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.
Hyzon Sends Four Hydrogen FCEV Trucks to PFG in California
Hyzon delivered four trucks to Performance Food Group’s Vistar facility in Fontana, Calif., the first deliveries of the hydrogen fuel cell electric vehicle to its largest U.S. customer.
Knight-Swift Reports 11% Revenue Increase for Q4
Knight-Swift Transportation Holdings profits dropped during the fourth quarter but the carrier experienced an increase in revenue, the company reported Jan. 24.
Auto Dealers Campaign for Biden to Halt Tailpipe Emissions Rules
DETROIT — More than 4,700 auto dealerships across the U.S. urged President Joe Biden in a letter Jan. 25 to halt the EPA's efforts to enforce stricter vehicle-pollution standards.
Union Pacific Profit Up 1% in Q4 as Deliveries Rise
OMAHA, Neb. — Union Pacific’s fourth-quarter profit crept up 1% as the railroad delivered more fertilizer, imported goods and vehicles.
Work-Related Deaths Rise in 2022, BLS Report Finds
The number of job-related deaths rose 5.7% in 2022 compared with 2021, with workers in broadly defined transportation-related jobs accounting for the largest share of fatalities.
Daimler Truck to Explore Abu Dhabi’s Green Hydrogen Supply
Daimler Truck AG and Abu Dhabi agreed to explore the Gulf state’s supply of green hydrogen to power future fuel cell rigs in Europe.
Governors From 16 States Ask Biden to Roll Back EV Mandates
Governors from 16 states have sent a letter to President Joe Biden, asking him to rescind his electric vehicle mandates in favor of letting the market determine adoption.
Tesla Q4 Earnings Fall Short of Analyst Estimates
DETROIT — Tesla’s net income more than doubled last quarter thanks to a one-time tax benefit, but it warned of “notably lower” sales growth this year.
German Charging Firm EcoG to Locate Headquarters in Detroit
EcoG, a German electric vehicle charger company, plans to invest $14.4 million to establish its American headquarters in Detroit, with the help of a grant from the Michigan Strategic Fund.
Canadian National Railway Maintains Earnings Growth Forecast
Canadian National Railway is sticking with its outlook for double-digit profit growth over the next few years, moving past a 2023 marred by labor strife, low grain shipments and a sluggish economy.