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.
How to Avoid Pest Delays to Your Logistics Operations
Program Aired: October 27, 2022 Whether you’re moving goods, storing them, or doing both, your customers expect their products on time and without errors. Any signs of pest activity can have a ripple effect on your business and your employees which is why it’s important to prevent them. Join Orkin entomologist, Ian Williams, BCE, for an educational webinar where you will learn about how costly pests can be for the logistics industry and get proactive tips you can use to help ensure your business operates without pest delays.
October 27, 2022Schneider Reports 16% Revenue Increase to $1.68B for Q3
Schneider reported quarterly growth amid normalizing market conditions during the third quarter, the company reported Oct. 27.
NHTSA Plans Survey, Research to Find Out Why Drivers Speed
With continuing concerns about speeding on the nation’s highways, the National Highway Traffic Safety Administration plans to conduct a survey-research effort to ask 1,500 drivers with one or more recent speeding tickets why they speed — and why others with no violations don’t speed.
Dana Reports Q3 Net Loss, Revenue Gain
Dana Inc. posted mixed results in the third quarter, citing ongoing supply and production disruptions.
Wyoming Group: Most Local Refineries Sell Fuel Elsewhere
Most of Wyoming’s output of diesel, renewable diesel and biodiesel is sent to other states rather than being used locally.
Wabash Notches Records in Q3
Wabash reported record quarterly revenue and earnings per share as net income in the third quarter more than tripled and its backlog rose to an all-time Q3 high of $2.3 billion.
Used Class 8 Market Softens More in September
Used Class 8 sales in the U.S. were down again in September, the average retail price fell, too, and likely steeper declines are ahead, ACT Research reported.
Ford Cuts Investment in Autonomous Vehicle Unit Argo
Ford is pulling out of its investment in Argo AI, an autonomous vehicle company that it jointly owns, mainly with Volkswagen.
October 26, 2022Second Railroad Union Rejects Deal, Adding to Strike Worries
A second railroad union rejected its deal with the major U.S. freight railroads on Oct. 26, reflecting workers’ increasing frustration with the lack of paid sick time in the industry and adding to concerns about the possibility of a strike next month that could cripple the economy.
Government Awards $1 Billion to Schools for Electric Buses
Nearly 400 school districts spanning all 50 states and Washington, D.C., along with several tribes and U.S. territories, are receiving roughly $1 billion in grants to purchase about 2,500 “clean” school buses under a new federal program.