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.
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.
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.
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, 2024CVSA 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.
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.
Mullen Group Closes ContainerWorld Acquisition
Mullen Group closed its previously announced acquisition of fellow Canadian business ContainerWorld Forwarding Services, the company revealed May 3.
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.
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.
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.
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