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.

Government, Business, Technology

Supreme Court Rejects Musk Appeal Over Tesla Tweets

WASHINGTON — The Supreme Court rejected an appeal from Elon Musk over a settlement with securities regulators that requires him to get approval in advance of some tweets that relate to Tesla.

April 29, 2024
Government, Business, Technology

Two Texas Colleges Win Grants to Train 660 CDL Students

Texas has awarded a total of $617,490 to two Texas colleges to train some 660 students to become heavy and tractor-trailer truck drivers.

Noël Fletcher | Staff Reporter
April 29, 2024
Business, Logistics

Cleveland-Cliffs Backs Ancora in Norfolk Southern Fight

Cleveland-Cliffs Inc., a major customer of Norfolk Southern Corp., has backed activist investor Ancora Holdings Group in its effort to overhaul the board of the railway company.

Crystal Tse | Bloomberg News
April 29, 2024
Government, Business, Technology, Safety

NHTSA Investigates Ford Crashes Involving Blue Cruise

DETROIT — Two fatal crashes involving Ford’s Blue Cruise partially automated driving system have drawn the attention of U.S. auto safety regulators.

April 29, 2024
Business

DTNA, UAW Ink Tentative Labor Deal for Freightliner Plants

Daimler Truck North America inked a tentative four-year labor agreement with the UAW on April 26, hours before the prior deal at Freightliner manufacturing sites in the U.S. was set to expire.

Keiron Greenhalgh | Staff Reporter
April 27, 2024
Business, Equipment

Labor Deal Signing Bonuses Dampen Record Allison Sales

Signing bonuses linked to a labor contract ratified by United Auto Workers members in January hurt profits at Allison Transmission Holdings in the first quarter of 2024.

Keiron Greenhalgh | Staff Reporter
April 26, 2024
Business, For-Hire

TFI Profit Falls 17.1% on ‘Worse Than Expected’ Market

Profits at TFI International fell 17.1% year-over-year in the first quarter of 2024 on the back of what CEO Alain Bédard said was a particularly weak freight environment.

Keiron Greenhalgh | Staff Reporter
April 26, 2024
Business, Logistics

Universal Logistics Reports 12.5% Revenue Boost for Q1

Universal Logistics Holdings well surpassed expectations with both revenue and earnings increasing year-over-year during the first quarter of 2024, the company reported.

Connor D. Wolf | Staff Reporter
April 26, 2024
Government, Business, Technology, Fuel

Commercial Hydrogen Fueling Station to Open in California

OAKLAND, Calif. — FirstElement Fuel will open what it is calling the world’s first heavy-duty high-flow hydrogen fueling facility to the public in May. 

Mindy Long | Special to Transport Topics
April 26, 2024
Government, Business, Safety

BNSF Signs On to Federal Safety Hotline for Some Workers

OMAHA, Neb. — BNSF will become the second major freight railroad to allow some of its employees to report safety concerns anonymously through a federal system without fear of discipline.

Josh Funk | Associated Press
April 26, 2024