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.
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.
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.
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.
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.
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.
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.
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.
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.
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, 2024Auto 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.
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.