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.
Mississippi River Dries Up Again at Worst Time for Farmers
The Mississippi River is suffering from low waters for the third straight autumn, a crucial time of year when American farmers rely on the route to deliver their crops to the world.
Ship Owner in Baltimore Bridge Collapse to Pay $102 Million
WASHINGTON — The owner and manager of the cargo ship that caused the deadly Baltimore bridge collapse have agreed to pay more than $102 million in cleanup costs to settle a DOJ lawsuit..
Biden Greenlights Lithium Mine in Race to Secure Supply
Ioneer Ltd.’s Rhyolite Ridge Lithium-Boron Project in Nevada has received its federal permit from the Bureau of Land Management, according to a company statement Oct. 24.
Ryder Q3 Profit Slides Even as Acquisitions Boost Revenue
Looking forward, Chief Financial Officer John Diez said Ryder expects earnings growth in the fourth quarter as a result of its contractual portfolio.
GM Sees Timing Issue as Canada Reduces EV Rebates
“Just as mandates and regulations start to bite, the timing is not necessarily lining up very well, in that the purchase incentive support comes off,” GM Canada's president said.
GSA Awards $33.2M for Pacific Highway Port Modernization
The U.S. General Services Administration has awarded a $33.2 million contract to modernize Washington state’s busiest commercial border crossing with Canada.
Mullen Group Q3 Earnings Dip Despite Revenue Growth
The Okotoks, Alberta-based company posted net income of C$38.3 million, or 41 cents a diluted share, for the three months ending Sept. 30.
Knight-Swift Reports Nearly $1.9B in Revenue for Q3
Knight-Swift Transportation Holdings experienced a 49.4% decline in earnings year over year during the third quarter of 2024, the company reported Oct. 23.
Mack Trucks Brings All Cab Assembly In-House
Volvo Group closed a $40 million deal to buy Commercial Vehicle Group’s Kings Mountain, N.C., cab assembly operations in early October, it said when releasing third-quarter 2024 earnings.
Isaac Introduces Analytics Platform and First AI Features
DALLAS — In-cab technology supplier Isaac Instruments is rolling out a new analytics platform and its first set of features powered by AI to help fleets derive more value from their data.