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.

BusinessTechnologyEquipment

Toshiba to Split, Sell Stake in Carrier

TOKYO — Embattled Japanese technology giant Toshiba plans to split into two companies, and intends to sell its joint venture stake in Toshiba Carrier Corp. to U.S.-based Carrier Group, for about 100 billion yen ($877 million).

February 7, 2022
BusinessLogistics

Amazon’s $191 Billion Jump Sets Record for Market Value Gain

Amazon.com Inc. shares surged 14% on Feb. 4, adding about $191 billion in market value, after investors cheered its fourth-quarter earnings report. The advance was the biggest single-day gain in U.S. stock market history.

February 4, 2022
BusinessTechnologySafety

TrueNorth CEO Smith Hands President Title to Tillman

TrueNorth President and CEO Jason Smith has handed off the title of president to Trent Tillman, executive vice president of TrueNorth’s transportation division. Tillman will assume the role while retaining his current responsibilities.

February 4, 2022
GovernmentBusiness

Illinois Trucking Association Launches Women’s Coalition

The Illinois Trucking Association launched a new coalition aimed at empowering women in the trucking industry.

February 4, 2022
BusinessLogistics

CFI Plans to Upgrade Tractors, Raise Pay

TFI International operating company CFI on Feb. 2 detailed plans to upgrade its fleet equipment and increase driver pay this year.

February 4, 2022
GovernmentBusinessTechnology

House Passes Bill Promoting Semiconductor Development

The U.S. House of Representatives on Feb. 4 passed an expansive bill that would invest tens of billions in the U.S. tech sector, but Republican objections that it’s too weak on China threaten what Democrats hoped would be a quick election-year win.

February 4, 2022
Business

RLS Adds Two Cold Chain Companies to Network

RLS Logistics announced the recent acquisitions of two cold chain companies Feb. 2 in a move aimed at bolstering its network of solution providers.

February 4, 2022
BusinessTechnology

Toshiba to More Than Double Chip Output With New Plant

Toshiba Corp. will build a new wafer fabrication plant for power semiconductors that will more than double its production capacity by March 2025, the company announced Feb. 4.

February 4, 2022
BusinessTechnologyEquipmentAutonomousTCA

TuSimple to Haul Union Pacific Goods Between Tucson, Phoenix

Self-driving truck developer TuSimple says Union Pacific Railroad will be its first customer to move freight on the company’s fully automated trucking route between Tucson and Phoenix, after making a test run on a similar route in December.

February 4, 2022
Business

Employers Add 467,000 Jobs in January

WASHINGTON — U.S. employers added a burst of 467,000 jobs in January despite a wave of omicron infections that sickened millions of workers, kept many consumers at home and left businesses from restaurants to manufacturers short-staffed.

February 4, 2022