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, Technology, Fuel

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.

Noël Fletcher | Staff Reporter
May 4, 2023
Government, Business, TCA

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.

Kalea Hall and Riley Beggin | The Detroit News
May 4, 2023
Business

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, 2023
Business, Logistics, Top 100

Werner 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.

Connor D. Wolf | Staff Reporter
May 4, 2023
Government, Business, Technology, Safety

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.

Eric Miller | Senior Reporter
May 4, 2023
Business, Technology, Autonomous

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.

Michael Liedtke | Associated Press
May 4, 2023
Business, Logistics, Global Freight

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.

Christian Wienberg | Bloomberg News
May 4, 2023
Government, Business, Safety

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.

Noël Fletcher | Staff Reporter
May 4, 2023
Business, Logistics, Top 100

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. 

Connor D. Wolf | Staff Reporter
May 4, 2023
Government, Business, Safety, Logistics

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.

Ed Davey | Associated Press
May 4, 2023