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, 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.
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, 2024Nissan 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, 2024GXO 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, 2024Canada’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, 2024Perspective: 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, 2024Caterpillar 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, 2024NYC 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, 2024SK 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, 2024Uber 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, 2024Trending
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