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, Technology, Equipment

Cummins Supplies Most Class 8 Engines in First Half

In the first half of 2022 independent engine maker Cummins Inc. supplied a leading 47,713 Class 8 diesel engines, or 35.5% of the 134,373 used, Wards Intelligence reported.

Roger Gilroy | Senior Reporter
August 8, 2022
Business, Technology, Equipment, Fuel

Lightning eMotors Sees Specialty CEVs as Next Frontier

Medium-duty electric commercial vehicles from box trucks to specialty applications are anticipated to play a large role as regulators and businesses turn to axing greenhouse gas and carbon emissions in the years ahead.

Roger Gilroy | Senior Reporter
August 8, 2022
Government, Business, Safety, Logistics

Oregon Eyes Tolling Portland Region’s Interstates

Oregon is asking for public input on a congestion pricing plan to impose tolls on all lanes of Portland’s two interstates that would result in commercial trucks paying higher rates than passenger vehicles.

Noël Fletcher | Staff Reporter
August 8, 2022
Government, Business, Logistics, TCA

STB Says ‘Train Noise’ Would Be Only Negative Impact of CP-KCS Merger

The Surface Transportation Board’s Office of Environmental Analysis determined the only potential adverse impacts of Canadian Pacific’s proposed merger with Kansas City Southern would be train noise, according to the STB’s Draft Environmental Impact Statement released Aug. 5.

Thomas Lott | Laredo Morning Times, Texas
August 8, 2022
Business, Logistics, For-Hire, Top 100

XPO Posts Strong Q2 Earnings Amid Upcoming Leadership Change

XPO Logistics Inc. on Aug. 4 reported record revenue and net income for the second quarter, part of a busy week for the Greenwich, Conn.-based company.

Dan Ronan | Senior Reporter
August 5, 2022
Business, Technology, Equipment

Nikola Reports $18.1 Million Revenue

Nikola Corp. reported its first meaningful revenue and said it’s on track to deliver as many as 500 electric big rigs to customers this year.

Connor D. Wolf | Staff Reporter
August 5, 2022
Business, Technology, Equipment

CVG Q2 Results Slide

Diversified supplier Commercial Vehicle Group Inc. reported second-quarter net income and revenue fell, and new pricing began in July.

Roger Gilroy | Senior Reporter
August 5, 2022
Government, Business, Technology, Safety

NHTSA Probes Tesla Crashes That Killed Two Motorcyclists

DETROIT — Two crashes involving Teslas apparently running on Autopilot are drawing scrutiny from federal regulators and point to a potential new hazard on U.S. freeways: The partially automated vehicles may not stop for motorcycles.

Tom Krisher | Associated Press
August 5, 2022
Government, Business, Logistics

Labor Chief Sees No Sign of Strike, Lockout in West Coast Port Talks

Labor Secretary Marty Walsh said he sees no signs of a strike or a lockout looming in the contract negotiations between dockworkers and employers at some of the nation’s most important ports, even as talks continue without a contract.

August 5, 2022
Government, Business

Democrats Say They’ve Reached Agreement on Economic Package

WASHINGTON — Senate Democrats have agreed to eleventh-hour changes to their marquee economic legislation, they announced late Aug. 4, clearing the major impediment to pushing one of President Joe Biden’s paramount election-year priorities through the chamber in coming days.

Alan Fram | Associated Press
August 5, 2022