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.

Government, Business, Safety, Logistics

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.

Josh Funk | Associated Press
September 15, 2023
Government, Business, Equipment

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.

Keiron Greenhalgh | Staff Reporter
September 15, 2023
Business, Technology, Equipment, Fuel

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.

Seth Clevenger | Managing Editor, Features and Multimedia
September 15, 2023
Business, Fuel

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.

Keiron Greenhalgh | Staff Reporter
September 15, 2023
Government, Business, Equipment

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.

Josh Boak | The Associated Press
September 15, 2023
Business, Logistics, Top 100

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.

Keiron Greenhalgh | Staff Reporter
September 15, 2023
Business, Equipment, Top 100

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.

Keiron Greenhalgh | Staff Reporter
September 15, 2023
Business, Logistics

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.

Connor D. Wolf | Staff Reporter
September 15, 2023
Business, Equipment

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.

Steve Brawner | Contributing Writer
September 15, 2023
Business, Technology, Equipment, Fuel

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.

Dan Calabrese | Special to Transport Topics
September 15, 2023