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.
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.
PepsiCo Beats Q1 Revenue Forecasts
PepsiCo reported better-than-expected revenue in the first quarter on strong international demand for its snacks and beverages.
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.
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.
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.
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.
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.
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.
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.
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.