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.

Business, Logistics

C.H. Robinson Reports Lower Revenue, Net Income for Q1

C.H. Robinson Worldwide experienced a year-over-year decline in revenue and earnings during the first quarter of 2024, the company reported May 1.

Connor D. Wolf | Staff Reporter
May 2, 2024
Government, Business, Fuel

Exxon to Close Pioneer Deal

The FTC declined to challenge Exxon Mobil’s $60 billion purchase of Pioneer Natural Resources but asserted that Scott Sheffield must not take a seat on the supermajor’s board.

May 2, 2024
Government, Business, Safety, Logistics

Body of Fifth Worker Found After Baltimore Bridge Collapse

BALTIMORE — Authorities said they have recovered the body of a fifth person who was missing after the collapse of the Francis Scott Key Bridge more than a month ago.

May 2, 2024
Business, Technology, Equipment

Daimler CEO: Lack of Electric Truck Chargers a Top Concern

The world’s biggest commercial vehicle maker warned that slow progress adding charging infrastructure is threatening the shift to zero-emission trucking.

May 2, 2024
Government, Business, Safety, Logistics

FRA: Union Pacific Undermined Regulators’ Safety Efforts

OMAHA, Neb. — Union Pacific managers undermined the U.S. government’s efforts to assess safety at the railroad in the wake of several high-profile derailment, federal regulators say.

Josh Funk | Associated Press
May 1, 2024
Government, Business, Safety, Logistics

Buttigieg Calls on Congress to Pass Rail Bill

More than a year after a train derailment in Ohio captured mainstream attention, the nation’s top transportation officer again called on Congress to advance a freight safety bill.

Eugene Mulero | Senior Reporter
May 1, 2024
Government, Business, Safety, For-Hire

Safety, HR Professionals Connect at ATA Conference

PHOENIX — More than 450 professionals came together to identify ways to improve the trucking industry at ATA's Safety, Security and Human Resources National Conference and Exhibition.

Mindy Long | Special to Transport Topics
May 1, 2024
Business, Equipment

Eaton Q1 Profit Jumps 28.7% as Margins Increase

Profits at Eaton Corp. soared in the first quarter as sales and margins jumped at the component manufacturer’s largest reporting unit — Electrical Americas.

Keiron Greenhalgh | Staff Reporter
May 1, 2024
Government, Business, Technology, For-Hire

Pitt Ohio Executive Targets EV Infrastructure

WASHINGTON — Ensuring electric commercial vehicles have reliable access to charging infrastructure remains a persistent challenge, a trucking executive recently told policymakers.

Eugene Mulero | Senior Reporter
May 1, 2024
Business, Logistics

Werner Posts Revenue, Earnings Decline for Q1

Werner Enterprises experienced a decline in revenue and earnings during the first quarter of 2024, the company reported April 30.

Connor D. Wolf | Staff Reporter
May 1, 2024