Lifted by the highest revenue of any quarter in its history, XPO Logistics Inc. swung its second-quarter bottom line to a profit from a loss in the year-ago period.
July 29, 2021Trucking 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.
Ford Posts Surprise Profit on Surging Prices of Scarce Cars
Ford Motor Co. overcame a critical parts shortage and managed to post a surprise profit in the second quarter, thanks to surging prices on models that have become harder to find on dealer lots.
July 29, 2021Werner Gets ‘En Banc’ Review of $89.7 Million Verdict
After a nearly three-year delay, a Texas appellate court has voted for all of its nine justices to take over an appeal of an $89.7 million lower court jury verdict against Werner Enterprises in a 2014 fatal accident that the motor carrier has steadfastly maintained was not its driver’s fault.
July 29, 2021Toyota Defies Chip Shortage to Post Record Output, Sales
Strong global demand for cars boosted Toyota Motor Corp.’s sales to a record for the month of June, with production seemingly unfazed by an industrywide shortage of semiconductors.
July 29, 2021After Infrastructure Deal, Senate Votes to Take Up Bill
WASHINGTON — The Senate voted the night of July 28 to begin work on a nearly $1 trillion national infrastructure plan, acting with sudden speed after weeks of fits and starts once the White House and a bipartisan group of senators agreed on major provisions of the package that’s key to President Joe Biden’s agenda.
July 29, 2021Echo Global Logistics Posts Q2 Gains
Echo Global Logistics reported large gains in both income and profit for the second quarter as it experienced record performance in both its managed transportation and brokerage businesses.
July 28, 2021Grant Approved for Norfolk Terminal Rail Expansion
Virginia's Commonwealth Transportation Board recently approved a $450,000 grant for Norfolk Terminal LP that will be used to improve goods movement at the facility.
July 28, 2021Foreign Chipmakers Could Get Funding Aid, Raimondo Says
President Joe Biden will ultimately decide whether foreign chip producers will receive some of the $52 billion in funding planned to help ease the shortage that has hammered manufacturing, Commerce Secretary Gina Raimondo said.
July 28, 2021Pilot Rewards 40-Year Driver With Custom Peterbilt Truck
Pilot Co. recently recognized one of its longtime drivers with a custom-made Peterbilt truck.
July 28, 2021Carriers Must Look Beyond Pay to Attract Drivers, Data Shows
Trucking companies are increasingly raising pay to combat driver capacity issues, but in this highly competitive environment that alone may not be enough.
July 28, 2021Trending
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