Trucking Business News

About Business News...

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.

BusinessTechnologyEquipment

Cummins Q4 Net Income Falls, Revenue Flat

Cummins Inc. reported a decline in fourth-quarter net income on flat revenue as supply chain constraints continued to present headwinds.

February 3, 2022
BusinessEquipment

Utility Adds Dealership to Network

Utility Trailer Manufacturing Co. announced Double A Utility Trailers, a dealership located in northwestern Ohio, is now part of Utility’s dealer network.

February 3, 2022
BusinessEquipmentLogisticsTop 100

Yellow Reports Mixed Q4, 2021 Results

Less-than-truckload carrier Yellow Corp. reported mixed year-over-year fourth-quarter and full year earnings.

February 3, 2022
GovernmentBusinessTechnology

House Debates Supply Chain Semiconductor Bill

Democratic leaders in the U.S. House of Representatives signaled the likelihood of advancing legislation meant to enhance supply chain connectivity.

February 3, 2022
GovernmentBusinessLogistics

Kansas City Southern Earnings Rise

As it undertakes a $30 billion merger, Kansas City Southern released its fourth-quarter and full-year 2021 financial report on Jan. 28.

February 3, 2022
GovernmentBusinessSafety

Government Aims to Streamline CDL Process

The Federal Motor Carrier Safety Administration amended its regulatory guidance to clarify that federal statutes and regulations do not prohibit third-party testers from administering commercial driver license learner permit knowledge tests.

February 3, 2022
GovernmentBusiness

Jobless Claims Decline for Second Week as Omicron Eases

Applications for U.S. state unemployment insurance fell for a second week, partially unwinding a recent spike in claims as the omicron wave recedes.

February 3, 2022
GovernmentBusinessLogistics

Bulk Shipping Rates Extend Slide on Weak Demand From China

A slowdown in China’s steel production is curbing demand for bulk ships to transport iron ore, driving a steady decline in global freight rates from October’s peak.

February 3, 2022
GovernmentBusiness

Productivity Increases by the Most in More Than a Year

U.S. productivity surged last quarter by the most in more than a year, reflecting a sharp acceleration in economic output, while labor costs growth cooled.

February 3, 2022
Business

Old Dominion Posts Record Annual Result

Old Dominion Freight Line reported gains in fourth-quarter profit and revenue and record results for the entire year, and the company's CEO says it is positioned for a strong 2022.

February 3, 2022