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.
Hyliion Reports Modest Q3 Revenue as Net Loss Widens
Hyliion Holdings Corp., which went public in 2020, reported a higher net loss on modest revenue in the third quarter. But the electrified powertrain provider ended the quarter with over $455 million of cash and marketable investments.
EPA to Consider Tougher Locomotives Emissions Rules
The Environmental Protection Agency said Nov. 9 it will consider adopting stricter rules on locomotive emissions in response to concerns raised by California regulators.
Don’t Get Stuck with Decal – KWIK ZIP™ IT!
Program Aired: November 10, 2022, 2 p.m. ET. Would you believe that in the time it takes to enjoy this webinar, your trailer could be equipped with the KWIK ZIP™ System and new graphics? It's true! The revolutionary KWIK ZIP™ offers ultra-premium, long-term graphics that can be installed or changed out in less than an hour. (10) 53' trailer graphic installations in 1 day? No problem with KWIK ZIP™!
November 10, 2022Nicole Lashes Florida With Rain, Leaves Thousands Without Power
Nicole, now a tropical storm, is lashing central Florida with heavy rain and powerful wind, leaving a trail of blackouts and floods.
November 10, 2022Inflation Slowed More Than Forecast in October
U.S. inflation cooled in October by more than forecast, offering hope that the fastest price increases in decades are ebbing and giving Federal Reserve officials room to slow down their steep interest rate hikes.
Governor Puts North Carolina on Fast Track for Zero-Emission Trucks
Gov. Roy Cooper signed an executive order positioning North Carolina to be a national leader in making and using zero-emission medium- and heavy-duty vehicles.
Georgia Gov. Brian Kemp Extends Gas Tax Holiday
Georgia Gov. Brian Kemp signed two executive orders Nov. 4 to extend the supply chain emergency status and temporarily suspend state diesel and gas taxes through Dec. 11.
Daseke Reports Mixed Q3 Financials
Daseke Inc.’s earnings declined despite revenue gains during the third quarter, the company reported Nov. 9.
Report Says DOT ‘Management Challenges’ Include Reducing Highway Fatalities
A new Department of Transportation inspector general report concluded that DOT’s key 2023 “management challenges” range from reducing highway fatalities to successfully implementing the variety of Infrastructure Investment and Jobs Act programs.
Holiday Retail Sales Pace Likely to Be Slower, but Still Solid
The retail holiday season is expected to be solid as economists and other experts say sales should increase between 6% and 8% over 2021’s record 14% increase from 2020.