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.

BusinessTechnologyEquipmentFuel

Cummins Posts Q3 Income, Revenue Gains

Cummins Inc. reported strong medium- and heavy-duty engine sales amid global growth, despite moderating demand in China, led to increased net income and revenue in the fiscal third quarter.

November 2, 2021
Business

Ford’s Climb Takes Stock Above Levels Last Seen Under Mulally

Ford Motor Co.’s shares have climbed steeply over the past couple of months, pushing them to levels last seen when Alan Mulally — the former CEO who is often called the company’s savior — was at the wheel.

November 2, 2021
BusinessFuel

Marathon Petroleum Weighs the Sale of Alaska Refinery

Marathon Petroleum Corp. is weighing a sale of its Kenai refinery in Alaska as the U.S.’ largest independent crude processor seeks to further streamline operations.

November 2, 2021
BusinessFuel

BP Says Oil Demand Is Back Above 100 Million Barrels a Day

As world leaders discuss the fight against climate change, global oil demand has bounced back above the key level of 100 million barrels a day last seen before the COVID-19 pandemic, according to BP Plc.

November 2, 2021
BusinessTechnologyLogistics

Technology Helps Manage Spot Market

Technological solutions are increasingly helping shippers and carriers manage a boisterous business climate in which spot freight plays a prominent role.

November 2, 2021
BusinessLogisticsTop 50

Maersk Sees Global Shipping Markets Staying Tight Into 2022

A.P. Moller-Maersk A/S expects shipping markets to remain tight at least into the first quarter with global container demand set to grow faster than previously expected.

November 2, 2021
BusinessLogistics

Ship Queues Worsen Port Delays From Singapore to Greece

The world’s largest shipping hubs are suffering elevated levels of congestion as containers pile up at seaports from Singapore to Greece’s Piraeus.

November 2, 2021
BusinessEquipmentLogistics

Sinking Auto Steel Demand Reveals Cracks in Robust US Market

The record steel rally is starting to show early signs of cooling, with one top U.S. producer scouring for buyers to take over abandoned orders of high-end metal used by automakers.

November 2, 2021
BusinessTechnologyEquipment

Volvo’s Voorhoeve Sees Growing Market for Electric Trucks, Driver-Assist Tech

NASHVILLE, Tenn. — Volvo Trucks North America CEO Peter Voorhoeve sees expanding opportunities for electric-powered trucks and further growth for driver-assistance technologies in this time of transformation for the commercial vehicle market.

November 2, 2021
BusinessLogistics

GXO Releases First Quarterly Earnings Report

GXO Logistics released its first earnings report Nov. 1 after becoming an independent company.

November 1, 2021