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.
EPA Hearing Draws Environmental, Trucking Interests
More than 200 individuals weighed in on the Environmental Protection Agency's public hearing on its heavy-truck greenhouse gas emissions mandate.
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.
Waymo Expands Efforts in Phoenix, San Francisco
Self-driving car pioneer Waymo announced May 4 that its robotaxis will be able to carry passengers through most of the Phoenix area for the first time.
Maersk Profits Slip in Q1, Forecasts Weak 2023
A.P. Moller-Maersk A/S, a bellwether for global trade, signaled weaker results for the rest of 2023 after reporting first-quarter operating profit that tumbled by more than half.
Wyoming to Replace Aging Twin Bridges Over I-80
Truckers traveling in Wyoming over Interstate 80, which sees the most truck traffic there, will be able to drive over two new bridges to be built mostly with a new Federal Railroad Administration grant.
XPO Reports $1.9 Billion Revenue for Q1
XPO Inc. experienced an increase in revenue despite a challenging freight environment during the first quarter of 2023, the company reported May 4.
Shipping Lobby Group Advises Caution on Climate Targets
An influential shipping industry group has quietly warned shippers to think carefully before they sign up for a new plan to reduce their contribution to climate change.
Service Industry Expands Modestly as Activity Cools
The U.S. service sector expanded only modestly in April according to the Institute for Supply Management, restrained by the weakest pace of business activity in nearly three years.
Fed Raises Key Rate Again, but Hints at Possible Pause
The Federal Reserve reinforced its fight against high inflation May 3 by raising its key interest rate by a quarter-point to the highest level in 16 years.
Senators Tout FCC’s 5.9 GHz Spectrum Waiver
U.S. Senate Transportation leaders touted the Federal Communications Commission’s recent decision to open access to a band of the transportation spectrum.
Electrified Fleet Grid Upgrades Could Benefit Utilities
Paying for power grid upgrades trucking companies need to charge electrified medium- and heavy-duty fleets would provide a long-term financial boon to utilities.