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

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.

Keiron Greenhalgh | Staff Reporter
April 23, 2024
Business, Equipment, Safety, Logistics

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.

Stephen Bennett | Special to Transport Topics
April 23, 2024
Business, Safety, Logistics

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.

Lea Skene | Associated Press
April 23, 2024
Business, Technology, Fuel

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.

Eric Miller | Senior Reporter
April 23, 2024
Business, Equipment

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.

Tom Krisher | Associated Press
April 23, 2024
Business, Private

PepsiCo Beats Q1 Revenue Forecasts

PepsiCo reported better-than-expected revenue in the first quarter on strong international demand for its snacks and beverages.

Dee-Ann Durbin | Associated Press
April 23, 2024
Business, Logistics, For-Hire

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.

Connor D. Wolf | Staff Reporter
April 23, 2024
Business, Safety

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.

April 22, 2024
Business, Safety

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.

Eugene Mulero | Senior Reporter
April 22, 2024
Government, Business, Perspective

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.

John E. Dorer | CEO, eb3.work
April 22, 2024