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.

GovernmentBusinessEquipmentTop 100

Yellow CEO Darren Hawkins: Q4 Earnings Show Carrier on Right Track

Yellow Corp. CEO Darren Hawkins told Transport Topics that the less-than-truckload carrier’s recent financial performance demonstrates its moves to rebuild its fleet, secure new business while maintaining existing customers and implement new technologies are setting the stage for long-term growth.

February 10, 2022
BusinessTop 100

Forward Air Reports Record Revenue, Earnings for Q4

Forward Air Corp. on Feb. 9 reported all-time quarterly records for revenue, net income and diluted shares for the fourth quarter of 2021.

February 10, 2022
BusinessLogisticsTop 50

Maersk to Buy Pilot Freight Services

A.P. Moller-Maersk intends to acquire Pilot Freight Services, the Danish ocean shipping giant announced Feb. 9.

February 9, 2022
BusinessTechnologyEquipment

Cummins to Acquire Jacobs Vehicle Systems

Altra Industrial Motion Corp. announced it entered into an agreement to sell its Jacobs Vehicle Systems business to Cummins Inc. for $325 million.

February 9, 2022
GovernmentBusinessLogistics

Border Blockage Continues as Some Canadian Provinces Ease COVID Restrictions

TORONTO — A rapidly growing list of Canadian provinces moved to lift their COVID-19 restrictions as protesters decrying virus precautions kept up the pressure with truck blockades Feb. 9 in the capital and at key U.S. border crossings, including the economically vital bridge to Detroit.

February 9, 2022
GovernmentBusinessSafety

Maine Sets $1.8 Billion Plan for Infrastructure Upgrades

Three steel bridges in Maine that cross Interstate 95 and date to the Dwight Eisenhower administration are included in a $1.8 billion plan to overhaul some of the state’s transportation infrastructure.

February 9, 2022
GovernmentBusinessSafety

Driver Drug Violations Increased by 10% in 2021 Over Prior Year

The total number of truck driver drug violations increased by 10% in 2021, compared with total numbers reported in 2020, according to a new federal Drug & Alcohol Clearinghouse summary report.

February 9, 2022
BusinessTop 100

UPS Freight Acquisition Fuels TFI’s Q4 Growth

TFI International reported gains in fourth-quarter and annual net income and revenue, helped by its acquisition of the UPS Freight operation.

February 9, 2022
Business

XPO Ends Eventful Year With Record $3.36 Billion Revenue

XPO Logistics Inc. achieved its highest quarterly revenue ever during the fourth quarter of 2021, the company reported Feb. 8.

February 9, 2022
BusinessLogistics

Seroka Sees Chance to Ease Ship Backlog by Summer Peak

U.S. supply chains have a chance to return to more normal operations after retailers replenish inventories next quarter, even if the next peak shipping season arrives sooner than usual, Port of Los Angeles Executive Director Gene Seroka said Feb. 9.

February 9, 2022