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

Interactive Map: Where the 2022 Top 100 For-Hire Carriers Are in North America

Find out where the 2022 Top 100 For-Hire Carriers are located by regions and by state in North America with our interactive map.

July 29, 2022
Business, Equipment

Rush Notches Record Q2 Net Income, Revenue

Truck dealership Rush Enterprises Inc. reported record second-quarter net income and revenue, citing strong freight demand and consumer spending that resulted in increased sales of commercial vehicles, parts and services.

Roger Gilroy | Senior Reporter
July 29, 2022
Business

Walmart Hawks Refurbished Goods to Inflation-Squeezed Shoppers

Walmart Inc. has a new sales pitch for consumers contending with soaring prices: Buy used goods.

Brendan Case | Bloomberg News
July 29, 2022
Government, Business, Fuel, Autonomous, TCA

Buttigieg Praises West’s Green Energy Potential

Motorists taking advantage of electric vehicle tax breaks contained in a $739 billion Senate bill introduced this week will be well-served by existing and planned infrastructure in the West, Transportation Secretary Pete Buttigieg said in Coeur d’Alene, Idaho, on July 29.

Kip Hill | The Spokesman-Review, Spokane, Wash.
July 29, 2022
Government, Business, Logistics

CP Announces Q2 Earnings, Moves Forward With Efforts to Acquire KCS

Canadian Pacific Railway posted a drop in net income but an increase in revenue for the second quarter, as it confronts renewed opposition to its planned acquisition of Kansas City Southern Railroad.

Dan Ronan | Senior Reporter
July 29, 2022
Business, Technology, Fuel, Autonomous

Musk-Twitter Trial to Start Oct. 17

Twitter Inc.’s lawsuit against Tesla CEO Elon Musk over a canceled $44 billion buyout of the social media platform is set for a five-day trial starting Oct. 17 in Delaware, a judge ruled.

Jef Feeley | Bloomberg News
July 29, 2022
Business, Fuel

Major Oil Drillers Saw Unprecedented Profit as Prices Soared

NEW YORK — Oil companies swam in record profits over the last few months at a time when Americans struggled to pay for gasoline, food and other basic necessities.

Cathy Bussewitz | Associated Press
July 29, 2022
Government, Business

Key Inflation Gauge Reaches 6.8% as Prices Keep Surging

WASHINGTON — An inflation gauge that is closely tracked by the Federal Reserve jumped 6.8% in June from a year ago, the biggest increase in four decades, and leaving Americans with no relief from surging costs.

Christopher Rugaber | Associated Press
July 29, 2022
Business, Logistics, Private

Amazon Reports Strong Sales That Ease Fears of Slowdown

Amazon .com Inc. reported revenue that topped estimates and gave a strong sales forecast for the current quarter, allaying investor concerns about potential belt-tightening by inflation-rattled consumers. Shares jumped more than 10% in extended trading.

Spencer Soper | Bloomberg News
July 28, 2022
Government, Business, Technology, Logistics

Congress Approves Semiconductor, Supply Chain Bill

Legislation to boost domestic semiconductor manufacturing while improving freight access along the nation’s supply chains was sent to President Joe Biden’s desk July 28.

Eugene Mulero | Senior Reporter
July 28, 2022