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, Equipment, Fuel, Private

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.

Keiron Greenhalgh | Staff Reporter
January 25, 2024
Business, For-Hire, Top 100

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.

Connor D. Wolf | Staff Reporter
January 25, 2024
Government, Business, Equipment, Safety

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.

Alexa St. John | Associated Press
January 25, 2024
Business, Safety, Logistics, Global Freight

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.

Josh Funk | Associated Press
January 25, 2024
Government, Business, Safety

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.

Noël Fletcher | Staff Reporter
January 25, 2024
Business, Technology, Equipment, Fuel

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.

Wilfried Eckl-Dorna | Bloomberg News
January 25, 2024
Government, Business, Technology

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.

Noël Fletcher | Staff Reporter
January 25, 2024
Business, Technology, Fuel, Autonomous

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.

Tom Krisher | Associated Press
January 24, 2024
Government, Business, Technology, TCA

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.

Rose White | mlive.com
January 24, 2024
Business, Logistics, Global Freight

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.

Stephanie Hughes | Bloomberg News
January 24, 2024