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.
Lower Used Truck Prices, Weak Rental Market Hurt Ryder Profits
Ryder's profits fell in the first quarter on sharply lower used tractor and truck prices and weak rental market conditions, the company said April 23, but saw a boost from recent acquisitions.
Truck Body Repair Collaborations Help Streamline Planning
Repairing the body on a Class 8 truck is a process of handling moving parts while performing a proper assessment and eventually restoring the unit to a safe, roadworthy state as quickly as possible.
Baltimore Port to Open Deeper Channel
Officials plan to open a deeper channel for commercial ships to access the Port of Baltimore starting April 25, marking a significant step toward reopening the major maritime shipping hub.
ATRI Study Touts Renewable Diesel’s 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 ATRI study.
General Motors Reports Strong Q1 Profits
DETROIT — Despite a small dip in U.S. vehicle sales, General Motors’ first-quarter net income rose more than 25% on strong deliveries of pickup trucks and other higher-profit vehicles.
PepsiCo Beats Q1 Revenue Forecasts
PepsiCo reported better-than-expected revenue in the first quarter on strong international demand for its snacks and beverages.
UPS Reports 41% Earnings Drop During Q1
UPS Inc. experienced a 41.3% drop in earnings during the first quarter of 2024, the company reported April 23.
Jury Finds BNSF Contributed to Two Asbestos Deaths
A federal jury on April 22 said BNSF Railway contributed to the deaths of two people who were exposed to asbestos decades ago when tainted mining material was shipped through a Montana town.
Pre-Trip Prowess Powers Nevada’s Hart to Grand Champion Crown
Matt Hart, a scrappy driver with FedEx Freight, surpassed a competitive field to take home grand champion honors at Nevada’s Truck Driving Championships on April 6.
Perspective: EB-3 Visa Provides Route to Labor Solution
Increasingly, trucking companies' search for truck drivers is moving beyond U.S. borders as immigration programs become a greater focal point.