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

US Ports Report Continued Volume Gains in First Quarter

U.S. ports closed out the first quarter in March with continued year-over-year increases in container volumes.

Connor D. Wolf | Staff Reporter
April 30, 2024
Government, Business, Safety, Fuel

New Montana I-90 Rest Area Adds 35 Truck Parking Spots

Montana is progressing on plans to provide more truck parking along its busiest freight route on Interstate 90.

Noël Fletcher | Staff Reporter
April 30, 2024
Government, Business, Safety

FMCSA Denies Florida’s CDL Skills Test Petition

The Federal Motor Carrier Safety Administration has told a Florida licensing agency that CDL applicants cannot continue taking a skills test after failing the pre-trip inspection.

Eric Miller | Senior Reporter
April 30, 2024
Business, For-Hire

ArcBest Reports $1 Billion Revenue for Q1

ArcBest saw its bottom line swing from a profit to a loss and posted a decline in revenue during Q1 on the heels of market softness and weather-related delays, the company reported.

Connor D. Wolf | Staff Reporter
April 30, 2024
Business, Logistics

Saia Q1 Profit Increases 19.2% as Revenue Rises 14.3%

Saia Inc. posted a 19.2% increase in profits in the first quarter of 2024 but undershot analyst and market expectations, even as key metrics improved.

Keiron Greenhalgh | Staff Reporter
April 30, 2024
Business, Logistics

GXO Completes Acquisition of UK-Based Wincanton

GXO Logistics has completed its acquisition of the U.K.-based transport and logistics services company Wincanton, the company announced April 29.

April 30, 2024
Business, Private

ADM Shares Fall as CEO Cites Transition From Boom Years

Archer-Daniels-Midland Co.’s shares slumped as the agribusiness giant warned of pressured margins for the remainder of the year, even as quarterly earnings beat estimates.

Gerson Freitas Jr. | Bloomberg News
April 30, 2024
Business, Logistics, Autonomous

Waabi Opens Texas Terminal as Hub for Self-Driving Trucks

Waabi Innovation opened a terminal in Lancaster, Texas, to serve as the center of the company’s operations in the state, which are at the heart of the self-driving truck specialist’s ambitions.

Keiron Greenhalgh | Staff Reporter
April 30, 2024
Business, Technology

REPLAY: ROTATE - Learning Sessions for Equipment and Maintenance Executives

Join us for conversations that will help you ensure your fleet and your trucks put their best foot forward with the right tire management strategy.

April 30, 2024
Business, Equipment, TCA

Stellantis Shipments Fall Amid Transition to New Vehicles

Stellantis NV said its first-quarter revenue decreased 12% to $44.7 billion compared to last year as the company transitions to making a number of next-generation vehicles.

Luke Ramseth | The Detroit News
April 30, 2024