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, Logistics

Port of Long Beach CEO Says Cargo Up Eighth Straight Month

Port of Long Beach CEO Mario Cordero said April numbers will show trade flows coming to the U.S. West Coast are continuing to strengthen.

Laura Curtis | Bloomberg News
May 9, 2024
Business, Logistics

Forward Air Ends Eventful Q1 With Positive Revenue Growth

Forward Air Corp. ended an eventful first quarter with positive revenue growth but a decline in total earnings, the company reported May 8.

Connor D. Wolf | Staff Reporter
May 9, 2024
Business, Equipment

March Used Truck Sales Increase 7% From Last Year

Used Class 8 truck sales in March rose 7.4% compared with the same period the prior year, ACT Research reported. Sales increased to 21,700 units from 20,200 during the 2023 period.

Connor D. Wolf | Staff Reporter
May 9, 2024
Business, Logistics

Activist Investor Wins 3 Norfolk Southern Board Seats

Norfolk Southern’s CEO will be under more pressure to improve profits after the railroad’s shareholders voted May 9 to elect three of the board members an activist investor nominated.

Josh Funk | Associated Press
May 9, 2024
Business, Equipment

April Class 8 Truck Orders Increase Year-Over-Year

North American Class 8 truck orders increased year-over-year but fell from the previous month during April, according to ACT Research.

Connor D. Wolf | Staff Reporter
May 9, 2024
Government, Business, Safety

Two Charged in 2020 Murder of Fellow Staged Accident Scammer

Federal authorities have indicted two individuals in the 2020 murder of Cornelius Garrison, a fellow participant in staged accidents with tractor-trailers who was cooperating with the FBI.

Eric Miller | Senior Reporter
May 9, 2024

TT Podcasts: RoadSigns

To retread or not to retread, that is the question. For some maintenance managers, the debate between purchasing new tires or retreads is constant.

May 9, 2024
Business, Fuel

Lion Electric Drops on Revenue Miss, Dwindling Cash Balance

Shares of Lion Electric Co. fell as much as 10.5% after the electric vehicle manufacturer missed estimates for revenue and its cash balance dropped.

Monique Mulima | Bloomberg News
May 8, 2024
Government, Business, Logistics

House to Examine Baltimore Bridge Collapse May 15

WASHINGTON — A House panel this month will review concerns associated with efforts at the Port of Baltimore, where crews will eventually rebuild the Francis Scott Key Bridge.

Eugene Mulero | Senior Reporter
May 8, 2024
Business, Technology, Equipment, Logistics

Nikola Q1 Loss Narrows; Cost of Truck Production Soars

Losses at Nikola in the first quarter narrowed year-over-year, and executives are more bullish than in previous quarters about the truck maker’s prospects even as production costs soar.

Keiron Greenhalgh | Staff Reporter
May 8, 2024