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.
Our Electric Future: You Don’t Have to See It to Believe It
A phrase from a song came to mind when I entered any discussion last year about electric vehicles and the impending infrastructure challenges: “It’s electric!”
Industry Needs Agreement on Future of Trailer Connections
The trucking industry would benefit from stakeholders agreeing on a common tractor-trailer connection going forward.
VMRS Portal Is Nearly Here
The Vehicle Maintenance Reporting Standards system is undergoing major updates, including an online portal and codes for electric vehicles.
Strong Job Growth Continues With 353,000 Added in January
WASHINGTON — U.S. employers delivered a stunning burst of hiring to begin 2024, adding 353,000 jobs in January in the latest sign of the economy shrugging off a period of high interest rates.
Amazon Beats Revenue and Profit Expectations for Q4
Amazon on Feb. 1 reported better-than-expected revenue and profits for the fourth quarter, driven by strong consumer spending during the holiday shopping season.
Eaton Q4 Profit Jumps 31% on Record Revenue
Profit at Eaton Corp. jumped 31% year-over-year in the fourth quarter of 2023, powered by higher revenue at both its largest and smallest reporting units — Electrical Americas and eMobility.
House Passes Tax Bill Amid Budget Negotiations
A comprehensive tax measure advanced in the U.S. House of Representatives on Jan. 31 as congressional leaders continue to negotiate fiscal 2024 transportation funding legislation.
Revoy Launches Atypical EV for Class 8 Freight Market
A Bay Area startup launched an electric add-on unit that will convert an existing Class 8 diesel vehicle into a hybrid without changes to the tractor.
Schneider Reports 12% Revenue Decline for Q4
Schneider National experienced a year-over-year decline in profits as well as revenue during the fourth quarter of 2023, the company reported Feb. 1.
Used Truck Sales in December Drop 7% From Prior Year
Used Class 8 truck sales in December declined by 7.1% from the same period the prior year, ACT Research reported.