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.
Forward Air Posts Q2 Loss, but Revenue Soars on Acquisition
Despite the reported net loss, investors appeared to be responding positively. It was primarily due to a one-time goodwill impairment charge related to the Omni acquisition.
Occidental Raises Production on CrownRock Acquisition
Occidental Petroleum Corp. raised its production and capital spending plans for this year after closing its $10.8 billion acquisition of CrownRock LP earlier this month.
ChargePoint Deploys New Plugs to Fit Teslas and Non-Teslas
ChargePoint Holdings is deploying a new plug that the company says most any battery-powered car can use, as automakers rapidly adopt the connector standards developed by Tesla.
Road to NTDC Spotlight: Raymond Simon
Based on his resume, it’s logical to conclude that Raymond Simon is the modern era’s greatest of all time, or GOAT.
EPA Probes Biodiesel Supply Chains as Fraud Concerns Mount
The Biden administration is following the paper trails of some biodiesel producers amid heightened concern the fuels are at times being made with deceptive ingredients, violating federal law.
Fertilizer Giant Nutrien Names New CFO Amid Industry Swoon
Nutrien Ltd. named a new chief financial officer amid an industry downturn that has eroded the fertilizer giant’s profits.
Senate Republicans Ramp Up EV Resistance
Before leaving Washington for a six-week summer break, senior Senate Republicans again pushed back on the White House’s electric vehicle agenda.
RXO Faces Revenue Decline, Net Loss in Q2
The Charlotte, N.C.-based asset-light transportation provider posted a net loss of $7 million, or 6 cents a diluted share.
Wisconsin ‘Trooper in a Truck’ Event Promotes Safety
Wisconsin State Patrol troopers and the Wisconsin Motor Carriers Association recently held their third annual Trooper in a Truck safety campaign to tackle distracted driving.
NHTSA Seeks Information From Tesla on Fatal Cybertruck Crash
DETROIT — Federal safety authorities say they are seeking information on a crash and fire involving a Tesla Cybertruck that killed a driver of the futuristic new pickup.
August 7, 2024