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.

BusinessEquipment

Stellantis Sees Ram Sales Rebound as Inventories Shrink

Ram brand sales are up 35% to 40% so far in October, Ram and Chrysler CEO Chris Feuell said at a Reuters automotive conference in Detroit Oct. 22.

October 22, 2024
GovernmentBusinessLogisticsFor-HireTCA

Lynden Transport Selected to Deliver Capitol Christmas Tree

Lynden Transport will carry the Capitol Christmas Tree from Alaska to the nation’s capital later this year.

October 22, 2024
BusinessBreaking News

ATA Truck Tonnage Drops 2.1% in September After Gains

Freight tonnage ended two months of sequential gains with a decline in September, American Trucking Associations reported Oct. 22.

October 22, 2024
BusinessLogistics

Truckload Expansion Lifts TFI International’s Q3 Results

The Montreal-based transportation and logistics company posted net income of $128 million, or $1.50 a diluted share, for the three months ending Sept. 30.

October 22, 2024
GovernmentBusinessTechnology

US Extends 25% Tax Credit to Chip and Solar Wafers

The Biden administration finalized rules for a 25% tax credit for semiconductor manufacturing projects.

October 22, 2024
BusinessLogisticsFor-HirePrivateGlobal Freight

Walmart Challenges Amazon With Prescription Delivery

Walmart Inc. will start delivering prescriptions to U.S. homes in as little as 30 minutes, a move that’s intended to grab a bigger slice of online spending and compete against Amazon.com Inc.

October 22, 2024
BusinessEquipment

General Motors Posts Q3 Profit of $3 Billion

DETROIT — U.S. sales are down and a once-reliably profitable joint venture in China is losing money, but General Motors still managed to post a third quarter profit of $3 billion.

October 22, 2024
GovernmentBusinessLogistics

Mail Carriers Reach Tentative Contract With USPS

Some 200,000 mail carriers have reached a tentative contract deal with the U.S. Postal Service that includes backdated pay raises and a promise to provide air-conditioned trucks.

October 22, 2024
BusinessSafetyLogistics

Norfolk Southern Tops Third-Quarter Expectations

Norfolk Southern’s streamlined operations delivered strong earnings, even excluding boosts from insurance payouts related to the derailment in East Palestine and the sale of two rail lines.

October 22, 2024
BusinessEquipment

Auto Supplier Dana Exploring Sale of Off-Highway Unit

Dana Inc. is exploring a sale of its off-highway business, people familiar with the matter said, as the automotive supplier responds to sluggish demand in its key markets.

October 18, 2024