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.
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.
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, 2024Daimler 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.
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.
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.
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.
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.
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.
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.
Performance Food Group Takes Electric Plunge
Performance Food Group has seven electric trucks, supported by an array of charging stations, an upcoming installation of solar panels and a fleet of all-electric refrigerated trailers.