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.
DSV to Kick Off Bond Sale Early to Finance DB Schenker Deal
Danish transport company DSV will start a large bond sale as soon as this year to help pay for its $15.4 billion takeover of DB Schenker ahead of an expected completion in 2025.
FAA Issues Rule That Moves Air Taxis Closer to Takeoff
Federal regulators gave a strong push to electric-powered air taxis Oct. 22 by issuing a final rule for operating the aircraft and how pilots will be trained to fly them.
October 23, 2024Carriers Feel Insurance Premium Pinch as Cargo Theft Climbs
When it comes to cargo theft, thieves can — and do — steal anything. As more cargo goes missing, insurance premiums for policies to cover the losses start edging higher.
Colorado OKs Tax Relief for Hurricane-Affected Residents
“Tax deadlines should be the last thing that families impacted by these natural disasters are worried about,” Colorado Gov. Jared Polis said.
Paccar Q3 Profit Falls 20.9%, Tops Analyst Expectations
Paccar Inc.’s profit in the third quarter fell as the truck market continues to normalize, but still beat analyst expectations.
West Virginia Invests $4.7M in Road Safety Tech Upgrade
The goal is for the state to use technology to lower weather-related vehicle crashes in West Virginia by warning drivers with real-time alerts about dangerous roadway conditions.
Uber Freight Ups Cross-Border Business as Nearshoring Booms
The Chicago-based logistics platform has seen significant growth, reporting a 77% year-over-year increase in cross-border business from shippers and more than 2,000 daily shipments.
Stellantis Sees Ram Sales Rebound as Inventories Shrink
Ram brand sales are up 35% to 40% so far in October, Ram and Chrysler CEO Chris Feuell said at a Reuters automotive conference in Detroit Oct. 22.
Lynden Transport Selected to Deliver Capitol Christmas Tree
Lynden Transport will carry the Capitol Christmas Tree from Alaska to the nation’s capital later this year.
ATA Truck Tonnage Drops 2.1% in September After Gains
Freight tonnage ended two months of sequential gains with a decline in September, American Trucking Associations reported Oct. 22.