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.
Phillips Industries to Launch Trailer Back-Up Camera Rear-Vu
NEW ORLEANS — Phillips Industries soon will begin offering a rear-facing trailer back-up camera that the company’s top executive said will be its biggest-ever product launch.
NACFE, RMI Release New Report on SuperTruck 2 Findings
NEW ORLEANS — The North American Council for Freight Efficiency and RMI released a report assessing the commercial vehicle technologies researched as part of the SuperTruck 2 program.
Waymo Granted OK to Expand Service in California
SAN FRANCISCO — California regulators on March 1 authorized Waymo to expand services of its fleet of robotaxis into Los Angeles and to cities on the peninsula south of San Francisco.
March 3, 2024TruckWings Aero Device Shows 6% Fuel-Economy Improvement
NEW ORLEANS — The TruckWings tractor-mounted aerodynamic device, which closes the gap between the cab and trailer, showed fuel-efficiency gains for diesel and CNG trucks in recent tests.
OPEC+ Extends Oil Cuts Through June
OPEC+ extended its oil supply cutbacks to the middle of the year in a bid to avert a global surplus and shore up prices.
March 3, 2024Freight Rail Layoffs Renew Concerns About Safety and Service
The latest rail layoffs, combined with an investment fund’s ongoing campaign for control of Norfolk Southern, are renewing concerns about the effects cuts might have on safety and service.
Canada’s Stalled Oil Pipeline Set for First Crude Deliveries
Canada’s biggest new oil pipeline in more than a decade will begin filling with crude within weeks, according to MEG Energy Corp.
Gnosis Freight Software Firm Expands in South Carolina
South Carolina officials announced a $438,500 expansion in Charleston County of Gnosis Freight, a supply chain and logistics software firm that is expected to create 51 jobs.
Kodiak Transports Refrigerated Freight for Martin-Brower
Kodiak Robotics’ autonomous semis are carrying loads for logistics group Martin-Brower Co. on routes between Dallas and Oklahoma City, the companies said Feb. 29.
March 1, 2024Daimler Reports Q4 Earnings Increase on Strong Pricing
Profits at Daimler Truck AG jumped 120% year-over-year in the fourth quarter of 2023 on strong demand plus higher prices and margins.