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.
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.
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.
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.
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.
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.
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.
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.
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.
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.
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