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.
Tyson, JBS Set for Earnings Spike From Poultry Rebound
Companies including Tyson Foods Inc. and JBS SA, which control a sizable chunk of global meat supplies, are set to report a spike in earnings for the quarter ended in June as a rebound in poultry profits counterbalances a downturn in their US beef operations.
July 31, 2024Transportation Jobs Up in July ADP Data; Overall Hiring Slows
US companies added the fewest number of workers since the start of the year and wage growth slowed, consistent with signs of a softer labor demand. But the transportation sector showed resilience.
Uber Partners With BYD on Putting Drivers Into 100,000 EVs
Uber will team up with BYD to put 100,000 electric vehicles onto the ride-hailing company’s platform, in a major deal between American and Chinese businesses that notably excludes the U.S.
Tesla in Fatal Washington Crash Was Using Self-Driving System
DETROIT — Authorities in Washington have determined that a Tesla that hit and killed a motorcyclist near Seattle in April was operating on the company’s “Full Self Driving” system.
Boeing Names ‘Kelly’ Ortberg as New CEO
Boeing lost more than $1.4 billion in the second quarter and said a longtime industry executive will take over as chief executive of the troubled aircraft manufacturer next week.
July 31, 2024British Columbia Opens High-Tech Truck Station
British Columbia has opened a new commercial vehicle inspection station and rest area with parking for short-term and longhaul truckers on western Canada’s Highway 16.
Estes Eyes 12% Terminal Door Total Increase in 2024
Estes Express Lines expects the number of terminal doors in the less-than-truckload carrier’s portfolio to jump more than 12% in 2024 to a total exceeding 12,750.
Norfolk Southern Accused of Delaying Amtrak Passenger Trains
U.S. authorities accused Norfolk Southern Corp. of causing repeated delays of Amtrak passenger trains along a lengthy route spanning New York City to New Orleans.
Saia Lifts Target for 2024 Terminal Openings to 21
Saia could open a large batch of terminals in 2024 as profits and revenue grow at the less-than-truckload carrier, largely on the back of facilities acquired from the estate of Yellow Corp.
What's That? Heavy Duty Parts
Heavy duty parts are the backbone of commercial transportation, built for durability and performance.
July 30, 2024