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.

Government, Business, Safety, Logistics

Buttigieg Calls on Congress to Pass Rail Bill

More than a year after a train derailment in Ohio captured mainstream attention, the nation’s top transportation officer again called on Congress to advance a freight safety bill.

Eugene Mulero | Senior Reporter
May 1, 2024
Government, Business, Safety, For-Hire

Safety, HR Professionals Connect at ATA Conference

PHOENIX — More than 450 professionals came together to identify ways to improve the trucking industry at ATA's Safety, Security and Human Resources National Conference and Exhibition.

Mindy Long | Special to Transport Topics
May 1, 2024
Business, Equipment

Eaton Q1 Profit Jumps 28.7% as Margins Increase

Profits at Eaton Corp. soared in the first quarter as sales and margins jumped at the component manufacturer’s largest reporting unit — Electrical Americas.

Keiron Greenhalgh | Staff Reporter
May 1, 2024
Government, Business, Technology, For-Hire

Pitt Ohio Executive Targets EV Infrastructure

WASHINGTON — Ensuring electric commercial vehicles have reliable access to charging infrastructure remains a persistent challenge, a trucking executive recently told policymakers.

Eugene Mulero | Senior Reporter
May 1, 2024
Business, Logistics

Werner Posts Revenue, Earnings Decline for Q1

Werner Enterprises experienced a decline in revenue and earnings during the first quarter of 2024, the company reported April 30.

Connor D. Wolf | Staff Reporter
May 1, 2024
Government, Business, Technology, Private, TCA

Performance Food Group Takes Electric Plunge

Performance Food Group has seven electric trucks, supported by an array of charging stations, an upcoming installation of solar panels and a fleet of all-electric refrigerated trailers.

Luis Melecio-Zambrano | The Mercury News
May 1, 2024
Government, Business, Technology

Biden Poised to Finalize New EV Tax Credit Rules

The U.S. Treasury Department will unveil the final version of new rules limiting a popular tax credit for electric car buyers as soon as May 3.

May 1, 2024
Business, Technology, Fuel

Tesla Axes Supercharger Team in Blow to Broader EV Market

Tesla eliminated almost its entire Supercharger organization, which has built a network of public charging stations that virtually every major automaker is in the process of tapping into.

May 1, 2024
Business, Equipment

Paccar Q1 Profit Rises, Earnings Top Expectations

Profits at Paccar Inc. surged 63.5% in the first quarter of 2024, outstripping analysts’ expectations.

Keiron Greenhalgh | Staff Reporter
May 1, 2024
Business, Technology, Logistics, Private, Global Freight

Amazon Sees Strong Q1 Results Driven by Cloud-Computing Unit

NEW YORK — Amazon reported strong results for the first quarter, driven by growth in its cloud-computing unit and a new surge of advertising dollars from its Prime Video streaming service.

Haleluya Hadero | Associated Press
April 30, 2024