OMAHA, Neb. — Union Pacific’s new CEO, Jim Vena, says he won’t shy away from cuts, but no one should expect the kind of sweeping changes he made when he first oversaw operations a few years ago.
September 13, 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.
Hyundai Could Get $2.1 Billion in Aid to Make EVs in Georgia
SAVANNAH, Ga. — State and local governments are on track to give $2.1 billion in tax breaks to Hyundai Motor Group after it said it will invest an additional $2 billion to build an EV complex.
September 13, 2023BP CEO Looney Quits Over Past Relationships With Colleagues
BP Plc CEO Bernard Looney has resigned over the failure to fully disclose past relationships with colleagues.
September 12, 2023Panama Canal Says Shipping Congestion Will Last Into 2024
The operator of the Panama Canal said there’s no immediate prospect of relief from the drought that’s reduced water levels and snarled shipping and global supply chains.
September 12, 2023Wabtec Denies Charges of Anticompetitive Behavior
Progress Rail has accused Wabtec Corp. of violating antitrust laws and contractual agreements after acquiring GE Transportation in 2019.
September 12, 2023Walmart Now Offers Late-Evening Delivery, Pickup
Walmart is now offering express home delivery until 10 p.m. on orders placed by 9:30 p.m. so that “last-minute needs are delivered to your doorstep just in time,” the company said.
September 12, 2023Cashless Tolling Is Coming to Kansas Turnpike in 2024
A massive Kansas Turnpike Authority project will update its 1950s tolling system by replacing 21 toll plazas with overhead gantry cameras and transponder sensors.
September 12, 2023Analyst: Truck Demand to Beat Expectations
Sentiment is growing that U.S. demand for Class 8 trucks in 2024 is likely to be better than expected, according to an analyst at the FTR Transportation Intelligence Transportation Conference.
September 12, 2023California Governor Gets Bill on Humans in Autonomous Trucks
The California Senate passed a bill Sept. 11 mandating human drivers behind the wheel of autonomous trucks on state highways for at least the next five years. Will the governor sign it?
September 12, 2023UPS CEO Carol Tomé Outlines Challenging Year Ahead
UPS Inc. will pay out the biggest portion of its new labor pact over the next 12 months while trying to win back customers it lost during the contentious contract talks, CEO Carol Tomé said.
September 12, 2023Trending
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