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.

Government, Business

US House to Debate Water Permitting Bill

House Republican leaders indicated that as early as the week of Feb. 12, the GOP-led Creating Confidence in Clean Water Permitting Act would reach the floor of the chamber.

Eugene Mulero | Senior Reporter
February 7, 2024

Best Carrier TMS Software in 2024: How to Choose

Transitioning from basic load board tools or spreadsheets to an advanced, integrated Transportation Management System (TMS) is a critical step for mid-sized truckload carriers aiming to scale effectively and sustain long-term competitiveness.

Business, Logistics

Werner Enterprises Reports Revenue, Profit Decline for Q4

Werner Enterprises reported a drop in revenue and earnings year-over-year during the fourth quarter of 2023, the company detailed Feb. 6.

Connor D. Wolf | Staff Reporter
February 7, 2024
Business, Safety, Logistics, TCA

San Clemente Landslide Forces San Diego Rail to Halt Again

Freight trains to and from the Port of San Diego were suspended again the night of Feb. 6 by a slow-moving landslide that threatens the tracks at San Clemente, Calif.

Phil Diehl | The San Diego Union-Tribune
February 7, 2024
Government, Business, Technology

US, EU Discuss Semiconductors, Cybersecurity, Supply Chain

The U.S. and European Union agreed to increase raw material sourcing for semiconductors and better align mutual cybersecurity protocols for infrastructure and businesses.

Noël Fletcher | Staff Reporter
February 7, 2024
Government, Business, Fuel

US Oil Output Expected to Flatline Until 2025

The U.S. sees oil production flatlining for most of this year before reaching a new record in early 2025. That would ease concerns about a supply glut that has weighed on prices.

February 6, 2024
Business, Equipment

Emissions Sensors Settlement Leaves Cummins Nursing Q4 Loss

A December settlement between Cummins Inc. and the federal government pushed the engine and component manufacturer’s results into the red in the fourth quarter of 2023, it said Feb. 6.

Keiron Greenhalgh | Staff Reporter
February 6, 2024
Business, Logistics

Averitt Bolsters Nashville Presence With Upgraded Facilities

Averitt Express expanded three of its key facilities as part of an ongoing effort to strengthen its foothold in Nashville, Tenn., the company announced Jan. 31.

February 6, 2024
Business, Technology

Toyota Boosts Spending on US EV Production by $1.3 Billion

Toyota Motor Corp. is boosting investment at a plant in Kentucky by $1.3 billion as it prepares to start U.S. production next year of a three-row, all-electric SUV.

Chester Dawson | Bloomberg News
February 6, 2024
Business, Technology

60 Seconds: Revoy Launches Atypical EV for Class 8 Trucks

Bay Area startup touts electric vehicle's ability to boost fuel economy while reducing emissions. Story by Keiron Greenhalgh.

February 6, 2024
Business, Safety, Logistics

STB Modifies Performance Requirements for Class I Railroads

Changes are being made in a nearly 2-year-old federal government requirement regarding performance levels at four Class I freight railroads.

February 6, 2024