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.
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, 2024Two 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.
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.
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, 2024DTNA, 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.
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.
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.
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.
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.
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.