Trucking Business News

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

WK Kellogg to Close Omaha Plant, Downsize in Memphis

WK Kellogg Co. is closing one U.S. cereal plant and downsizing another as part of a plan to consolidate its operations in newer facilities.

August 6, 2024
GovernmentBusinessLogistics

Ice Cream Giant Wells Enterprises Plans $425M New York Expansion

Wells, headquartered in Le Mars, Iowa, produces more than 200 million gallons of ice cream annually and distributes products in all 50 states.

August 6, 2024
BusinessTechnology

Nissan Is Developing ‘Cool Paint’ for Cars

Nissan showed Aug. 6 what it called a “cool paint†to keep people inside vehicles cooler, although the coating is six times thicker, making commercialization still a challenge.

August 6, 2024
BusinessTechnologyLogisticsTop 100

GXO Logistics Reports 19% Revenue Surge in Q2 2024

GXO Logistics saw revenue grow 19% in the second quarter of 2024 to $2.85 billion. However, the contract logistics firm reported a drop in net income to $39 million from $66 million in 2023.

August 6, 2024
GovernmentBusinessLogistics

Canada’s Labor Minister Launches Talks to Avert Rail Strike

Negotiations to avert a major railroad strike in Canada will resume Aug. 7 after talks between the three parties were stalled for months.

August 6, 2024
GovernmentBusinessPerspective

Perspective: OOIDA Sides With Su on Independent Contractors

Few issues are of greater importance to our industry than the rights of independent truckers. Unfortunately, special interests are fully invested in taking those rights away.

August 6, 2024
BusinessEquipment

Caterpillar Says 2024 Profits Will Be Higher Than Expected

Caterpillar said its annual profit will probably be higher than previously expected, as the company reported Q2 earnings that showed resilience despite worries about the global economy.

August 6, 2024
GovernmentBusinessTechnologySafety

NYC Smart Roads Deter Heavy Trucks on Aging BQE

New York City officials plan to launch an automated enforcement weigh-in-motion program for inbound Staten Island traffic after it proved successful on the Brooklyn-Queens Expressway.

August 6, 2024
GovernmentBusinessTechnology

SK Hynix Wins Grants, Loans for Indiana Chip Site

SK Hynix is set to receive an initial $450 million in U.S. grants and $500 million in loans to build an advanced chip packaging and research facility in Indiana.

August 6, 2024
BusinessTechnologyLogisticsAutonomous

Uber Beats Expectations as Rideshare Demand Remains Strong

Uber Technologies Inc. reported better-than-expected orders in the second quarter, underscoring the continued strength in demand for rideshare and delivery services.

August 6, 2024