TFI International profits in the third quarter slumped 45.6% year-over-year, with the Canadian company primarily citing weaker market conditions, especially in the truckload market.
October 24, 2023Trucking 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.
TFI Third-Quarter Profit Dives 45.6% on Weak Freight Market
Federal Grant to Improve Access at Indiana Agribusiness Park
Secretary of Commerce Gina Raimondo announced a $1.75 million grant to a rural Indiana county to provide better access for heavy trucks at an agricultural business park.
October 24, 2023California Stops Cruise From Operating Without Drivers
General Motors Co.’s Cruise unit is being suspended by the California Department of Motor Vehicles from operating driverless vehicles in the state, effective immediately.
October 24, 2023Trucking Faces Increasing Threat of Cyberattacks
HOUSTON — Trucking is seeing an increase in cyberthreats, a panel of experts said Oct. 23 during the National Motor Freight Traffic Association's Digital Solutions Conference.
October 24, 2023US House Panel Evaluates New Truck Excise Tax Repeal
A leading proponent of repealing a tax on the purchase of new trucks called on colleagues to endorse his effort.
October 24, 2023About 12.6% of Vehicles Inspected Placed Out of Service
Roughly one of every eight trucks inspected for brake-related violations was placed out of service by commercial vehicle inspectors during Brake Safety Week in August.
October 24, 2023Tonnage Dips 4.1% in September
Truck tonnage slumped 4.1% in September compared with year-ago levels, the steepest annual drop in nearly three years and an indication that the U.S. freight market remains turbulent.
October 24, 2023UAW Strikes GM SUV Plant in Texas
DETROIT — The United Auto Workers union has turned up the heat on General Motors as 5,000 workers walked off their jobs Oct. 24 at a highly profitable SUV factory in Arlington, Texas.
October 24, 2023Walmart Chooses Georgia Site for Dairy Facility
Georgia Gov. Brian Kemp announced that Walmart Inc. will invest $350 million to open a new dairy facility along the Interstate 75 freight corridor. Operations are expected to begin in 2025.
October 24, 2023Tesla Says Justice Department Is Expanding Investigations
DETROIT — Federal prosecutors have expanded investigations into Tesla beyond the electric vehicle maker’s partially automated driving systems, the company disclosed Oct. 23.
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