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, Safety

Jadrossich Fine-Tunes Preparation for Nationals

Rather than simply overthinking his approach to precision-driving contests, John Jadrossich, a FedEx Freight driver, decided to embrace the art of cool relaxation.

Eugene Mulero | Senior Reporter
August 8, 2023
Business, Equipment, Logistics

TFI to Buy Class 6-8 Truck Transporter JHT

TFI International is set to acquire Class 6 to Class 8 truck manufacturer transportation provider JHT Holdings Inc., it said Aug. 7.

Keiron Greenhalgh | Staff Reporter
August 8, 2023
Government, Business, Safety

Volvo, Mack EVs Recalled Over Fire Concerns

Volvo AB is recalling nearly all battery-powered electric trucks in the U.S. that were made over the past four years because of an issue that may potentially cause a battery fire.

Rafaela Lindberg | Bloomberg News
August 8, 2023
Government, Business, Equipment, Safety

No Violations on 81% of CMVs in International Roadcheck

More than 81% of commercial motor vehicles and 94% of drivers inspected during International Roadcheck in May did not have any out-of-service violations during the enforcement effort.

Eric Miller | Senior Reporter
August 8, 2023
Business, Technology

Electric Vehicle Tech Maker Proterra Files for Bankruptcy

Proterra Inc., which makes heavy-duty electric vehicle components like chargers and batteries, filed for bankruptcy on Aug. 7.

Amelia Pollard | Bloomberg News
August 8, 2023
Business, Logistics, For-Hire

UPS Lost More Business Than Expected on Strike Threat

Profits at UPS fell year-over-year in the second quarter as the parcel carrier lost more business to rivals than expected due to uncertainty surrounding negotiations with the Teamsters.

Keiron Greenhalgh | Staff Reporter
August 8, 2023
Business

Werner Eyes Better Back Half of 2023 as Q2 Profit Falls 59%

Profits at Werner Enterprises Inc. more than halved in the second quarter, but the carrier sees brighter prospects for the second half of the year, particularly the final three months.

Keiron Greenhalgh | Staff Reporter
August 7, 2023
Government, Business, Safety, Logistics

Kentucky Begins $30 Million Road Project at Owensboro Port

Kentucky Gov. Andy Beshear joined state officials in breaking ground on a $30 million highway expansion project for the Owensboro Riverport Authority.

Noël Fletcher | Staff Reporter
August 7, 2023
Business, Equipment, Safety

Class Act: Success Follows North Carolina Champ Bills

Step van or straight truck, FedEx Express driver and North Carolina grand champion Michael Bills focuses on safety.

Eugene Mulero | Senior Reporter
August 7, 2023
Business, Technology, Fuel

Tesla Replaces Zachary Kirkhorn as CFO

Tesla Inc. Chief Financial Officer Zachary Kirkhorn stepped down after 13 years at the electric vehicle maker, raising questions about succession in the top ranks of Elon Musk’s company.

August 7, 2023