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.
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.
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.
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.
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.
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.
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.
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.
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.
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.
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.