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.

BusinessTechnologyFuel

Hyliion Reports Net Loss, No Income for Q3

Hyliion Holdings Corp. reported a wider third-quarter net loss and no revenue as it worked to bring its two electrified powertrain solutions for Class 8 trucks to market.

November 10, 2021
GovernmentBusiness

US Budget Deficit Eases to $165 Billion in October

The U.S. monthly budget deficit fell in October as the government collected more taxes from individuals and corporations thanks to a much improved economy emerging from the coronavirus pandemic.

November 10, 2021
GovernmentBusinessTechnologyEquipment

Isaac, Trimble Among First to Receive ELD Certification in Canada

A handful of electronic logging devices have now received certification for Canada’s federal ELD mandate.

November 10, 2021
Business

Daimler to Sell Its $364 Million Stake in Renault

Daimler AG said it intends to dispose of all of its stake in Renault SA, valued at about $364 million.

November 10, 2021
GovernmentBusinessSafety

Trucking Advised to Prepare for Vaccine Mandate as Courts Review Case

NASHVILLE, Tenn. — A federal law that would mandate vaccinations or regular COVID-19 testing for companies with more than 100 employees is being challenged in court, but one expert noted that the uncertainty around the rule stretches beyond the fundamental question of whether the government can enforce it.

November 10, 2021
GovernmentBusinessFuel

Households Face Biggest Surge in Electricity Costs Since 2009

U.S. consumers faced the biggest jump in their energy bills in more than a decade in October, with costs soaring for electricity, natural gas and fuel oil as cooler weather approaches.

November 10, 2021
GovernmentBusinessSafety

Congress Returns to Build Back Better Budget, Fiscal 2022 Negotiations

Negotiating the passage of President Joe Biden’s nearly $2 trillion social infrastructure budget bill and finalizing the funding framework for fiscal 2022 are among the legislative items on Congress’ end-of-the-year agenda.

November 10, 2021
BusinessLogisticsTop 100

Strong M&A Market Continues

Trucking is continuing to see an active mergers and acquisitions market with several deals recently announced.

November 10, 2021
GovernmentBusinessLogistics

A Rare Port Success Story Is Chance for Biden to Tout Plans

President Joe Biden will use the Baltimore port as a backdrop Nov. 10 in his campaign to promote the $550 billion infrastructure legislation Congress cleared last week, $17 billion of which would go to ports.

November 10, 2021
GovernmentBusinessLogistics

US House Panel to Examine Supply Chain Nov. 17

Ongoing supply chain challenges experienced by commercial ports and freight corridors will be examined when the transportation panel in the U.S. House of Representatives meets for a hearing Nov. 17.

November 10, 2021