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.
TravelCenters of America Posts Higher Net Income, Revenue in Q3
TravelCenters of America Inc. saw net income and revenue climb in the third quarter amid strength in nearly all business lines.
ArcBest Reports Record Revenue for Q3
ArcBest saw its highest quarterly revenue and operating income in its history during the third quarter, the company reported Nov 2.
Walmart to Hire Drivers, Supply Chain Workers in N.Y. Capital Region
Retail giant Walmart plans to hire thousands of “supply chain associates” nationwide ranging from warehouse workers to truck drivers during a job fair Nov. 3-4.
US Says Oil, Gas Sales Damage Climate — But Won’t Stop Them
The Biden administration is planning to sell oil and gas leases on huge tracts of public land in the U.S. West, despite the Interior Department’s conclusion that doing so could cost society billions of dollars in climate change impacts.
Rush Reports Rise in Q3 Income, Revenue
North American truck dealership Rush Enterprises Inc. reported a jump in third-quarter net income and slightly more revenue as demand for trucks, services and aftermarket rose.
AASHTO Pushes US House Vote on Highway Bill
Congressional approval of a multiyear highway policy measure would enhance state transportation agencies’ ability to plan long term for infrastructure projects. That is the message from the organization representing the country’s departments of transportation.
Expeditors International Posts Large Q3 Profit Increase
Expeditors International of Washington posted third-quarter gains in profit and revenue as the logistics company capitalized on tight freight capacity and soaring prices.
Cummins Posts Q3 Income, Revenue Gains
Cummins Inc. reported strong medium- and heavy-duty engine sales amid global growth, despite moderating demand in China, led to increased net income and revenue in the fiscal third quarter.
Ford’s Climb Takes Stock Above Levels Last Seen Under Mulally
Ford Motor Co.’s shares have climbed steeply over the past couple of months, pushing them to levels last seen when Alan Mulally — the former CEO who is often called the company’s savior — was at the wheel.
Marathon Petroleum Weighs the Sale of Alaska Refinery
Marathon Petroleum Corp. is weighing a sale of its Kenai refinery in Alaska as the U.S.’ largest independent crude processor seeks to further streamline operations.