RXO closed out its first full year as a stand-alone company by reporting fourth-quarter earnings gains on a year-over-year revenue decline, the company detailed Feb. 8.
February 8, 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.
Congressional Republicans Continue EV Pushback
Senior congressional Republicans called on GOP leaders in the House and Senate to deny funding that would be used to advance proposals associated with electric vehicles. Â
February 8, 2024Update: Yellow Repays $700M Pandemic-Era Loan to Treasury Dept.
The auction of Yellow's assets is continuing as sales of the bankrupt carrier's terminals are funding debt repayments.Â
February 8, 2024January Class 8 Truck Orders Start 2024 Strong
North American Class 8 truck orders started off the year strong with January figures increasing from the year-ago period, according to ACT Research.
February 8, 2024FMCSA: FTC Proposal Should Include Truck Towing Provisions
FMCSA filed comments in support of an FTC proposed rule banning junk fees that trucking regulators have argued should include provisions to mitigate predatory truck towing.
February 8, 2024Planned Savannah Private Port Terminal Stokes Traffic Fears
SAVANNAH, Ga. — The planned SeaPoint marine terminal east of downtown Savannah is spurring concerns about port-related traffic overwhelming the streets and rail tracks in the area.
February 8, 2024Shipping Officials: Supply Chain Equipped to Deal With Attacks
The world’s critical shipping lanes are facing a group of modern-day “Barbary pirates” with the recent violence in the Red Sea, according to Federal Maritime Commissioner Carl Bentzel.
February 8, 2024Leading Container Maker Sees Profit Jump in Hydrogen Business
China International Marine Containers Group, the world’s biggest manufacturer of shipping containers, is seeing a surge in revenues from its hydrogen business, a good sign for the fuel.
February 8, 2024Maersk Warns of Slowdown Once Freight Boost Fades
A.P. Moller-Maersk A/S shares plunged after the company said it expects renewed gloom in the industry this year when the current boost to freight rates from the Red Sea conflict evaporates.
February 8, 2024Trucking Executives Cite Opportunities for AI Adoption
LAS VEGAS — Artificial intelligence promises to unlock greater efficiency in the freight transportation industry, but implementing AI functions is not without its challenges.
February 8, 2024Trending
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