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.
Old Dominion Freight Line Reports Strong Q1 Growth
Old Dominion Freight Line saw revenue and net income rise for the first quarter of 2021, the company reported April 22.
TMC Panelists Offer Guidance on Mentorship, Professional Development
Mentorship programs that offer information to both people involved can be a valuable tool for transportation companies, according to panelists during a session of the Technology & Maintenance Council’s service provider study group.
Canadian Pacific Posts Q1 Earnings, Discusses Rival Bid for Kansas City Southern
Canadian Pacific officials aggressively defended their planned $25 billion acquisition of Kansas City Southern, announced in March, during a conference call April 21 regarding first-quarter earnings.
Sen. Tom Carper Says USPS Should Buy More Electric Vehicles
The U.S. Postal Service should include more electric vehicles in its new fleet than it first envisioned when it awarded a $6 billion contract to Oshkosh Corp., a U.S. senator told nominees to the service’s board.
Mullen Posts Increased Q1 Earnings on Declining Revenue
Mullen Group nearly tripled its earnings but saw revenue decline in the first quarter as growth was hindered by Canada’s slow recovery from the COVID-19 pandemic.
C.R. England Announces Historic Driver Pay Increase
C.R. England is implementing the largest overall percentage driver-pay increase in its history, the carrier announced April 22.
FMCSA Proposes Four-Year Rebuild Delay of Its Medical Examiners Website
Federal trucking regulators have proposed delaying for four years completion of a redesign for a web-based national registry of certified medical examiners, citing information technology-related challenges with the effort.
Biden Pledges 52% Cut in Fossil Fuel Emissions by 2030
President Joe Biden convened leaders of the world’s most powerful countries on April 22 to try to spur global efforts against climate change.
Volvo Group Sees More Risk From ‘Unstable’ Chip Supply Chain
Volvo Group said it may see further disruption from the semiconductor shortage that has forced the truck maker to idle plants, potentially hobbling a recovery that has seen orders more than double.
Jobless Claims Fall to Pandemic Low as Economy Accelerates
Applications for U.S. state unemployment insurance unexpectedly plunged to a fresh pandemic low as the job market recovery gathers steam.