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.
Yellow Reports Mixed Q4, 2021 Results
Less-than-truckload carrier Yellow Corp. reported mixed year-over-year fourth-quarter and full year earnings.
House Debates Supply Chain Semiconductor Bill
Democratic leaders in the U.S. House of Representatives signaled the likelihood of advancing legislation meant to enhance supply chain connectivity.
Kansas City Southern Earnings Rise
As it undertakes a $30 billion merger, Kansas City Southern released its fourth-quarter and full-year 2021 financial report on Jan. 28.
Government Aims to Streamline CDL Process
The Federal Motor Carrier Safety Administration amended its regulatory guidance to clarify that federal statutes and regulations do not prohibit third-party testers from administering commercial driver license learner permit knowledge tests.
Jobless Claims Decline for Second Week as Omicron Eases
Applications for U.S. state unemployment insurance fell for a second week, partially unwinding a recent spike in claims as the omicron wave recedes.
Bulk Shipping Rates Extend Slide on Weak Demand From China
A slowdown in China’s steel production is curbing demand for bulk ships to transport iron ore, driving a steady decline in global freight rates from October’s peak.
Productivity Increases by the Most in More Than a Year
U.S. productivity surged last quarter by the most in more than a year, reflecting a sharp acceleration in economic output, while labor costs growth cooled.
Old Dominion Posts Record Annual Result
Old Dominion Freight Line reported gains in fourth-quarter profit and revenue and record results for the entire year, and the company's CEO says it is positioned for a strong 2022.
Study Tallies Massive Growth in Electric Truck Orders
Electric trucks comprise a fraction of the commercial vehicle fleet in the U.S., but orders in the pipeline — including one from a prominent online seller — could make the numbers spike in coming years, a study said.
C.H. Robinson Reports 55.7% Earnings Surge for Q4
C.H. Robinson Worldwide saw net income soar during the fourth quarter of 2021, the company reported Feb. 2.