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.
Hertz Plans Cost Cuts After Earnings Miss on EV Adjustment
Hertz Global Holdings Inc. is looking to cut costs after it missed analysts’ fourth-quarter estimates as it sold down its fleet of Tesla Inc. electric vehicles.
FHWA Awards Grants to Develop Charging, Hydrogen Stations
Eyeing heavy truck emissions, the FHWA has awarded nearly half of $622.57 million in new infrastructure grants to megawatt and kilowatt charging and hydrogen fueling projects.
Volvo Details Engine, Transmission Updates for Redesigned VNL
Volvo Trucks North America on Feb. 6 outlined enhancements to its D13 engine and I-Shift transmission that helped the OEM achieve efficiency gains with its redesigned VNL Class 8 tractor.
Congress Passes Bill to Protect Moving Privacy
Legislation designed to protect people’s personal information during a move was recently cleared by Congress for President Joe Biden’s signature.
Uber Freight Unveils Pilot for New Scheduling API
Uber Freight is piloting a new scheduling application programming interface that aims to foster seamless communication across its network, the company announced Feb. 5.
February 5, 2024Auto Stoppages Push P.A.M. Transportation Into Red in Q4
Labor stoppages at automotive manufacturers across the U.S. and a weak freight environment hit profits at carrier P.A.M. Transportation in the final three months of 2023, the company said.
Diesel Price Rises 3.2¢ to $3.899 a Gallon
The national average diesel price bumped up 3.2¢ to $3.899 a gallon, according to Energy Information Administration data for the week of Feb. 5.
FMCSA to Delay Heavy Truck Speed Limiters Proposal Until May
The Federal Motor Carrier Safety Administration is delaying until May a controversial proposal to require speed limiters on heavy-duty trucks, according to a regulatory update.
Saia Targets Further Expansion Via $1 Billion in 2024 Capex
Saia Inc. expects 2024 to be another year of significant expansion after picking up business and terminals following the implosion of less-than-truckload rival Yellow Corp., executives said.
Canada, Colorado Form Hydrogen Development Partnership
Colorado Gov. Jared Polis and Alberta province’s premier, Danielle Smith, signed a memorandum of understanding to help the state reach its 100% carbon-free emissions goal by 2040.