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.
Colorado Judge Temporarily Halts Kroger-Albertsons Merger
A Colorado judge issued an order temporarily blocking the proposed $25 billion merger of Kroger Co. and Albertsons Cos., which has been challenged by the state attorney general.
Trump Targets Biden Administration’s EV Agenda at RNC
A rollback of policies that former President Donald Trump believes unfairly target fossil fuel-powered vehicles would be among the central priorities he'd tackle if re-elected this fall.
Governor Hochul Sued Over NYC Congestion Pricing Freeze
New York Gov. Kathy Hochul was sued over her pause on the city’s traffic congestion pricing plan by an advocacy group that claims she had no legal authority to put the program on hold.
Stellantis Profit Plunges 48% in First Half of Year
MILAN — Stellantis CEO Carlos Tavares pledged action to tackle problems in North America and elsewhere July 25 after reporting a plunge in first-half earnings.
July 25, 2024XPO’s Budlowski Secures 13th Trip to NTDC
WINDSOR LOCKS, Conn. — XPO's Ernie Budlowski and Team Connecticut are hoping that their upcoming trip to Indianapolis results in back-to-back championships at NTDC.
Union Pacific Profit Grows 7%
OMAHA, Neb. — Union Pacific delivered 7% growth in its second-quarter profit even though the number of shipments it hauled remained essentially flat.
Economic Growth Increased in Q2 to Healthy 2.8% Annual Rate
WASHINGTON — The nation’s economy accelerated last quarter at a strong 2.8% annual pace, with consumers and businesses helping drive growth despite the pressure of high interest rates.
Ruling Paves Way to Restart Work on Exxon’s Texas LNG Plant
A bankruptcy judge on July 24 approved a settlement that will allow other companies to finish work on an Exxon gas export project in Texas.
Ford Profit Falls Short on Quality Woes, Warranty Costs
Ford Motor Co. posted second-quarter profit that fell short of Wall Street estimates, saying quality problems with new vehicles led to a surge in warranty costs.
Old Dominion Posts Third Straight Quarter of Revenue Growth
Old Dominion Freight Line marked its third consecutive quarter of year-over-year revenue growth during the second quarter of 2024, the company reported July 24.