Profits at Ryder System Inc. fell 39.8% in the fourth quarter of 2023 as weak freight conditions again sapped strength from used vehicle sales prices and rental activity, it said Feb. 14.
February 14, 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.
FMC: Sanctions Against Yemen Should Be Considered
Federal Maritime Commissioner Carl Bentzel says his office wants the U.S. government to investigate whether economic sanctions are warranted against Yemen.
February 14, 2024Medium-Duty Sales Continue Positive Trend
U.S. retail sales for medium-duty trucks increased 10.5% year-over-year in January, marking three months of positive gains, according to data from Wards Intelligence.
February 14, 2024Goodyear Q4 Loss Soars on Goodwill, Rationalization Charges
Losses nearly tripled at Goodyear in the fourth quarter of 2023 compared with the year-ago period as the tire manufacturer digested restructuring costs and sales slowed, including in the North American commercial vehicle sector.
February 13, 2024Senators Introduce Freight Border Bill
Legislation meant to ensure border security staff remain at commercial ports of entry was recently introduced in the U.S. Senate.
February 13, 2024Inflation Tops Forecasts in Blow to Fed Rate-Cut Hopes
U.S. consumer prices jumped at the start of the year, stalling recent disinflation progress and likely delaying any Federal Reserve interest-rate cuts.
February 13, 2024Update: Fleets, Suppliers Work to Curb Fuel Card Skimming
Fuel card skimming is on the rise. Read Dan Calabrese's report on what trucking fleets can do to thwart cyber criminals who engage in this high tech theft.
February 13, 2024Mack Invests $14.5 Million in Roanoke Valley Expansion
Mack Trucks is investing $14.5 million to expand its manufacturing facility in Roanoke, Va., the company announced Feb. 9.
February 13, 2024Oregon Trucking Association Sues State Over Excess Taxation
Three trucking companies joined the Oregon Trucking Association in suing the state, saying heavy trucks in the state are paying too much in state weight-mile taxes.
February 13, 2024US Small-Business Optimism Drops by Most Since End of 2022
U.S. small-business optimism in January suffered the biggest drop since 2022, due to weak profits and sales expectations, according to the National Federation of Independent Business.
February 13, 2024Trending
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