron Greenhalgh | Staff Reporter
February 5, 2024
Government, Business, Fuel

Diesel Price Rises 3.2¢ to $3.899 a Gallon

The national average diesel price bumped up 3.2¢ to $3.899 a gallon, according to Energy Information Administration data for the week of Feb. 5.

Keiron Greenhalgh | Staff Reporter
February 5, 2024
Government, Business, Safety

FMCSA to Delay Heavy Truck Speed Limiters Proposal Until May

The Federal Motor Carrier Safety Administration is delaying until May a controversial proposal to require speed limiters on heavy-duty trucks, according to a regulatory update.

Eric Miller | Senior Reporter
February 5, 2024
Business, For-Hire

Saia Targets Further Expansion Via $1 Billion in 2024 Capex

Saia Inc. expects 2024 to be another year of significant expansion after picking up business and terminals following the implosion of less-than-truckload rival Yellow Corp., executives said.

Keiron Greenhalgh | Staff Reporter
February 5, 2024