Knight-Swift Transportation Holdings Inc. on Oct. 19 reported that its third-quarter earnings dropped by 69% year-over-year, even as revenue increased.
October 20, 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.
Rivian Opens Showroom in Georgia, Plans Factory
Electric vehicle maker Rivian opened a new retail and customer service space in the heart of Atlanta to showcase its vehicles and confirmed plans to break ground on a new Georgia factory.
October 20, 2023New Texas CDL Training, Exam Site Seeks Students, Testers
A 20-acre truck driving center that is able to process 20,000 commercial driver license exams annually at a Texas community college is looking for out-of-state students and testing companies.
October 20, 2023Trucking Economy May Land Softly, Mack鈥檚 Randall Says
AUSTIN, Texas 鈥 Mack Trucks North America President Jonathan Randall on Oct. 16 expressed hope the economy is heading for a 鈥渟oft landing鈥 instead of a more severe falloff.
October 20, 2023Middle East Crisis Could Disrupt Oil Supplies, Raise Prices
WASHINGTON 鈥 Fifty years after the 1973 Arab oil embargo, the current crisis in the Middle East has the potential to disrupt global oil supplies and push prices higher.聽
October 20, 2023Toyota Will Join Tesla鈥檚 EV Charging Network
Owners of Toyota and Lexus electric vehicles in North America will be able to charge on Tesla鈥檚 network starting in 2025, and the Japanese automaker also will start using Tesla鈥檚 EV connector.
October 19, 2023CSX Quarterly Profit Falls 24%, but Efficiency Improves
OMAHA, Neb. 鈥 CSX reported a 24% drop in the railroad鈥檚 third-quarter profit Oct. 19 as it hauled 2% less freight, but the CEO said customers are noticing that its trains are running more smoothly.
October 19, 2023Volvo Reports 20% Revenue Boost for Q3, Sees Sales Dip in 2024
Volvo Group on Oct. 18 announced gains in global profit and revenue for the third quarter, but forecast that global truck sales next year will fall compared with 2023 levels.
October 19, 2023Convoy Shuts Down After Failing to Find Buyer
Digital freight network Convoy Inc. was forced to shut its doors after no viable options to continue operations emerged, CEO Dan Lewis said in an Oct. 19 memo to employees.
October 19, 2023Autonomous Trucks Could Create Safer Roads
Experts say technology goes beyond greater efficiency in freight transportation. Autonomous truck developers and their industry partners see opportunities for this technology to improve road safety and create more desirable jobs for drivers. 聽
October 19, 2023Trending
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