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.
FedEx Freight’s Light Conquers Pennsylvania
This summer, the one time Mike Light focused all his energy on demonstrating the full prowess of his precision-driving skills, he took home Pennsylvania’s grand champion trophy.
Darling Ingredients Surges on California Proposal
Darling Ingredients soared the most in eight years after California signaled it may limit the use of seed oils in green diesel, which would be a boon to companies that use rival feedstocks.
Cargill Revenue Down as Trader Struggles With Profit Targets
Cargill Inc. took a revenue hit of almost 10% in its most recent fiscal year, a decline that comes amid signs of profit struggles at the world’s biggest crop trader.
Norfolk Southern Investing $200M to Boost Alabama Capacity
Norfolk Southern will invest $200 million to grow capacity on a key Alabama rail line in a freight corridor for agriculture, automotive, chemicals, forestry and steel goods.
Peterbilt Showcases Electric Vehicles
SONOMA, Calif. — Peterbilt is working with its dealers and customers to deploy end-to-end solutions for electric vehicle applications and meet regulatory requirements.
Kroger and Albertsons Spend More Than $800M on Merger Fees
Kroger Co. and Albertsons Cos. have spent more than $800 million on fees paid to lawyers, bankers and advisers for their proposed merger.
New Texas-Mexico Border Lanes Speed Up Commercial Traffic
U.S. CBP officers can now inspect more inbound trucks from Mexico at a border crossing into Texas since construction is complete on an $8 million project donated by the City of Pharr.
News: Bestpass & Drivewyze Join Forces in Major Acquisition
Bestpass-Fleetworthy Solutions has acquired connected truck and weigh station network operator Drivewyze, the companies announced Aug. 7.
August 13, 2024Class 8 Truck Sales End Nearly a Year of Declines
U.S. Class 8 retail sales ended 11 consecutive months of year-over-year declines with a small uptick in July, according to data from Wards Intelligence.
REPLAY: Coordinate - Learning Sessions for Equipment and Maintenance Executives
Parts supply chain management requires the precise coordination of a number of ingredients - sourcing the right parts, keeping your inventory up-to-date, maintaining your distribution network and more. Understanding the anatomy of the parts supply chain is key to meeting your current challenges and finding opportunities for optimization. What can you do to improve how you source parts? How proactive do you need to be in managing your inventory? And, does greater visibility into the links of the supply chain mean greater efficiency?
August 13, 2024