NEW YORK 鈥 Americans pulled back their spending more than expected in January after the traditional holiday season splurge, Commerce Department data showed Feb. 15.
February 15, 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.
Retail Sales Fall 0.8% in January After Busy Holiday Season
GM Nearly Doubling Area Where Automated System Is Usable
DETROIT 鈥 General Motors is adding about 350,000 miles of roadways in the U.S. and Canada to the area where drivers can use the company鈥檚 鈥淪uper Cruise鈥 partially automated driving system.
February 15, 2024Underride Committee May Ask for New Rear Guard Rule
A specially appointed committee reviewing truck underride guard safety is weighing whether to recommend that federal regulators toughen a 2022 rule on rear underride guards.
February 14, 2024Knight-Swift Adds 10 More Leased Yellow Terminals to Haul
Knight-Swift Transportation Holdings Inc. extended its winning streak in auctions of former Yellow Corp. terminals, strengthening its less-than-truckload operations.
February 14, 2024California Expanding Fleet of Hydrogen Passenger Trains
The California Department of Transportation announced on Feb. 14 a $127 million agreement with Stadler Rail AG to expand its fleet of zero-emission, hydrogen-powered passenger trains.
February 14, 2024Ford Sees 鈥楥olossal鈥 Competitive Threat in Chinese EVs
Ford Motor Co. sees low-cost Chinese electric vehicles as a 鈥渃olossal strategic threat鈥 that will arrive on U.S. shores, as automakers already confront shaky consumer demand for EVs.
February 14, 2024GXO Reports Profit, Revenue Increased in Fourth Quarter
GXO Logistics reported an increase in revenue and earnings year-over-year during the fourth quarter, despite the softer freight market, the company detailed Feb. 14.
February 14, 2024Colorado Files Lawsuit to Block Kroger-Albertsons Merger
Colorado sued to block Kroger Co.鈥檚 $24.6 billion acquisition of Albertsons Cos. in court Feb. 14, becoming the second state to challenge the deal.
February 14, 2024Portland Port Asks Oregon for $10M to Save Container Service
Facing a $14 million shortfall, the Port of Portland is asking Oregon legislators for a $10 million injection this year to avoid ending container service at Terminal 6.
February 14, 2024Volvo Offers Early Look at Redesigned VNL
DUBLIN, Va. 鈥 Volvo Trucks North America offered media a sneak preview of its redesigned VNL Class 8 tractor during a ride-and-drive event at its customer center.
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