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

UAW Members Ratify Four-Year Freightliner Labor Deal

United Auto Workers members ratified a four-year labor deal with Daimler Truck North America covering 7,400 mostly Freightliner employees, the union said May 4.

Keiron Greenhalgh | Staff Reporter
May 6, 2024
Government, Business

End of Tolls Coming for Alabama’s Foley Beach Express Bridge

A toll-free ride across the Foley Beach Express Bridge in Orange Beach, Ala., will be a reality for the first time in more than 20 years now that the state has reached a deal to purchase the span.

Noël Fletcher | Staff Reporter
May 6, 2024
Government, Business

Report: ATRI Study Examines Renewable Diesel Benefits

There are operational and #environmental gains to be realized for fleets that favor renewable diesel fuel over battery-electric vehicles, according to a new study by the American Transportation Research Institute.  

May 6, 2024
Government, Business, Equipment, Safety

CVSA Mulls Another Personal Conveyance Guidance Request

Twice in the past four years, CVSA has failed to persuade FMCSA to strengthen guidance for stopping a rise in truckers improperly using personal conveyance to stretch the hours they drive.

Eric Miller | Senior Reporter
May 6, 2024
Government, Business, Fuel

ATA, 8 Others Ask EPA to Adjust Biofuel Output Volumes

Renewable fuel production targets are too low to sustain the sector and have resulted in shuttered biofuel companies, a consortium of trade associations stated in a letter to EPA's Michael Regan.

Noël Fletcher | Staff Reporter
May 3, 2024
Business, For-Hire

Mullen Group Closes ContainerWorld Acquisition

Mullen Group closed its previously announced acquisition of fellow Canadian business ContainerWorld Forwarding Services, the company revealed May 3.

Connor D. Wolf | Staff Reporter
May 3, 2024
Business, Logistics

XPO Posts Q1 Net Income Rise of 294% Despite Tough Market

XPO Inc. experienced a 294.1% increase in earnings year-over-year despite a soft freight environment during the first quarter of 2024, the company reported May 3.

Connor D. Wolf | Staff Reporter
May 3, 2024
Government, Business, Safety

Oregon Spends $2.1M in Federal Grant to Train Truck Drivers

Hundreds of newly minted commercial truck drivers are on the road in Oregon thanks to a state group’s decision to allocate a large chunk of a federal grant to driver training.

Noël Fletcher | Staff Reporter
May 3, 2024
Business, Equipment

Cummins Sees Q1 Income Rise From Sale of Filtration Business

Engine manufacturer Cummins Inc. said its first-quarter bottom line was lifted by the March completion of its divestiture from filtration business Atmus.

Joe Howard | Executive Editor
May 3, 2024
Government, Business, Safety, Logistics

I-95 in Connecticut Closed for Days as Crash Damages Bridge

NORWALK, Conn. — Workers on May 3 began removing a bridge over a Connecticut highway that was damaged in a fiery crash  — a project expected to keep both sides of I-95 closed through the weekend.

May 3, 2024