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.

BusinessTechnology

High-Tech Recruiting Battles

Professional drivers are any trucking company’s greatest asset. That’s true regardless of market conditions, but it becomes especially clear when the recruiting pipeline begins to run dry.

March 4, 2022
GovernmentBusinessTechnologyEquipmentSafety

GM Loses Bid to Skip Recall for Lights That Are Too Bright

DETROIT — General Motors has lost a bid to avoid recalling about 727,000 small SUVs in the U.S. with headlight beams that can be too bright and cause glare for oncoming drivers.

March 4, 2022
BusinessTechnologyEquipmentSafety

Trucking Technology Q&A: Yellow's Jason Ringgenberg

Jason Ringgenberg joined Yellow Corp. in 2014 after more than 20 years at technology and consulting firm Accenture, where he worked with several commercial transportation clients across multiple modes, including less-than-truckload, parcel and rail. He is now Yellow's chief information officer.

March 4, 2022
GovernmentBusinessFuel

California Pump Prices Hit Records

California, already paying record prices for motor fuel, is set to shell out even more with the Golden State more exposed to surging oil prices than the rest of the country in the wake of Russia’s invasion of Ukraine.

March 3, 2022
GovernmentBusinessFuelAutonomous

Musk Invites UAW to Hold Organizing Vote at Factory

DETROIT — Elon Musk is inviting the United Auto Workers union to hold an organizing vote at Tesla’s factory in Fremont, Calif.

March 3, 2022
GovernmentBusinessSafety

Buttigieg Defends Infrastructure Law’s Implementation Before US Senate Panel

Provisions approved in the country’s premier federal infrastructure law will alleviate supply chain bottlenecks and assist the economy, the U.S. Secretary of Transportation told a Senate panel March 2.

March 3, 2022
BusinessLogisticsTop 50

Brokers Expect Rising Contract Rates for 2022

Freight brokerage firms are anticipating that contract rates will keep rising this year, with a slowdown not expected until year’s end.

March 3, 2022
BusinessSafety

More Carriers Announce Driver Pay Raises

Carriers continue to hike pay in hopes of stemming the driver shortage, with Cargo Transporters, B&G Supply Co., Montgomery Transport and Two Marines Moving among the latest to announce raises.

March 3, 2022
BusinessFuel

Rivian Cancels Price Hikes for Existing Customers After Outcry

Rivian Automotive Inc. dropped to a record low after the electric-vehicle maker rolled back price increases on its debut cars for existing customers, marking an about-face as it ramps up production and seeks to win over more buyers.

March 3, 2022
BusinessTechnologyEquipmentLogistics

February Class 8 Orders Mirror Weak Production Levels

Preliminary North American Class 8 orders in February came in at 21,000, or essentially even with January’s volume, but were less than half of what fleets ordered a year earlier, ACT Research reported, citing truck makers’ initial data.

March 3, 2022