Business

About Business News...

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.

Business, Technology, Equipment, Safety

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.

Keiron Greenhalgh | Staff Reporter
March 3, 2024
Business, Equipment, Fuel

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.

Seth Clevenger | Managing Editor, Features and Multimedia
March 3, 2024
Business, Technology, Safety, Autonomous

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, 2024
Business, Technology, Equipment, Fuel

TruckWings 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.

Dan Ronan | Senior Reporter
March 3, 2024
Government, Business, Fuel

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, 2024
Government, Business, Safety, Logistics

Freight 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.

Josh Funk | Associated Press
March 1, 2024
Government, Business, Fuel

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.

Robert Tuttle | Bloomberg News
March 1, 2024
Government, Business, Technology

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.

Noël Fletcher | Staff Reporter
March 1, 2024
Business, Technology, Logistics, Autonomous

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, 2024
Business, Equipment

Daimler 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. 

Keiron Greenhalgh | Staff Reporter
March 1, 2024