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, Equipment, Fuel

New VTNA, Mack Tractors to Leave Plants With HVO in Tank

All Class 8 tractors rolling off VTNA and Mack Trucks production lines are set to depart manufacturing facilities with hydrotreated vegetable oil or renewable diesel in their fuel tanks.

Keiron Greenhalgh | Staff Reporter
April 24, 2024
Government, Business, Fuel, Logistics

DOT Grant Program Focuses on Commercial Ports

The U.S. Department of Transportation announced grants for ports and supply chain corridors as part of the White House’s strategy for advancing a zero-emission freight landscape.

Eugene Mulero | Senior Reporter
April 24, 2024
Business, Logistics, For-Hire

Forward Air Hires Ex-Ceva Logistics Executive Stewart as CEO

Shawn Stewart is set to join Forward Air as CEO, effective April 28, the carrier said April 23. He also will join the asset-light transportation services group’s board of directors.

Keiron Greenhalgh | Staff Reporter
April 24, 2024
Business, For-Hire

ODFL Reports Q1 Revenue and Earnings Growth

Old Dominion Freight Line experienced growth in revenue and earnings for the first quarter of 2024, the company reported April 24.

Connor D. Wolf | Staff Reporter
April 24, 2024
Government, Business, Technology

Biden Makes $11 Billion Push to Beat China at Chip Research

The Biden administration is trying to turn cutting-edge semiconductor research into a more enticing field for Americans.

Mackenzie Hawkins | Bloomberg News
April 24, 2024
Business, Equipment, Fuel

Traton Maintains Battery-Electric Decarbonization Focus

Navistar parent company Traton is standing firm in its belief that battery-electric trucks are the best alternative for trucking fleets looking to decarbonize their operations.

Keiron Greenhalgh | Staff Reporter
April 24, 2024
Business, Safety, Logistics

Norfolk Southern Reports Lower Earnings After Settlement

Norfolk Southern’s first-quarter earnings report gave the railroad the opportunity to publicly defend CEO Alan Shaw’s strategy again before investors decide on May 9 whether to back him.

Josh Funk | Associated Press
April 24, 2024
Government, Business, Technology

Biden Advances Plan to Make Freight Shipping Carbon-Free

The Biden administration is laying out more of its vision for decarbonizing the freight industry, including plans for standardizing charging infrastructure for electric trucks.

Jennifer A. Dlouhy | Bloomberg News
April 24, 2024
Government, Business, Safety

Buttigieg Announces Infrastructure Funds

Assuring the country about the Biden administration’s efforts to improve connectivity along mobility corridors is atop Secretary Pete Buttigieg’s spring agenda.

Eugene Mulero | Senior Reporter
April 24, 2024
Business, Technology

Tesla to Cut More Than 6,000 Jobs in Texas, California

Tesla Inc. plans to cut more than 6,000 jobs across Texas and California as part of CEO Elon Musk’s demand to slash more than 10% of the global workforce.

Dana Hull | Bloomberg News
April 23, 2024