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.

BusinessLogistics

CN Rail to Name New CEO Next Month; Candidate Jim Vena Drops Out

Canadian National Railway Co. dropped the most in eight months after saying that Jim Vena, a former executive favored by shareholder TCI Fund Management Ltd. to run the company, had dropped from consideration to replace CEO Jean-Jacques Ruest.

December 20, 2021
GovernmentBusinessSafety

Appeals Court OKs Private Employer Vaccine Mandate

A federal appeals court panel on Dec. 17 allowed President Joe Biden’s COVID-19 vaccine mandate for larger private employers to move ahead.

December 17, 2021
GovernmentBusinessFuel

Biden Crude Oil Release Moves Into Second Round

The Biden administration’s release of crude from U.S. emergency reserves to cool oil’s rally is going into a second round, with bids due by the first working day of the year.

December 17, 2021
BusinessTechnologyFuelLogisticsAutonomousTop 100TCA

BrightDrop Delivers First Electric Vans to FedEx

BrightDrop, General Motors Co.’s new electric delivery and logistics business, has delivered the first five vans of an order of 500 to FedEx Corp., the company said Dec. 17.

December 17, 2021
BusinessEquipment

M&K Truck Centers Appoints Josh Wolf COO

M&K Truck Centers, with locations in four states, named Josh Wolf chief operating officer, effective immediately.

December 17, 2021
BusinessTechnologyEquipmentAutonomous

Cruise CEO Dan Ammann Abruptly Leaves

Dan Ammann has abruptly left the CEO role at Cruise, the autonomous driving unit that is majority owned by General Motors.

December 17, 2021
BusinessTechnologyEquipment

VW Bets on Scania to Lead Traton’s Challenge of Daimler, Volvo

Traton SE is banking on its Swedish Scania brand, one of the world’s most profitable truck makers, to beat a path to challenging industry leaders Daimler Truck AG and Volvo AB with newcomers like Nikola Corp. also making a push.

December 17, 2021
GovernmentBusinessTechnologyAutonomous

Rivian Officially Announces Georgia Site of Plant

ATLANTA — Rivian Automotive was attracted to Georgia’s education system, resources and talent when choosing a site for its $5 billion battery and assembly plant, a company official said Dec. 16 as the project was officially announced.

December 17, 2021
GovernmentBusinessSafetyLogistics

Driver Shortage Defines Trucking for 2021

The shortage of professional drivers quickly became the defining issue for the industry during the past year with its far-reaching effects.

December 17, 2021
GovernmentBusinessTechnology

Transportation Groups Seek Federal Help to Ease Chip Shortage

A coalition of trucking, transportation and manufacturing stakeholders in letters sent to President Joe Biden, members of his Cabinet and congressional leaders expressed concern over how the persistent shortage of semiconductors needed for manufacturing new trucks is affecting the broader economic landscape.

December 16, 2021