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.
Landstar Reports 28% Revenue Decline for Q4
Landstar System Inc. posted declines in net income and revenue during the fourth quarter of 2023, the company reported Jan. 31.
LTL Carrier Roadrunner Announces Service Expansion
Less-than truckload carrier Roadrunner on Jan. 31 announced a significant expansion of its network with plans to add new lanes.
ClearFlame Eyes Jump in Ethanol-Powered Truck Use After Sale
ClearFlame Engine Technologies expects to deploy as many as 30 of its ethanol-fueled Class 8 trucks through the end of 2024, CEO BJ Johnson told Transport Topics.
US Factory Gauge Climbs to Highest Since 2022
A measure of U.S. factory activity climbed to a 15-month high in January, fueled by the strongest orders growth since May 2022 and suggesting manufacturing is starting to stabilize.
Trucking Engaged in Tech Arms Race Against Cargo Criminals
The trucking industry has become embroiled in a technological arms race as the threat of cargo thefts rapidly rises and evolves.
Ryder to Acquire Cardinal Logistics
Ryder System Inc. is acquiring Cardinal Logistics in a deal that will add 2,900 power units, 3,400 drivers and 200 operating locations to its existing network.
China Overtakes Japan as Top Auto Exporter in 2023
TOKYO — Data from a Japanese auto industry association shows that China overtook Japan as the world’s largest vehicle exporter last year.
February 1, 2024$2 Million Michigan Grant Helps Fifth Wheel Freight Expand
Michigan Gov. Gretchen Whitmer recently touted a $2 million grant to Fifth Wheel Freight as an example of economic development funds strengthening the state’s supply chain network.
House T&I Presses White House to Safeguard Supply Chain
House transportation policymakers renewed calls for the Biden administration to enhance its response to growing supply chain concerns.
FMCSA Weighs Commercial Driver License Streamlining
Federal trucking regulators are proposing to speed up the process for obtaining a commercial driver license by removing a number of regulatory restrictions.