Trucking Business News

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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.

GovernmentBusinessSafety

Driver Drug Violations Increased by 10% in 2021 Over Prior Year

The total number of truck driver drug violations increased by 10% in 2021, compared with total numbers reported in 2020, according to a new federal Drug & Alcohol Clearinghouse summary report.

February 9, 2022
BusinessTop 100

UPS Freight Acquisition Fuels TFI’s Q4 Growth

TFI International reported gains in fourth-quarter and annual net income and revenue, helped by its acquisition of the UPS Freight operation.

February 9, 2022
Business

XPO Ends Eventful Year With Record $3.36 Billion Revenue

XPO Logistics Inc. achieved its highest quarterly revenue ever during the fourth quarter of 2021, the company reported Feb. 8.

February 9, 2022
BusinessLogistics

Seroka Sees Chance to Ease Ship Backlog by Summer Peak

U.S. supply chains have a chance to return to more normal operations after retailers replenish inventories next quarter, even if the next peak shipping season arrives sooner than usual, Port of Los Angeles Executive Director Gene Seroka said Feb. 9.

February 9, 2022
GovernmentBusiness

House Transportation Panel Plans Water Bill

Democratic leaders on the U.S. House transportation committee are proceeding with an update to the Water Resources Development Act, or WRDA.

February 9, 2022
BusinessTechnology

Toyota’s Auto Sales Sag on Chips Crunch

TOKYO — Toyota’s profit slipped nearly 6% last quarter, the Japanese automaker said Feb. 9, highlighting the headwinds automakers are facing in a computer chips crunch caused by the coronavirus pandemic.

February 9, 2022
BusinessTop 100

Hub Group Reports Record Q4 Revenue

Hub Group Inc. reported record fourth-quarter revenue and net income as the company benefited from high pricing caused by constraints across the supply chain.

February 9, 2022
BusinessLogistics

Maersk Sees Record Profit as Demand Surges

COPENHAGEN, Denmark — Maersk said that 2021 was its most profitable year yet, bringing in $18.7 billion as surging demand from a rebounding global economy led to supply chain logjams.

February 9, 2022
GovernmentBusinessFuel

Senators Call for Gas Tax Suspension to Blunt Rising Prices

WASHINGTON — Some Democratic senators on Feb. 9 called for suspending the federal gas tax for the remainder of the year to help consumers struggling with rising fuel prices.

February 9, 2022
GovernmentBusiness

House OKs Bill Easing Budget Strains on Postal Service

WASHINGTON — Congress would lift onerous budget requirements that have helped push the Postal Service deeply into debt and would require it to continue delivering mail six days per week under bipartisan legislation the House approved Feb. 8.

February 9, 2022