Universal Logistics Holdings reported its highest quarterly operating revenue ever Feb. 10 for the fourth quarter of 2021.
February 10, 2022Trucking 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.
January Class 8 Sales Drop
Class 8 U.S. retail sales in January slipped below 15,000, an 11.8% decline compared with a year earlier, Wards Intelligence reported.
February 10, 2022Suppliers Detail Supply Chain Challenges
Leaders of commercial vehicle suppliers weighed in, during recent earnings calls, on challenges to the supply chain and related concerns.
February 10, 2022States Get Go-Ahead to Build Electric Car Charging Stations
States are getting the go-ahead to build a nationwide network of electric vehicle charging stations that would place new or upgraded ones every 50 miles along interstate highways as part of the Biden administration’s plan to spur widespread adoption of the zero-emission cars.
February 10, 2022Acquisitions Fuel Mullen’s Record Q4 Revenue Growth
Mullen Group Ltd. reported a doubling of profits and record revenue for the fourth quarter.
February 10, 2022US Senators Introduce Supply Chain Bill Amid Funding Negotiations
WASHINGTON — To alleviate supply chain woes around the country, two senior senators introduced legislation meant to improve the flow of freight at commercial ports.
February 10, 2022Jobless Claims Fell by More Than Forecast Last Week to 223,000
Applications for U.S. state unemployment insurance fell for a third week as COVID-19 cases continue to drop, solidifying the labor market’s strength after an omicron-induced spike in claims.
February 10, 2022Inflation Charges Higher With Larger-Than-Forecast Gain
U.S. consumer prices surged in January by more than expected, sending the annual inflation rate to a fresh four-decade high and adding more urgency to the Federal Reserve’s plans to start raising interest rates.
February 10, 2022U.S. Xpress Reports Mixed Q4
U.S. Xpress Enterprises saw a revenue gain but drop in income for the fourth quarter of 2021, the company reported Feb. 9.
February 10, 2022PepsiCo Gains After Forecast Beats Estimates on Robust Demand
PepsiCo Inc. gave a full-year sales outlook that was ahead of estimates as the company looks to pass the burden of higher costs onto consumers.
February 10, 2022Trending
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