Jacksonville, Fla.-based CSX Corp. reported second-quarter earnings that showed a strong uptick in freight shipments, and the company’s financial picture exceeded Wall Street analysts’ expectations.
July 22, 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.
Mullen Group’s Income Dips, Revenue Rises
Mullen Group reported a gain in revenue but saw earnings dip in the second quarter.
July 22, 2021Uber Freight to Acquire Logistics Firm Transplace for $2.25 Billion
Uber Technologies Inc.’s freight business will acquire logistics technology firm Transplace from TPG Capital for $2.25 billion, the company announced July 22.
July 22, 2021Jobless Claims Rise to 419,000 From a Pandemic Low
WASHINGTON — The number of Americans seeking unemployment benefits rose last week from the lowest point of the pandemic, even as the job market appears to be rebounding on the strength of a reopened economy.
July 22, 2021Infrastructure Stakeholders Promote Cybersecurity Investments
Nearly three months after a cyberattack against a prominent petroleum products distributor on the East Coast, groups representing various infrastructure sectors called for robust methods to protect the country’s freight and mobility grids.
July 22, 2021Mercedes Sketches Out All-Electric Scenario by Decade’s End
FRANKFURT, Germany — Daimler AG’s luxury car brand Mercedes-Benz is stepping up its transition to electric cars, doubling the planned share of sales by 2025 and sketching out a market scenario in which new car sales would “in essence” be fully electric by the end of the decade.
July 22, 2021Landstar Reports Record Earnings for Q2
Landstar System reported an all-time record for quarterly net income in its second-quarter financial results.
July 21, 2021Lumber Surges Anew as Canada Wildfires Snarl Shipments
Lumber futures rose the most in more than a year on concern that wildfires in western Canada will reduce supply and spur more curtailments at sawmills.
July 21, 2021Infrastructure Bill Fails First Test Vote
WASHINGTON — Senate Republicans rejected an effort July 21 to begin debate on a big infrastructure deal that a bipartisan group of senators brokered with President Joe Biden. But supporters in both parties remained hopeful of another chance in coming days.
July 21, 2021Knight-Swift Reports Surge in Q2 Earnings
Knight-Swift Transportation Holdings saw growth throughout the company, including a 90.6% increase in net income during the second quarter, the company reported July 21.
July 21, 2021Trending
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