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, Equipment

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.

Keiron Greenhalgh | Staff Reporter
November 2, 2023
Government, Business, Safety, Logistics

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.

Matthew Brown | Associated Press
November 2, 2023
Government, Business, Logistics, TCA

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.

Jonathan D. Salant | Pittsburgh Post-Gazette
November 2, 2023
Business, Technology, Equipment, Safety, Logistics

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.

Connor D. Wolf | Staff Reporter
November 2, 2023
Business, Equipment

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.

Connor D. Wolf | Staff Reporter
November 2, 2023
Business, Logistics

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.

Connor D. Wolf | Staff Reporter
November 2, 2023
Government, Business, Logistics

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. 

Eugene Mulero | Senior Reporter
November 2, 2023
Government, Business, Logistics

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.

Noël Fletcher | Staff Reporter
November 2, 2023
Business, Technology, Fuel

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.

Sean O'Kane | Bloomberg News
November 2, 2023
Business, Logistics, For-Hire

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.

Connor D. Wolf | Staff Reporter
November 2, 2023