Trucking Business News

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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.

GovernmentBusinessEquipmentFuel

Zero-Carbon Shipping Plan Targets Container, Iron Ore Routes

Shipping routes for the transport of iron ore from Australia to Japan and containerized goods from East Asia to Europe are at the center of plans to slash maritime carbon emissions by 2030.

November 10, 2021
GovernmentBusiness

Inflation Builds With Biggest Gain in Prices Since 1990

U.S. consumer prices rose in October at the fastest annual pace since 1990, cementing high inflation as a hallmark of the pandemic recovery and eroding spending power even as wages surge.

November 10, 2021
BusinessTechnologyFuel

Rivian Set for IPO That Will Rank as Year’s Biggest

Electric vehicle-maker Rivian Automotive Inc. priced shares in its initial public offering at $78 apiece to raise about $11.9 billion, according to people familiar with the matter.

November 9, 2021
GovernmentBusinessBreaking News

ATA-Led Coalition Sues to Block Federal Vaccine Mandate

American Trucking Associations, along with three state trucking associations and a number of groups representing various facets of the supply chain, have sued the Biden administration over its employer-based COVID-19 vaccine mandate.

November 9, 2021
GovernmentBusinessLogistics

White House Unveils Port Funding to Ease Supply Chain Congestion

BALTIMORE — The Biden administration is relying on infrastructure dollars to help fix the clogged ports and blanket the nation with internet access — but a series of initiatives rolled out on Nov. 9 show that the urgent pace might not be fast enough to address the immediate needs of an economy coping with a supply chain squeeze and a shift to remote work.

November 9, 2021
BusinessEquipment

Wabash Posts Higher Q3 Financials, Announces Name Change

Wabash, formerly known as Wabash National Corp., notched higher net income and revenue in the third quarter, citing increased shipments of new trailers, while its all-time high $1.9 billion backlog of orders rose 87% compared with a year earlier.

November 9, 2021
GovernmentBusinessLogistics

Savannah Port Gets Funds to Expand Container Storage

The U.S. Department of Transportation will allow the Georgia Port Authority to build storage for shipping containers at sites near the Port of Savannah using $8 million in unspent federal grants, part of a new plan to relieve supply chain bottlenecks at U.S. ports.

November 9, 2021
BusinessEquipment

Equipment Manufacturers Shift to Counter Supply Chain Uncertainty

Some major equipment manufacturers said they are rethinking their operations and taking new steps to confront volatility in the supply chain.

November 9, 2021
GovernmentBusinessTechnologySafety

Congress Mandates New Car Tech to Stop Drunken Driving

WASHINGTON — Congress has created a new requirement for automakers: Find a high-tech way to keep drunken people from driving cars.

November 9, 2021
GovernmentBusinessSafety

Brent Spence Bridge May Finally Get Fix in $1 Trillion Bill

WASHINGTON — President Joe Biden on Nov. 8 launched his sales pitch for his recently passed $1 trillion infrastructure bill, predicting that a notoriously congested bridge that sits in Senate Republican leader Mitch McConnell’s backyard finally will get a long overdue overhaul.

November 9, 2021