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

Class 8 Truck Orders Decline 5% in October

Preliminary data showed orders declined 5.2% to 30,600 units, marking the fifth month in 2024 where orders fell on an annual basis.

Connor D. Wolf | Staff Reporter
November 7, 2024
Business, Equipment

Nissan Cuts 9,000 Jobs as Its Vehicles Fail to Sell

TOKYO — Nissan reported Nov. 7 a loss for the latest fiscal quarter as its vehicle sales sank while costs and inventory ballooned, prompting the Japanese automaker to slash 9,000 jobs.

Yuri Kageyama | Associated Press
November 7, 2024
Business, Equipment

Stellantis Lays Off 1,100 More Workers at Ohio Jeep Factory

Stellantis said it would lay off about 1,100 workers at its Jeep plant in Toledo, Ohio, the latest in a series of job cuts as the automaker contends with bloated inventory and declining sales.

Gabrielle Coppola | Bloomberg News
November 7, 2024
Government, Business, Safety

Norfolk Southern’s One-Minute Inspection Rule Sparks Concern

Norfolk Southern sparked renewed concerns about flaws being missed during railcar inspections when it told employees this week they should spend no more than a minute looking at each car. 

Josh Funk | Associated Press
November 7, 2024
Government, Business

Fiscal 2025 Bills Top Congress’ End-of-Year Session

The approval of fiscal 2025 bills tops Congress’ priorities as lawmakers prepare to kick off their post-election legislative agenda.

Eugene Mulero | Senior Reporter
November 6, 2024
Business, Logistics, For-Hire, Top 100

Schneider Q3 Revenue, Profit Decline in Weak Freight Market

The company's results missed expectations from investment analysts on Wall Street, who had been looking for earnings per share of 23 cents and quarterly revenue of $1.33 billion.

Connor D. Wolf | Staff Reporter
November 6, 2024
Business, For-Hire

Heartland Express in Red for Q3 Again but Loss Narrows

Losses at Heartland Express narrowed year over year in the third quarter as both legacy brands and two more recently acquired units turned in an improved performance.

Keiron Greenhalgh | Staff Reporter
November 6, 2024
Government, Business, Technology, Equipment, Autonomous

Trump-Musk Alliance May Boost Tesla, Reshape Big Tech

Silicon Valley is bracing for a different relationship with the U.S. government as Donald Trump prepares to return to the White House.

November 6, 2024
Business, Technology, Equipment

Eaton Q3 Profit Climbs 13.2% Behind Data Center Growth

Eaton Corp.’s profit climbed 13.2% in the third quarter as revenue growth from data center expansions around the globe provided the biggest boost.

Keiron Greenhalgh | Staff Reporter
November 6, 2024
Government, Business, Technology, Logistics

N.Y. to Give $21.6M for Dairy Supply Chain, Milk Tankers

Gov. Kathy Hochul unveiled the grant program in her 2024 State of the State address as a response to mounting challenges facing dairy farmers.

Noël Fletcher | Staff Reporter
November 6, 2024