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, Logistics

Universal Logistics Beats Q4 Expectations

Universal Logistics Holdings beat fourth-quarter expectations despite experiencing a year-over-year decline in revenue and earnings, the company detailed Feb. 15.

Connor D. Wolf | Staff Reporter
February 16, 2024
Government, Business

Consumer Sentiment Index Edges Higher in February

WASHINGTON — A measure of consumer sentiment ticked higher this month, after soaring in December and January, underscoring that Americans are starting to feel better about the economy.

Christopher Rugaber | Associated Press
February 16, 2024
Business, Technology

Fleets Use Tech to Aid Communication With Immigrant Drivers

The use of technology-based programs is helping integrate non-native English speakers into truck driving environments.

Nancy Riggs | Special to Transport Topics
February 16, 2024
Government, Business, Technology, TCA

Kia Debuts First Georgia-Made EV at State Capitol

Kia executives met with Georgia Gov. Brian Kemp and state leaders Feb. 13 to show off a historic milestone — the first electric vehicle built in Georgia.

Zachary Hansen | The Atlanta Journal-Constitution
February 16, 2024
Business, Technology, Logistics, For-Hire

Social Media Platforms Open Fleets to Newer Recruiting Pool

Fleets are looking more to social media platforms to increase brand awareness, reach new customers and, increasingly, find new employees.

Amanda Smith | Special to Transport Topics
February 16, 2024
Business, Safety

CDL Schools, Driver Training Programs Focus on the Right Fit

The driver shortage and turnover are top concerns within the trucking industry, and insiders contend schools and training programs play a critical role in attracting new entrants.

Mindy Long | Special to Transport Topics
February 15, 2024
Government, Business

Rouzer Outlines WRDA's Path to Passage

This spring, House Republicans will seek committee approval of a comprehensive water infrastructure bill significant to supply chain connectivity.

Eugene Mulero | Senior Reporter
February 15, 2024
Business, Logistics

Kenan Advantage Group Enters Dry Bulk Sector

Kenan Advantage Group bought Northern Dry Bulk for an undisclosed sum, marking its first major foray into dry bulk haulage, the top-ranked tank transporter said.

Keiron Greenhalgh | Staff Reporter
February 15, 2024
Government, Business, Logistics

Update: 2024 Top 100 Truck Bottlenecks List Sees Congestion Increasing

Fuel card skimming is on the rise. Read Dan Calabrese's report on what trucking fleets can do to thwart cyber criminals who engage in this high tech theft.

February 15, 2024
Business, Equipment

Allison Q4 Profit Rises 21% on Vocational Strength

Allison Transmission Holdings Inc. profits increased 21% year-over-year in the fourth quarter of 2023 behind North American Class 8 vocational truck market strength.

Keiron Greenhalgh | Staff Reporter
February 15, 2024