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, Safety, Fuel

Love’s Travel Stops Previews Expansion Plans for 2024

Love’s Travel Stops is rolling out a planned $1 billion expansion of its truck stop network this year with new and remodeled stores that expand the offerings available to truck drivers.

Connor D. Wolf | Staff Reporter
January 29, 2024
Business

Toyota Union Seeking Higher Wages, Bonus in Negotiations

Toyota Motor Corp.’s workers’ union is seeking a bonus of 7.6 months worth of salary as it prepares for annual compensation negotiations with the Japanese carmaker.

Tsuyoshi Inajima | Bloomberg News
January 29, 2024
Business, Private

Walmart Adds Stock Grants as Perk in Manager-Retainment Push

NEW YORK — Walmart is further sweetening the perks for its U.S. store managers as it seeks to retain its leaders and attract new ones in a still competitive job market.

Anne D’Innocenzio | Associated Press
January 29, 2024
Government, Business, Safety, Logistics

Norfolk Southern Q4 Profit Down 33%, Derailment Costs Rising

Norfolk Southern’s Q4 profit fell 33% due to the ever-growing costs of the cleanup of last year’s derailment in eastern Ohio, but the railroad did deliver 3% more shipments in the quarter.

Josh Funk | Associated Press
January 26, 2024
Government, Business, Fuel, Logistics

Europe’s Diesel Supply Chain Threatened by High Freight Costs

A surge in shipping costs due to turmoil in the Red Sea is pressuring Europe’s diesel supply chain, contributing to a sharp jump in fuel prices.

Jack Wittels | Bloomberg News
January 26, 2024
Business, Equipment

Volvo Q4 Profit Jumps 80.6% as Deliveries, Margins Increase

A jump in truck sales and margins in the fourth quarter of 2023 at Volvo Group saw the Swedish original equipment manufacturer’s profits almost double year-over-year, it said Jan. 26.

Keiron Greenhalgh | Staff Reporter
January 26, 2024
Government, Business, Safety

FMCSA Plans to Remove 15,000 Medical Examiner Certifications

Federal trucking regulators plan to disqualify more than 15,000 physicians responsible for certifying that truck drivers are healthy enough to get behind the wheel.

Eric Miller | Senior Reporter
January 26, 2024
Business, Equipment, Private

United Rentals Q4 Profit Rises 6.3% on Broad Demand Strength

United Rentals reported net profit of $679 million in the fourth quarter of 2023, a 6.3% year-over-year increase compared with $639 million in the year-ago period.

Keiron Greenhalgh | Staff Reporter
January 26, 2024
Government, Business, Fuel

Biden Freezes Approvals of New Licenses for LNG Exporters

The Biden administration on Jan. 26 halted the approval of new licenses to export U.S. liquefied natural gas — a moratorium likely to disrupt plans for billions of dollars in projects.

January 26, 2024
Government, Business, Technology, Safety, Autonomous

Justice Department Inquiring Into Cruise Collision Fiasco

SAN FRANCISCO — General Motors is facing a U.S. Justice Department investigation into a collision that critically injured a pedestrian and derailed its self-driving car ambitions.

Michael Liedtke | Associated Press
January 26, 2024