Business
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.
Tesla Rakes In Billions From Selling Regulatory Credits
Tesla continues to cash in on other carmakers needing help to meet emissions standards, keeping up a lucrative business the company thought would fade away: selling regulatory credits.
Best Carrier TMS Software in 2024: How to Choose
Transitioning from basic load board tools or spreadsheets to an advanced, integrated Transportation Management System (TMS) is a critical step for mid-sized truckload carriers aiming to scale effectively and sustain long-term competitiveness.
Nikola Rejects Board Nominees From Founder Milton
Nikola Corp. rejected a slate of nominees for its board of directors proposed by an entity it said was controlled by founder Trevor Milton, arguing none were fit for the role.
Daimler Advances Longhaul Hydrogen Truck Prospects
Daimler Truck recently took another step toward commercializing its prototype longhaul liquid hydrogen-fueled trucks.
Port of Mobile to Build Container Facility in North Alabama
The Alabama Port Authority and CSX Transportation announced that Decatur, Ala., will be home to a new intermodal container transfer facility to connect north Alabama to the Port of Mobile.
Coalition Sues CARB Over Emission Report Mandates
California is being sued over its new emission laws mandating that companies there and out of state report their supply chain emissions and mitigation efforts.
Forward Air CEO Tom Schmitt Exits After Omni Deal Completion
Forward Air CEO Tom Schmitt exited the company days after finally completing the carrier’s at-times contentious merger with Omni Logistics.
Republican Lawmakers Target FHWA Rule
Senior Republicans are seeking to undo emissions targets the Federal Highway Administration is requiring of state transportation agencies.
RXO Closes First Full Year as Company With Q4 Results
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.
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.
Update: 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.
February 8, 2024