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.

Government, Business, Technology, TCA

German Charging Firm EcoG to Locate Headquarters in Detroit

EcoG, a German electric vehicle charger company, plans to invest $14.4 million to establish its American headquarters in Detroit, with the help of a grant from the Michigan Strategic Fund.

Rose White | mlive.com
January 24, 2024
Business, Logistics, Global Freight

Canadian National Railway Maintains Earnings Growth Forecast

Canadian National Railway is sticking with its outlook for double-digit profit growth over the next few years, moving past a 2023 marred by labor strife, low grain shipments and a sluggish economy.

Stephanie Hughes | Bloomberg News
January 24, 2024
Government, Business, Technology

Samsara Files Patent Infringement Lawsuit Against Motive

Fleet telematics provider Samsara filed a patent infringement lawsuit alleging that competitor Motive Technologies has covertly stolen its technology patents and adopted them as its own.

Eric Miller | Senior Reporter
January 24, 2024
Government, Business, Safety

US House Advances Bill to Protect Moving Privacy

Legislation intended to protect people’s personal information was easily approved by the U.S. House of Representatives this month.

Eugene Mulero | Senior Reporter
January 23, 2024
Government, Business, Technology, Fuel

Hydrogen Company Plug Power Closes In on $1.6 Billion Loan

Plug Power Inc. surged the most in three years after the hydrogen company said it’s getting close to finalizing a $1.6 billion loan from the U.S. Energy Department.

Tope Alake | Bloomberg News
January 23, 2024
Business, Logistics

New Landstar Facility to Focus on Owner-Operators

Landstar has started construction on a new field operations center in Crawfordsville, Ind., the company announced Jan. 18. The facility will be built with owner-operators in mind.

Connor D. Wolf | Staff Reporter
January 23, 2024
Business, Equipment

Paccar Delivers 54% Jump in Q4 Profit, Record Revenues

Truck maker Paccar saw profits jump 54% year-over-year in the fourth quarter of 2023 on the back of record revenues and a double-digit jump in U.S. and Canadian truck deliveries.

Keiron Greenhalgh | Staff Reporter
January 23, 2024
Business, Equipment, Fuel, Autonomous

Volvo Unveils Redesigned Flagship Class 8 VNL Tractor

Volvo Trucks North America launched a revamp of its flagship over-the-road Class 8 VNL tractor Jan. 23, the first major overhaul since a 2017 redesign.

Keiron Greenhalgh | Staff Reporter
January 23, 2024
Government, Business

Group Releases 2023-2024 Top Judicial ‘Hellholes’ Report

Civil courts in Georgia and Pennsylvania have tied as the nation’s top “Judicial Hellholes” listed in a new 2023-24 report, primarily due to large nuclear verdicts and other events.

Eric Miller | Senior Reporter
January 23, 2024
Business, Equipment, Safety

60 Seconds: States Issue Emergency HOS Waiver for Fuel Deliveries

Extreme cold weather prompts efforts to prevent shortages. Although some states issued orders several days ago that soon expire, others with longer duration emergency orders are Alabama, Arkansas, Indiana, Mississippi, Missouri, Nebraska, New York, North Carolina, South Dakota and Tennessee. 

January 23, 2024