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.

BusinessPrivate

Walmart’s Driver Pay Boost Goes Beyond Miles Driven

Walmart Inc. made a big splash recently with the news that it was boosting its overall pay package for first-year drivers to as much as $110,000 a year. But its new compensation package for drivers of all experience levels covers more than just pay per mile.

April 26, 2022
BusinessLogisticsFor-Hire

UPS Reports Strong Q1 Earnings Amid Lower Package Volume

UPS Inc. reported first-quarter earnings that exceeded Wall Street expectations, saying its quarterly income increased to $3.3 billion compared with $2.77 billion in the first quarter of 2021.

April 26, 2022
BusinessEquipment

Paccar Reports Higher Profit, Revenue for Q1

Paccar Inc. posted increases in net income and total revenue in the first quarter, the truck maker said in its report released April 26.

April 26, 2022
GovernmentBusinessFuel

US Earmarks $504 Million for World’s Largest Hydrogen Hub

The U.S. is backing a project to create the world’s largest hydrogen production and storage facility in Utah in a push to bring the clean-burning fuel into the mainstream.

April 26, 2022
BusinessTechnologyEquipment

March’s Average Used Class 8 Retail Price Breaks $100,000

The average retail price in March of a used Class 8 vehicle pushed past the $100,000 mark for the first time, ACT Research reported.

April 26, 2022
BusinessEquipmentFuelTCA

Zero-Emission Truck Trial OK’d for California Ports

Long Beach harbor commissioners on April 25 approved an agreement — hailed as groundbreaking — that will deploy 100 battery-electric trucks owned and operated by Schneider and NFI to the twin ports of Los Angeles and Long Beach.

April 26, 2022
GovernmentBusinessTechnologySafetyFuel

US Senate Transportation Leader Touts Biden Emissions Program

The leader of the transportation policy committee in the U.S. Senate endorsed the Biden administration’s latest initiative to curb emissions through a comprehensive funding program.

April 26, 2022
BusinessTechnology

Where Will Elon Musk Get Cash for Twitter?

Elon Musk and Twitter Inc. reached an agreement for the world’s richest man to buy the social networking platform for $44 billion, resolving the pressing question of whether the company’s board would consent to the leveraged buyout deal.

April 26, 2022
BusinessTechnologyLogistics

Maersk Sees Possible Contraction in Global Container Market

Disruptions in global trade flows are set to persist into the second part of the year, longer than previously expected, Danish transport giant A.P. Moller-Maersk A/S predicted.

April 26, 2022
GovernmentBusinessSafetyLogistics

Local Leaders Embrace White House Rural Infrastructure Plan

Rural communities across the country are participating through the National League of Cities in a White House virtual initiative to learn more about gaining access to federal infrastructure funds.

April 25, 2022