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.
Port of Mobile to Build Container Facility in North Alabama
The Alabama Port Authority and CSX Transportation announced that Decatur, Ala., will be home to a new intermodal container transfer facility to connect north Alabama to the Port of Mobile.
Coalition Sues CARB Over Emission Report Mandates
California is being sued over its new emission laws mandating that companies there and out of state report their supply chain emissions and mitigation efforts.
Forward Air CEO Tom Schmitt Exits After Omni Deal Completion
Forward Air CEO Tom Schmitt exited the company days after finally completing the carrier’s at-times contentious merger with Omni Logistics.
Republican Lawmakers Target FHWA Rule
Senior Republicans are seeking to undo emissions targets the Federal Highway Administration is requiring of state transportation agencies.
RXO Closes First Full Year as Company With Q4 Results
RXO closed out its first full year as a stand-alone company by reporting fourth-quarter earnings gains on a year-over-year revenue decline, the company detailed Feb. 8.
Congressional Republicans Continue EV Pushback
Senior congressional Republicans called on GOP leaders in the House and Senate to deny funding that would be used to advance proposals associated with electric vehicles.
Update: Yellow Repays $700M Pandemic-Era Loan to Treasury Dept.
The auction of Yellow's assets is continuing as sales of the bankrupt carrier's terminals are funding debt repayments.
February 8, 2024January Class 8 Truck Orders Start 2024 Strong
North American Class 8 truck orders started off the year strong with January figures increasing from the year-ago period, according to ACT Research.
FMCSA: FTC Proposal Should Include Truck Towing Provisions
FMCSA filed comments in support of an FTC proposed rule banning junk fees that trucking regulators have argued should include provisions to mitigate predatory truck towing.
Planned Savannah Private Port Terminal Stokes Traffic Fears
SAVANNAH, Ga. — The planned SeaPoint marine terminal east of downtown Savannah is spurring concerns about port-related traffic overwhelming the streets and rail tracks in the area.