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.
Canadian National Reports Strong Q4 Earnings
Canadian National Railway reported healthy fourth-quarter income and revenue.
Biden Signs Ambitious Climate Change Orders
WASHINGTON — In the most ambitious U.S. effort to stave off the worst effects of climate change, President Joe Biden issued executive orders Jan. 27 to cut oil, gas and coal emissions and double energy production from offshore wind turbines.
January 27, 2021Freight Stakeholders Push Congress on Infrastructure Package
Consideration of a major infrastructure policy package aimed at improving access to commercial corridors would enhance the freight industry’s distribution of goods in the coming years, stakeholders said during a recent forum hosted by the U.S. Chamber of Commerce.
Knight-Swift Reports Rise in Profit, Revenue for Q4
Knight-Swift Transportation Holdings Inc. reported a surge in net income and higher total revenue for the fourth quarter of 2020, the company reported Jan. 27.
Shortages, Economy Top Concerns in Aftermarket Sector
Shortages of technicians and drivers, and general economic growth topped the list of concerns in the aftermarket sector, an industry analyst said Jan. 26.
Nikola Backer Luxor Invests in European Electric Truck Startup
Nikola Corp. backer Luxor Capital Group LP is investing in European electric truck startup Volta Trucks AB to help the company scale its manufacturing and expand into North America and Asia.
Walmart to Build More Robot-Filled Warehouses at Stores
NEW YORK — Walmart is enlisting the help of robots to keep up with a surge in online orders.
C.H. Robinson Posts Strong Q4 Numbers, Mixed Annual Results
C.H. Robinson Worldwide posted large gains in both profit and revenue during the fourth quarter, but its annual results were mixed because of the economic effects of the COVID-19 pandemic.
Remote Work, AI Impact Transportation Logistics Space
Remote work and artificial intelligence are helping to reshape the transportation logistics sector, a technology entrepreneur said Jan. 26.
FMCSA Announces Proposal to Amend Driver Vision Standard
A new regulation would allow truck drivers who cannot meet current federal vision standards of either distant visual acuity or field of vision, or both, in one eye to be physically qualified to operate a commercial motor vehicle in interstate commerce.