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

DTNA, UAW Ink Tentative Labor Deal for Freightliner Plants

Daimler Truck North America inked a tentative four-year labor agreement with the UAW on April 26, hours before the prior deal at Freightliner manufacturing sites in the U.S. was set to expire.

Keiron Greenhalgh | Staff Reporter
April 27, 2024
Business, Equipment

Labor Deal Signing Bonuses Dampen Record Allison Sales

Signing bonuses linked to a labor contract ratified by United Auto Workers members in January hurt profits at Allison Transmission Holdings in the first quarter of 2024.

Keiron Greenhalgh | Staff Reporter
April 26, 2024
Business, For-Hire

TFI Profit Falls 17.1% on ‘Worse Than Expected’ Market

Profits at TFI International fell 17.1% year-over-year in the first quarter of 2024 on the back of what CEO Alain Bédard said was a particularly weak freight environment.

Keiron Greenhalgh | Staff Reporter
April 26, 2024
Business, Logistics

Universal Logistics Reports 12.5% Revenue Boost for Q1

Universal Logistics Holdings well surpassed expectations with both revenue and earnings increasing year-over-year during the first quarter of 2024, the company reported.

Connor D. Wolf | Staff Reporter
April 26, 2024
Government, Business, Technology, Fuel

Commercial Hydrogen Fueling Station to Open in California

OAKLAND, Calif. — FirstElement Fuel will open what it is calling the world’s first heavy-duty high-flow hydrogen fueling facility to the public in May. 

Mindy Long | Special to Transport Topics
April 26, 2024
Government, Business, Safety

BNSF Signs On to Federal Safety Hotline for Some Workers

OMAHA, Neb. — BNSF will become the second major freight railroad to allow some of its employees to report safety concerns anonymously through a federal system without fear of discipline.

Josh Funk | Associated Press
April 26, 2024
Government, Business, Technology, Safety, Autonomous

NHTSA Investigates Whether Tesla Autopilot Recall Did Enough

DETROIT— The U.S. government’s auto safety agency is investigating whether last year’s recall of Tesla’s Autopilot driving system did enough to make sure drivers pay attention to the road.

Tom Krisher | Associated Press
April 26, 2024
Business, Fuel

Exxon, Chevron Fall as First-Quarter Earnings Miss Estimates

Exxon Mobil and Chevron declined after disappointing first-quarter performances despite posting strong production gains in marquee oil projects in Guyana and the Permian Basin.

Kevin Crowley | Bloomberg News
April 26, 2024
Business, Equipment, For-Hire

Intermodal Chassis Manufacturers Pull Back on Output

Intermodal chassis manufacturers are scaling back production as a result of weak demand as well as a supply overhang, company executives said.

Keiron Greenhalgh | Staff Reporter
April 25, 2024
Business, Equipment

Truck, Trailer Reefer Weakness Hurts Carrier Global Profits

Carrier Global profits dropped in the first quarter of 2024, with results hurt by weaker North American truck and trailer refrigeration sales, the company said April 25.

Keiron Greenhalgh | Staff Reporter
April 25, 2024