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

New Texas CDL Training, Exam Site Seeks Students, Testers

A 20-acre truck driving center that is able to process 20,000 commercial driver license exams annually at a Texas community college is looking for out-of-state students and testing companies.

Noël Fletcher | Staff Reporter
October 20, 2023
Business, Equipment

Trucking Economy May Land Softly, Mack’s Randall Says

AUSTIN, Texas — Mack Trucks North America President Jonathan Randall on Oct. 16 expressed hope the economy is heading for a “soft landing” instead of a more severe falloff.

Connor D. Wolf | Staff Reporter
October 20, 2023
Government, Business, Fuel

Middle East Crisis Could Disrupt Oil Supplies, Raise Prices

WASHINGTON — Fifty years after the 1973 Arab oil embargo, the current crisis in the Middle East has the potential to disrupt global oil supplies and push prices higher. 

October 20, 2023
Business, Technology, Fuel

Toyota Will Join Tesla’s EV Charging Network

Owners of Toyota and Lexus electric vehicles in North America will be able to charge on Tesla’s network starting in 2025, and the Japanese automaker also will start using Tesla’s EV connector.

October 19, 2023
Business, Logistics

CSX Quarterly Profit Falls 24%, but Efficiency Improves

OMAHA, Neb. — CSX reported a 24% drop in the railroad’s third-quarter profit Oct. 19 as it hauled 2% less freight, but the CEO said customers are noticing that its trains are running more smoothly.

Josh Funk | Associated Press
October 19, 2023
Business, Equipment

Volvo Reports 20% Revenue Boost for Q3, Sees Sales Dip in 2024

Volvo Group on Oct. 18 announced gains in global profit and revenue for the third quarter, but forecast that global truck sales next year will fall compared with 2023 levels.

Keiron Greenhalgh | Staff Reporter
October 19, 2023
Business, Technology, Logistics

Convoy Shuts Down After Failing to Find Buyer

Digital freight network Convoy Inc. was forced to shut its doors after no viable options to continue operations emerged, CEO Dan Lewis said in an Oct. 19 memo to employees.

Connor D. Wolf | Staff Reporter
October 19, 2023
Business, Logistics

Autonomous Trucks Could Create Safer Roads

Experts say technology goes beyond greater efficiency in freight transportation. Autonomous truck developers and their industry partners see opportunities for this technology to improve road safety and create more desirable jobs for drivers.  

October 19, 2023
Business, Logistics

ATA Chairman Boyle Views Selection as Opportunity to Serve

Andrew Boyle, co-president of Boyle Transportation, an Andlauer Healthcare Group company, knows the commitment that comes with being named chairman of American Trucking Associations. But he views it as an opportunity to serve.   

October 19, 2023
Business, Logistics

ATRI Top Issues, Spear State of the Industry Lead MCE Agenda

American Trucking Associations’ annual Management Conference & Exhibition in Austin will showcase insight, perspective and analysis meant to boost appreciation and understanding about the industry.   

October 19, 2023