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.
Cummins Profit Soars as Meritor Deal Boosts Revenue
Cummins Inc. posted a 64% year-over-year jump in profits in the third quarter of 2023 as the acquisition of axles and brakes specialist Meritor continued to boost the company’s bottom line.
BNSF Inspection Practices Probed After Colorado Derailment
An investigation into a Colorado train derailment and bridge collapse that killed a truck driver is focused on whether inspection and maintenance practices at BNSF Railway contributed.
Use Unspent Funds on Truck Parking, Governors Are Asked
WASHINGTON — American Trucking Associations and other industry stakeholders have asked the governors of each state to use some of their extra federal funds to expand truck parking.
How Trucking Can Fight Back Against Cyberthreats
HOUSTON — The trucking industry faces an increasingly dangerous and complex cybersecurity landscape, but there are ways to counter the threats, according to experts.
September Used Class 8 Sales Down 4.7% Year-Over-Year
Sales of used Class 8 trucks in September declined at a modest clip compared with year-ago levels, but the prices paid for those trucks took a far steeper drop, ACT Research reported.
RXO Executive Reflects on Launching Amid Freight Down Cycle
RXO Chief Strategy Officer Jared Weisfeld discussed what it was like to launch a new company amid a freight market downturn on RXO’s one-year anniversary Nov. 1.
Speaker Johnson Eyes Defense Bill Negotiations
Trucking provisions for standardized access to military installations are tucked into the House and Senate versions of the fiscal 2024 National Defense Authorization Act.
Utah Seeks to Boost Trade With Mexico, Pushes Port Plan
Utah Gov. Spencer Cox unveiled the state’s agreement with Mexico to improve trade as Utah’s developing inland port marches ahead with a plan to become a global logistics connector.
Nikola Focuses on Hydrogen; Battery-Electric Trucks on Hold
Nikola Corp. is betting on a newly launched hydrogen big rig to regain its footing as the company said it wouldn’t deliver any electric trucks for the rest of the year after recent battery fires.
Werner Enterprises Reports Earnings Drop on Steady Revenue
Werner Enterprises experienced a year-over-year drop in earnings on a slight decrease in revenue during the third quarter, the company reported Nov. 1.