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.

GovernmentBusinessLogistics

Vaccine Rule Raises Shipping Costs for Canadian Grocer

The head of one of Canada’s largest supermarket chains says the vaccine mandate for truckers crossing the U.S.-Canada border is raising the cost of shipping fresh food. But so far, it has had little impact on the retailer’s ability to stock shelves.

January 25, 2022
GovernmentBusinessFuel

US Taps Strategic Reserve for 13.4 Million Barrels of Oil

The U.S. Department of Energy announced the loan of 13.4 million barrels of crude oil from its strategic reserve as part of a renewed effort by the Biden administration to contain oil prices that have surged to their highest level since 2014.

January 25, 2022
BusinessTechnologyEquipment

Daimler’s Richard Howard Envisions Transformation of Truck Financing

As technology continues to transform the commercial truck market, Daimler’s Richard Howard sees a similar evolution underway on the financial services side of the industry.

January 25, 2022
BusinessLogistics

N.J. Trucking Leader Myron ‘Mike’ Shevell Dies at 87

New Jersey trucking leader Myron "Mike" Shevell dies at 87 after a career in the industry that spanned decades.

January 25, 2022
GovernmentBusinessLogistics

New York Works to Expand Road Testing Availability for CDLs

Efforts are underway in New York to enable more people to conduct road tests for commercial driver licenses to reduce a long backlog exacerbated by the ongoing coronavirus pandemic.

January 25, 2022
BusinessTechnologyAutonomous

VW, Bosch Team Up on Self-Driving Software

Volkswagen AG is partnering with Robert Bosch GmbH to develop a common software platform to bring hands-free driving functions to the German carmaker’s entire fleet in a bid to compete with Tesla Inc.

January 25, 2022
BusinessTechnologyFuel

GM’s $6.5 Billion Electric Truck Blitz Wins Michigan Incentives

General Motors Co. plans to spend $6.5 billion on an electric pickup plant and battery factory in Michigan thanks in part to a $1.8 billion incentive package put together by the state to make sure the automaker didn’t take a big piece of its EV business elsewhere.

January 25, 2022
GovernmentBusinessTechnology

Chip Shortage Expected to Stretch Through 2022

The Biden administration has concluded that a global semiconductor shortage will persist until at least the second half of this year, promising long-term strain on a range of U.S. businesses, including automakers and the consumer electronics industry.

January 25, 2022
BusinessTechnologyAutonomous

Robotics Startups Seek to Build a Better Self-Driving Lawn Mower

Hundreds of well-funded robotics startups are working on self-driving cars, self-piloting drones and shelf-diving warehouse robots. One lesser-known area that’s beginning to draw the attention of investors: autonomous lawn mowers.

January 25, 2022
BusinessTechnologyAutonomous

Teen Tesla Hacker Accessed Owners’ Email Addresses to Warn Them

The 19-year-old cybersecurity researcher who remotely accessed dozens of Tesla Inc. vehicles through a third-party flaw, has a new trick: hacking the car owners’ email addresses to notify them they are at risk.

January 25, 2022