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.
Watch: Biden’s ‘Infrastructure Decade’ Becoming More Concrete
From coast to coast, a $1 trillion bipartisan infrastructure package is breathing life into long-awaited transportation projects.
August 7, 2024Daimler Truck Reports 4% Revenue Decline in Q2
The German truck manufacturer posted a net profit of $860 million, or $1.01 per share, for the three months ending June 30.
Lack of Standard Training for EV Techs Perpetuates Shortage
There’s an aggressive push for more electric vehicle chargers and technicians to work on them, but a problem remains: There’s no nationwide standard for training those technicians.
Continental Gains After Car-Parts Returns Turn Positive
Continental AG shares rose after improving returns at its struggling car-parts unit, which the German company may spin off in its biggest-ever restructuring.
Maersk CEO Seeks New M&A Deals After Dropping Schenker Bid
A.P. Moller-Maersk A/S is looking for new acquisition targets after recently walking away from what would have been its biggest ever deal, the CEO said.
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.
Rivian Holds to Annual Production Goal Unchanged Since 2023
Rivian maintained its full-year vehicle production target and profit-making goal, a sign the electric vehicle maker is filling orders on schedule after retooling its assembly lines.
WK Kellogg to Close Omaha Plant, Downsize in Memphis
WK Kellogg Co. is closing one U.S. cereal plant and downsizing another as part of a plan to consolidate its operations in newer facilities.
Ice Cream Giant Wells Enterprises Plans $425M New York Expansion
Wells, headquartered in Le Mars, Iowa, produces more than 200 million gallons of ice cream annually and distributes products in all 50 states.
Nissan Is Developing ‘Cool Paint’ for Cars
Nissan showed Aug. 6 what it called a “cool paint” to keep people inside vehicles cooler, although the coating is six times thicker, making commercialization still a challenge.