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August 1, 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.
XPO Q2 Profit Jumps as LTL Shipments Rise 4.5%
XPO profit jumped in the second quarter as revenue increased 8% on the back of a 4.5% increase in North American LTL shipments and 7.4% rise in the return obtained for those shipments.
August 1, 2024Port Houston Gets USDA OK to Directly Handle Cold Treatment Cargo
The U.S. Department of Agriculture has granted authority to Port Houston to handle cold treatment cargo, creating an opportunity for drayage companies in the region.
August 1, 2024C.H. Robinson Profit Jumps on Higher Seaborne Prices
C.H. Robinson Worldwide profit in Q2 jumped 29.7% year over year as a result of higher seaborne services pricing, a bigger margin on truckload and LTL shipments and a decrease in head count.
August 1, 2024Liebherr to Build $176M Distribution Center in Mississippi
A top Swiss manufacturer of construction equipment has inked a $176 million deal with Mississippi state officials to build a massive distribution and logistics center to provide spare parts in North and South America.
August 1, 2024Biden’s ‘Infrastructure Decade’ Becoming More Concrete
A bipartisan infrastructure law topping $1 trillion is fueling a wave of freight and passenger mobility projects nationwide this summer.
August 1, 2024Chevron, Hess Merger Faces Long Delay
Shares of Chevron Corp. and Hess Corp. plunged after announcing an arbitration hearing with Exxon Mobil Corp. related to their $53 billion merger will be delayed until at least mid-2025.
August 1, 2024EPA Issues Emergency Fuel Waiver in Midwest
The Environmental Protection Agency issued an emergency waiver of fuel rules in four Midwest states to address shortages tied to a power outage at an Exxon Mobil Corp. refinery in Joliet, Ill.
August 1, 2024June Used Class 8 Retail Sales Fall 3.7% Year on Year
Used Class 8 truck sales totaled 20,700 in June, according to the latest ACT Research data, down 3.7% from 21,500 vehicles in the year-ago period and 9.2% lower than May’s 22,800.
August 1, 2024Landstar Q2 Profits Dip Amid Dry Van Market Softness
Profit and revenue at Landstar System Inc. fell in the second quarter of 2024, largely on the back of truckload market weakness.
August 1, 2024Trending
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