The FBI and tolling operators across the nation are issuing warnings about 鈥渟mishing鈥 text message scams asking people to pay fake toll charges on fraudulent websites.
July 31, 2024Trucking 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.
Text Message Scammers Seek Fake Toll Fees in Multiple States
Werner Spots Signs of Hope Despite Disappointing Q2
Profit dropped at Werner Enterprises Inc. in the second quarter of 2024 as revenue slid more than analysts expected on the back of continued freight weakness, although executives are seeing more room for optimism from the last few weeks.
July 31, 2024Fed Weighs Potential Rate Cut, First in Four Years
With the end of their two-year fight against inflation in sight, Federal Reserve officials are likely July 31 to set the stage for the first cut to their key interest rate in four years, a major shift in policy that could eventually lower borrowing costs for U.S. consumers and businesses.
July 31, 2024Tyson, JBS Set for Earnings Spike From Poultry Rebound
Companies including Tyson Foods and JBS SA, which control a sizable chunk of global meat supplies, are set to report a spike in earnings for the quarter ended in June as a rebound in poultry profits counterbalances a downturn in their U.S. beef operations.
July 31, 2024Transportation Jobs Up in July ADP Data; Overall Hiring Slows
US companies added the fewest number of workers since the start of the year and wage growth slowed, consistent with signs of a softer labor demand. But the transportation sector showed resilience.
July 31, 2024Uber Partners With BYD on Putting Drivers Into 100,000 EVs
Uber will team up with BYD to put 100,000 electric vehicles onto the ride-hailing company鈥檚 platform, in a major deal between American and Chinese businesses that notably excludes the U.S.
July 31, 2024Tesla in Fatal Washington Crash Was Using Self-Driving System
DETROIT 鈥 Authorities in Washington have determined that a Tesla that hit and killed a motorcyclist near Seattle in April was operating on the company鈥檚 鈥淔ull Self Driving鈥 system.
July 31, 2024Boeing Names 鈥楰elly鈥 Ortberg as New CEO
Boeing lost more than $1.4 billion in the second quarter and said a longtime industry executive will take over as chief executive of the troubled aircraft manufacturer next week.
July 31, 2024British Columbia Opens High-Tech Truck Station
British Columbia has opened a new commercial vehicle inspection station and rest area with parking for short-term and longhaul truckers on western Canada鈥檚 Highway 16.
July 30, 2024Estes Eyes 12% Terminal Door Total Increase in 2024
Estes Express Lines expects the number of terminal doors in the less-than-truckload carrier鈥檚 portfolio to jump more than 12% in 2024 to a total exceeding 12,750.
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