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.

Government, Business, Safety, Logistics

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.

October 25, 2024
Government, Business, Safety

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..

October 25, 2024
Government, Business, Technology, Fuel

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.

Yvonne Yue Li | Bloomberg News
October 24, 2024
Business, Logistics, For-Hire, Top 100

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.

Keiron Greenhalgh | Staff Reporter
October 24, 2024
Government, Business, Technology, Fuel

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. 

Thomas Seal | Bloomberg News
October 24, 2024
Government, Business, Technology, Logistics

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.

Noël Fletcher | Staff Reporter
October 24, 2024
Business, Logistics, For-Hire, Top 100

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.

Connor D. Wolf | Staff Reporter
October 24, 2024
Business, For-Hire

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.

Connor D. Wolf | Staff Reporter
October 24, 2024
Business, Equipment

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.

Keiron Greenhalgh | Staff Reporter
October 24, 2024
Business, Technology, Equipment, Safety

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.

Seth Clevenger | Managing Editor, Features and Multimedia
October 24, 2024