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.
Norfolk Southern CEO Promises to Keep Improving Safety
Norfolk Southern’s CEO pledged to continue working to improve safety after a consultant recommended making sure that safety is truly a priority at all levels.
Court Approves Timeline for Sale of Yellow Terminals
A bankruptcy court on Sept. 15 approved a timeline for the sale of shuttered less-than-truckload carrier Yellow Corp.’s terminals, trucks and trailers, making some key dates public for the first time.
Quantron to Bring Hydrogen Fuel Cell Trucks to Europe, US
AUGSBURG, Germany — Quantron plans to bring a fuel cell-powered Class 8 tractor to the North American market next year.
Analysts: Diesel Price Augurs Carrier Casualty Acceleration
Soaring diesel prices are likely to push more trucking companies out of business, especially smaller carriers, after casualties already spiked in the first two-thirds of the year.
Biden Sends Top Aides to Detroit to Help With Auto Strike
WASHINGTON — President Joe Biden on Sept. 15 dispatched two of his top aides to Detroit to help resolve the strike by unionized autoworkers.
Estes Express Offers $1.525 Billion for Yellow Terminals
Estes Express Lines upped the ante in the fight for 169 terminals owned by bankrupt Yellow Corp. ahead of a key Sept. 15 hearing, filing a revised stalking horse bid, court documents show.
Steep Used Truck Price Depreciation Returned in August
August saw a return to a relatively steep depreciation in the price of used Class 8 trucks, according to J.D. Power's Chris Visser, although some of the details are yet to fully materialize.
J.B. Hunt Strikes Acquisition Deal With BNSF Logistics
J.B. Hunt Transport Services announced Sept. 14 that its transport subsidiary has entered into a definitive agreement to purchase the brokerage operations of BNSF Logistics.
Trailer OEMs Work to Keep Up With Supply, Labor Demands
Trailer manufacturers are “eating backlog” now that market demand has normalized and supply chain disruptions have abated after the pandemic. But some components are still in short supply.
Fuel Efficiency Is the Main Goal in Trailer Aerodynamics
When trailer aerodynamics produce better fuel efficiency, the reward for truck fleets can be substantial, and success is measured by miles per gallon.