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.
Clean Energy Investments Touted at Commerce Summit
NATIONAL HARBOR, Md. — President Joe Biden cited supply chain achievements and urged foreign investment as the Commerce Department held a networking event that included 70 countries.
UAW Demands Support for EV Workers Before Endorsing Biden
New leaders of the United Auto Workers are withholding the union’s endorsement for President Joe Biden’s re-election until he shows support for a “just transition” to electric vehicles, according to a letter sent by newly elected UAW President Shawn Fain.
TRM Equity Buys Some of National Railway Equipment's Assets
TRM Equity has acquired some of the assets of National Railway Equipment Co., the Southfield, Mich.-based private equity firm said May 2.
May 4, 2023Werner Reports Lower Q1 Earnings on Higher Revenue
Werner Enterprises’ revenue increased but earnings declined during the first quarter of 2023, the company reported May 3.
EPA Hearing Draws Environmental, Trucking Interests
More than 200 individuals weighed in on the Environmental Protection Agency's public hearing on its heavy-truck greenhouse gas emissions mandate.
Waymo Expands Efforts in Phoenix, San Francisco
Self-driving car pioneer Waymo announced May 4 that its robotaxis will be able to carry passengers through most of the Phoenix area for the first time.
Maersk Profits Slip in Q1, Forecasts Weak 2023
A.P. Moller-Maersk A/S, a bellwether for global trade, signaled weaker results for the rest of 2023 after reporting first-quarter operating profit that tumbled by more than half.
Wyoming to Replace Aging Twin Bridges Over I-80
Truckers traveling in Wyoming over Interstate 80, which sees the most truck traffic there, will be able to drive over two new bridges to be built mostly with a new Federal Railroad Administration grant.
XPO Reports $1.9 Billion Revenue for Q1
XPO Inc. experienced an increase in revenue despite a challenging freight environment during the first quarter of 2023, the company reported May 4.
Shipping Lobby Group Advises Caution on Climate Targets
An influential shipping industry group has quietly warned shippers to think carefully before they sign up for a new plan to reduce their contribution to climate change.