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, Equipment

Paccar Records 60% Rise in Q3 Net Income

Paccar Inc. posted a 60% jump in third-quarter earnings as parts margins rose and truck sales increased, easily surpassing analyst expectations.

Keiron Greenhalgh | Staff Reporter
October 24, 2023
Business, Logistics

CN Railway Misses Estimates as Consumer Goods Shipments Drop

Canadian National Railway Co. spelled out a challenging picture for the economy as earnings fell short of expectations in the third quarter, partly due to falling demand for consumer goods.

Stephanie Hughes | Bloomberg News
October 24, 2023
Business, Logistics, For-Hire

TFI Third-Quarter Profit Dives 45.6% on Weak Freight Market

TFI International profits in the third quarter slumped 45.6% year-over-year, with the Canadian company primarily citing weaker market conditions, especially in the truckload market.

Keiron Greenhalgh | Staff Reporter
October 24, 2023
Government, Business, Logistics

Federal Grant to Improve Access at Indiana Agribusiness Park

Secretary of Commerce Gina Raimondo announced a $1.75 million grant to a rural Indiana county to provide better access for heavy trucks at an agricultural business park.

Noël Fletcher | Staff Reporter
October 24, 2023
Business, Technology, Autonomous

California Stops Cruise From Operating Without Drivers

General Motors Co.’s Cruise unit is being suspended by the California Department of Motor Vehicles from operating driverless vehicles in the state, effective immediately.

Dana Hull and David Welch | Bloomberg News
October 24, 2023
Government, Business, Technology, Safety

Trucking Faces Increasing Threat of Cyberattacks

HOUSTON — Trucking  is seeing an increase in cyberthreats, a panel of experts said Oct. 23 during the National Motor Freight Traffic Association's Digital Solutions Conference.

Connor D. Wolf | Staff Reporter
October 24, 2023
Government, Business, Equipment

US House Panel Evaluates New Truck Excise Tax Repeal

A leading proponent of repealing a tax on the purchase of new trucks called on colleagues to endorse his effort.

Eugene Mulero | Senior Reporter
October 24, 2023
Business, Sponsored

Recruiting Professional of the Year 2023

October 24, 2023
Government, Business, Equipment, Safety

About 12.6% of Vehicles Inspected Placed Out of Service

Roughly one of every eight trucks inspected for brake-related violations was placed out of service by commercial vehicle inspectors during Brake Safety Week in August.

Eric Miller | Senior Reporter
October 24, 2023
Business, Logistics, Breaking News

Tonnage Dips 4.1% in September

Truck tonnage slumped 4.1% in September compared with year-ago levels, the steepest annual drop in nearly three years and an indication that the U.S. freight market remains turbulent.

Dan Ronan | Senior Reporter
October 24, 2023