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, Technology, Fuel

Liquid Hydrogen Fast-Fill Pumps Promise Speedy Fueling Times

OAKLAND, Calif. — Hydrogen fuel cell technology holds significant promise for over-the-road trucking applications, but refueling with hydrogen can be complex, experts said at an event.

Mindy Long | Special to Transport Topics
April 25, 2024
Government, Business, Safety

NTSB Nominee Homendy on Senate Panel’s Agenda

A vote on the nomination of Jennifer Homendy to continue her term as chairwoman of the National Transportation Safety Board is on a Senate panel’s calendar.

Eugene Mulero | Senior Reporter
April 25, 2024
Business, Logistics

Landstar Reports Revenue Decline for Q1

Landstar System Inc. experienced a decline in revenue and earnings during the first quarter of 2024, the company reported April 24.

Connor D. Wolf | Staff Reporter
April 25, 2024
Business, For-Hire

Knight-Swift Reports Earnings Drop Amid Revenue Growth

Knight-Swift Transportation Holdings saw its first-quarter bottom-line results swing from a profit to a loss.

Connor D. Wolf | Staff Reporter
April 25, 2024
Business

Update: March Trailer Orders Continue Year-Over-Year Declines

According to ACT Research, U.S. trailer orders for March declined 19% to 13,600 units from 16,800 in the prior-year period, and fell 33.7% from the preliminary total of 20,500 units ordered in February. 

April 25, 2024
Business, For-Hire

Mullen Group Reports Lower Revenue for Q1

Mullen Group experienced a decrease in revenue and earnings during the first quarter of 2024, the company reported April 25.

Connor D. Wolf | Staff Reporter
April 25, 2024
Business, Equipment, Fuel

Tesla Promises Semi Truck Production to Begin in Late 2025

Tesla Inc.’s touted Class 8 Semi tractor is likely to begin rolling off the company’s Reno, Nev., production line late next year, according to a senior executive.

Keiron Greenhalgh | Staff Reporter
April 25, 2024
Business, Safety, Logistics, TCA

First Ship Leaves Port of Baltimore via Deeper Channel

The first of 11 ships trapped for a month behind the wreckage of the Francis Scott Key Bridge left the Port of Baltimore April 25 using an alternate shipping channel that had just opened.

Lorraine Mirabella | The Baltimore Sun
April 25, 2024
Government, Business, Technology

FMCSA Plans to Revamp Registration Process

Federal trucking regulators are in the early stages of developing a new online registration process aimed at reducing fraud and improving transparency and efficiency.

Eric Miller | Senior Reporter
April 25, 2024
Business, Logistics

Covenant Q1 Profit Slumps 76% on Freight Rate Weakness

Covenant Logistics Group profits tumbled in the first quarter of 2024, with freight rates and volumes taking a toll on earnings as expected.

Keiron Greenhalgh | Staff Reporter
April 25, 2024