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, Equipment

General Motors Reports Strong Q1 Profits

DETROIT — Despite a small dip in U.S. vehicle sales, General Motors’ first-quarter net income rose more than 25% on strong deliveries of pickup trucks and other higher-profit vehicles.

Tom Krisher | Associated Press
April 23, 2024
Business, Private

PepsiCo Beats Q1 Revenue Forecasts

PepsiCo reported better-than-expected revenue in the first quarter on strong international demand for its snacks and beverages.

Dee-Ann Durbin | Associated Press
April 23, 2024
Business, Logistics, For-Hire

UPS Reports 41% Earnings Drop During Q1

UPS Inc. experienced a 41.3% drop in earnings during the first quarter of 2024, the company reported April 23.

Connor D. Wolf | Staff Reporter
April 23, 2024
Business, Safety

Jury Finds BNSF Contributed to Two Asbestos Deaths

A federal jury on April 22 said BNSF Railway contributed to the deaths of two people who were exposed to asbestos decades ago when tainted mining material was shipped through a Montana town.

April 22, 2024
Business, Safety

Pre-Trip Prowess Powers Nevada’s Hart to Grand Champion Crown

Matt Hart, a scrappy driver with FedEx Freight, surpassed a competitive field to take home grand champion honors at Nevada’s Truck Driving Championships on April 6.

Eugene Mulero | Senior Reporter
April 22, 2024
Government, Business, Perspective

Perspective: EB-3 Visa Provides Route to Labor Solution

Increasingly, trucking companies' search for truck drivers is moving beyond U.S. borders as immigration programs become a greater focal point.

John E. Dorer | CEO, eb3.work
April 22, 2024
Business

Panel at Motive Summit Tells Women to Be Persistent

NASHVILLE, Tenn. —Women who have achieved success in trucking have advice for women wanting to break into and move up the ladder in the industry: Be determined, persist and stay the course.

Eric Miller | Senior Reporter
April 22, 2024
Business, Equipment, Safety

E-Smart Introduces Backing Speed Management System

The speed management provider E-Smart is adding a backing speed limiter feature for facilities to its services, the company announced April 22.

Connor D. Wolf | Staff Reporter
April 22, 2024
Government, Business, Private

Kroger, Albertsons Agree to Divest More Stores

Kroger Co. and Albertsons Cos. agreed to divest more stores to C&S Wholesale Grocers, seeking to make their planned $24.6 billion merger more appealing to antitrust authorities.

John J. Edwards III | Bloomberg News
April 22, 2024
Government, Business, Technology, TCA

Georgia Demands Rivian Secure, Maintain Factory Site

Electric vehicle maker Rivian said it is working to secure and maintain the site of its planned Georgia factory, as well as preparing the land for vertical construction as soon as it can move forward with the $5 billion project.

J. Scott Trubey | The Atlanta Journal-Constitution
April 22, 2024