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.
TuSimple to Haul Union Pacific Goods Between Tucson, Phoenix
Self-driving truck developer TuSimple says Union Pacific Railroad will be its first customer to move freight on the company’s fully automated trucking route between Tucson and Phoenix, after making a test run on a similar route in December.
Employers Add 467,000 Jobs in January
WASHINGTON — U.S. employers added a burst of 467,000 jobs in January despite a wave of omicron infections that sickened millions of workers, kept many consumers at home and left businesses from restaurants to manufacturers short-staffed.
Google to Work With Ford on Detroit Research Hub
DETROIT — Ford Motor Co. announced Feb. 4 that Google is joining the automaker’s effort to transform a once-dilapidated Detroit train station into a research hub focused on electric and self-driving vehicles.
Schneider Reports 74% Earnings Increase for Q4
Schneider National saw a 74% year-over-year increase in net income for the fourth quarter of 2021, the company reported Feb. 3.
Werner Enterprises Reports $765M Revenue for Q4
Werner Enterprises experienced revenue and earnings growth during the fourth quarter of 2021, the company reported Feb. 3.
USA Truck Reports Q4 Growth
USA Truck's revenue and earnings increased during the fourth quarter year-over-year, the company reported Feb. 3.
Ford Profit Falls Short of Estimates Despite Rising Car Prices
Ford Motor Co. reported fourth-quarter earnings that missed analysts’ estimates despite a surge in prices for its vehicles, and warned of higher commodity costs in the year ahead.
January Class 8 Orders Plummet Compared With 2021
Class 8 orders in January plunged compared with a year earlier to just above 21,000, ACT Research reported.
Cummins Q4 Net Income Falls, Revenue Flat
Cummins Inc. reported a decline in fourth-quarter net income on flat revenue as supply chain constraints continued to present headwinds.
Utility Adds Dealership to Network
Utility Trailer Manufacturing Co. announced Double A Utility Trailers, a dealership located in northwestern Ohio, is now part of Utility’s dealer network.
February 3, 2022