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.
Twin California Ports Introduce Zero-Emission Locomotive
Weeks after the California Air Resources Board approved a rule to limit rail pollution, the Pacific Harbor Line on May 4 unveiled one of the nation’s most advanced zero-emission locomotives.
Infographic: Ryder’s Foundation for a Successful Freight Brokerage
Globally, supply chains are facing unprecedented levels of disruption. As a result, shippers and carriers are challenged more than ever to keep goods moving while remaining profitable. While most brokerages point to technology as the key to achieving success, today’s setbacks have proven that technology alone isn’t enough.
Volvo Triples Electric Truck Dealer Network Since Last Year
ANAHEIM, Calif. — As Volvo Trucks continues to roll out battery-electric heavy-duty trucks to fleet customers across North America, the truck maker also is building its support network.
Hyundai Brings Xcient Hydrogen Fuel Cell Truck to US
ANAHEIM, Calif. — Global vehicle manufacturer Hyundai Motor Co. premiered the production version of its Xcient hydrogen fuel cell electric Class 8 truck for the North American market.
Navistar Expands Electric Truck Offerings
ANAHEIM, Calif. — Navistar is expanding its electric truck offerings and inked a partnership with Quanta Services to help fleets implement battery-electric vehicles efficiently.
Lion Electric Introduces New Medium-Duty Truck
ANAHEIM, Calif. — The Lion Electric Co., a manufacturer of all-electric commercial vehicles, announced the launch of its battery-electric Lion5 medium-duty truck at the 2023 Advanced Clean Transportation Expo.
Employers Add 253,000 Jobs in April
WASHINGTON — America’s employers added a healthy 253,000 jobs in April, evidence of a labor market that still shows surprising resilience despite rising interest rates and high inflation.
Clean Energy Investments Touted at Commerce Summit
NATIONAL HARBOR, Md. — President Joe Biden cited supply chain achievements and urged foreign investment as the Commerce Department held a networking event that included 70 countries.
UAW Demands Support for EV Workers Before Endorsing Biden
New leaders of the United Auto Workers are withholding the union’s endorsement for President Joe Biden’s re-election until he shows support for a “just transition” to electric vehicles, according to a letter sent by newly elected UAW President Shawn Fain.
TRM Equity Buys Some of National Railway Equipment's Assets
TRM Equity has acquired some of the assets of National Railway Equipment Co., the Southfield, Mich.-based private equity firm said May 2.
May 4, 2023Werner Reports Lower Q1 Earnings on Higher Revenue
Werner Enterprises’ revenue increased but earnings declined during the first quarter of 2023, the company reported May 3.