Business

About 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.

Business, Technology, Logistics, Autonomous, Global Freight, TCA

Cincinnati Airport Deploys Autonomous Baggage Handling EVs

Cincinnati/Northern Kentucky International Airport is using devices known as Auto-DollyTugs, electric autonomous vehicles complete with “robotic arms,” to handle baggage and cargo.

Skip Descant | Government Technology
February 6, 2024

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.

Government, Business, Equipment

Yellow Repays $700M COVID-Era Treasury Loan Plus Interest

Yellow repaid a $700 million loan it received from the Treasury Department through the Coronavirus Aid, Relief and Economic Security Act, the bankrupt less-than-truckload carrier said.

Keiron Greenhalgh | Staff Reporter
February 6, 2024
Business, Private

Kroger CFO Departs During Uncertainty on Albertsons Merger

Kroger Co. said Feb. 5 that its chief financial officer is leaving for another company as the supermarket operator waits for regulators’ ruling on its proposed merger with Albertsons Cos.

Jaewon Kang | Bloomberg News
February 6, 2024
Business, Technology

Hertz Plans Cost Cuts After Earnings Miss on EV Adjustment

Hertz Global Holdings Inc. is looking to cut costs after it missed analysts’ fourth-quarter estimates as it sold down its fleet of Tesla Inc. electric vehicles.

David Welch | Bloomberg News
February 6, 2024
Government, Business, Technology, Fuel

FHWA Awards Grants to Develop Charging, Hydrogen Stations

Eyeing heavy truck emissions, the FHWA has awarded nearly half of $622.57 million in new infrastructure grants to megawatt and kilowatt charging and hydrogen fueling projects.

Noël Fletcher | Staff Reporter
February 6, 2024
Business, Technology, Equipment

Volvo Details Engine, Transmission Updates for Redesigned VNL

Volvo Trucks North America on Feb. 6 outlined enhancements to its D13 engine and I-Shift transmission that helped the OEM achieve efficiency gains with its redesigned VNL Class 8 tractor.

Dan Ronan | Senior Reporter
February 6, 2024
Government, Business, Safety

Congress Passes Bill to Protect Moving Privacy

Legislation designed to protect people’s personal information during a move was recently cleared by Congress for President Joe Biden’s signature.

Eugene Mulero | Senior Reporter
February 5, 2024
Business, Technology, Equipment, Logistics

Uber Freight Unveils Pilot for New Scheduling API

Uber Freight is piloting a new scheduling application programming interface that aims to foster seamless communication across its network, the company announced Feb. 5.

February 5, 2024
Business, For-Hire

Auto Stoppages Push P.A.M. Transportation Into Red in Q4

Labor stoppages at automotive manufacturers across the U.S. and a weak freight environment hit profits at carrier P.A.M. Transportation in the final three months of 2023, the company said.

Keiron Greenhalgh | Staff Reporter
February 5, 2024
Government, Business, Fuel

Diesel Price Rises 3.2¢ to $3.899 a Gallon

The national average diesel price bumped up 3.2¢ to $3.899 a gallon, according to Energy Information Administration data for the week of Feb. 5.

Keiron Greenhalgh | Staff Reporter
February 5, 2024