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, Technology, Equipment, Fuel

Natural Gas Truck Engines Could Reduce Fuel, Maintenance

By the middle of next year, Cummins will be offering a full-size truck engine that runs on natural gas, called the X15N.

John Baxter | Special to Transport Topics
July 14, 2023
Government, Business, Logistics, For-Hire

Port Charleston Freight Tied to Averitt Express Expansion

South Carolina state officials have welcomed a $4.58 million expansion by Averitt Express of its operations in Charleston County to meet freight needs from the Port of Charleston.

Noël Fletcher | Staff Reporter
July 14, 2023
Business, Equipment, Breaking News

June Class 8 Sales Rise 7.7% Year-Over-Year

U.S. Class 8 retail sales in June rose 7.7% compared with the year-ago period, but slid marginally compared with May, according to Wards Intelligence.

Keiron Greenhalgh | Staff Reporter
July 13, 2023
Business, Equipment

Hyundai Translead CEO Sees Trailer Market Remaining Softer

The new leader of Hyundai Translead said that while the trailer market was softer through the first half of this year compared with year-ago levels, he sees pockets of strength heading into 2024.

Keiron Greenhalgh | Staff Reporter
July 13, 2023
Government, Business, Logistics

Strike That Snarled Canada’s Ports to End as Deal Is Reached

A 13-day strike that disrupted shipments at Canada’s western ports is set to end after the dockworkers’ union and a group of employers agreed on a tentative deal.

Randy Thanthong-Knight | Bloomberg News
July 13, 2023
Government, Business, Technology, Equipment, Safety

Appeals Court Denies Review of Intellistop Exemption Request

A federal appellate court has rejected a court challenge by Intellistop Inc. of a decision by trucking regulators denying an exemption regarding the company’s pulsating brake light technology.

Eric Miller | Senior Reporter
July 13, 2023
Government, Business

Trucking Highlights Access to Military Bases in Defense Bill

Freight stakeholders are calling on congressional policymakers to further facilitate access to military bases and installations.

Eugene Mulero | Senior Reporter
July 13, 2023
Business, Private

PepsiCo Lifts 2023 Profit Forecast as Q2 Revenue Up 10%

Higher prices lifted PepsiCo’s revenue in the second quarter but dented consumer demand, and the company said July 13 price increases could start to moderate in the second half of this year.

Dee-Ann Durbin | Associated Press
July 13, 2023
Business, Technology, Logistics, Private

Amazon Prime Day Drives All Online Sales Up 6.1%

U.S. shoppers spent $12.7 billion online during Amazon.com Inc.’s 48-hour Prime Day, up 6.1% from a year ago but short of estimates for 9.5% growth, according to Adobe Inc.

July 13, 2023
Government, Business, Technology, Fuel

Daimler Cites Flexibility as Key to Zero-Emission Future

BOSTON — Daimler Truck CEO Martin Daum said flexibility is the key to his company’s preparation for the zero-emission future that is broadly envisioned for trucking.

Joe Howard | Executive Editor
July 13, 2023