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, Logistics, For-Hire, Top 100

Forward Air Completes Acquisition of Omni Logistics

Forward Air on Jan. 25 announced the completion of its long-pending acquisition of Omni Logistics, with both companies’ leaders touting the benefits of the merger.

Dan Ronan | Senior Reporter
January 31, 2024
Government, Business, Fuel

Nevada Lands Renewable Diesel Production, Distribution Hub

Nevada Gov. Joe Lombardo approved $11.7 million in tax abatements for Edgewood Renewables to help it create a biofuel refinery hub that would produce renewable diesel and sustainable aviation fuel.

Noël Fletcher | Staff Reporter
January 31, 2024
Business, Top 100

ODFL Reports Slight Revenue Bump to $1.5 Billion for Q4

Old Dominion Freight Line experienced nearly flat earnings and a slight revenue bump to $1.5 billion during the fourth quarter of 2023, the company reported Jan. 31.

Connor D. Wolf | Staff Reporter
January 31, 2024
Government, Business, TCA

Oregon Trucking Stakeholders Sue State Over Road Taxes

The Oregon Trucking Association, along with three trucking firms, has sued the state and its top politicians, alleging that truckers have been charged more than their share of road taxes.

Jayati Ramakrishnan | oregonlive.com
January 31, 2024
Business, Logistics, Global Freight, TCA

Container Boom Leads to Q4 Earnings Dip at Hapag-Lloyd

HAMBURG, Germany — The sharp drop in freight prices following the pandemic has caused a slump in sales and profits at German container shipping company Hapag-Lloyd.

dpa | Hamburg, Germany
January 31, 2024
Business, Safety

Drivers Raise Funds to Help Ailing NTDC Competitor Singelais

With the start of the National Truck Driving Championships qualifiers a couple of months away, elite truck drivers from New England are calling for colleagues’ support for one of their own.

Eugene Mulero | Senior Reporter
January 30, 2024
Government, Business, Fuel

FHWA Releases Grants for Electric Truck Chargers

While federal officials were touting the latest round of electric charging infrastructure grants for cars in rural and other communities nationwide, there also was modest good news for trucking.

Eric Miller | Senior Reporter
January 30, 2024
Government, Business, Fuel

Texas Oil Regulators Ask State to Sue EPA Over Methane Rule

Texas regulators on Jan. 30 formally asked the state’s attorney general to challenge the Biden administration’s rule that seeks to lower emissions from the oil and gas sector.

Mitchell Ferman | Bloomberg News
January 30, 2024
Business, Logistics, Global Freight

Georgia Ports Handled Record Number of Automobiles in 2023

SAVANNAH, Ga. — The Georgia Ports Authority said that it moved a record number of automobiles across its docks in Brunswick in 2023, while goods sent to Savannah in containers declined 16%.

Russ Bynum | Associated Press
January 30, 2024
Government, Business, Technology, Equipment, Logistics, Global Freight

Freight Elite Struggle to Hit Climate Goals as Demand Surges

Although there are signs of progress, the largest delivery companies have scaled back climate pledges and the industry isn’t keeping pace with climbing emissions from a global demand surge.

Ben Elgin | Bloomberg News
January 30, 2024