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.
Detroit/Wayne County Port Authority Eyes Reduced Emissions
The Detroit/Wayne County Port Authority is vowing to reduce the amount of carbon dioxide it releases as part of its operations and improve the authority’s environmental impact.
Japan Airlines to Debut Its First Freighter Planes in 13 Years
Japan Airlines Co. will introduce three new cargo planes for the first time in more than a decade, seeking to diversify revenue by tapping into global and local consumer demand.
DTNA's O’Leary: No Time to Waste Building EV Infrastructure
ANAHEIM, Calif. — DTNA chief John O’Leary called for the industry to move at “the speed of right” in developing electric vehicle infrastructure.
Kodiak Installs Autonomous Driving System on Electric Truck
ANAHEIM, Calif. — Autonomous truck developer Kodiak Robotics unveiled a battery-electric Class 8 truck equipped with its self-driving technology at the 2023 ACT Expo.
DHL Plans Third Air Cargo Hub in California
Greg Hewitt, CEO of DHL Express U.S., says company leadership is doubling down on its GoGreen Plus program, with a goal of being a net-zero emissions company by 2050.
Forward Air Reports Revenue and Earnings Decline for Q1
Forward Air Corp. experienced a year-over-year decline in revenue and earnings during the first quarter of 2023, the company reported May 1.
Diesel Prices Sink to an Average of $4.018 a Gallon
Diesel prices fell by an average of 5.9 cents a gallon in the past week to flirt with the $4 a gallon mark, settling at $4.018 a gallon, according to the Energy Information Administration.
FedEx Freight Plans Closure of 29 Locations
FedEx Freight informed team members internally May 1 that it will be closing 29 freight locations and furloughing certain job classes.
GAO Tells DOT to Update Freight Handbook
To improve real-time decisions in the commercial transportation sector, a new government watchdog report recommended the U.S. Department of Transportation update its freight guidance.
Penske to Acquire Michigan-Based Star Truck Rentals
Reading, Pa.-based Penske Truck Leasing plans to acquire Star Truck Rentals, a transportation services company that operates facilities in Indiana and Michigan.