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.

GovernmentBusinessLogistics

Kansas City Southern Earnings Rise

As it undertakes a $30 billion merger, Kansas City Southern released its fourth-quarter and full-year 2021 financial report on Jan. 28.

February 3, 2022
GovernmentBusinessSafety

Government Aims to Streamline CDL Process

The Federal Motor Carrier Safety Administration amended its regulatory guidance to clarify that federal statutes and regulations do not prohibit third-party testers from administering commercial driver license learner permit knowledge tests.

February 3, 2022
GovernmentBusiness

Jobless Claims Decline for Second Week as Omicron Eases

Applications for U.S. state unemployment insurance fell for a second week, partially unwinding a recent spike in claims as the omicron wave recedes.

February 3, 2022
GovernmentBusinessLogistics

Bulk Shipping Rates Extend Slide on Weak Demand From China

A slowdown in China’s steel production is curbing demand for bulk ships to transport iron ore, driving a steady decline in global freight rates from October’s peak.

February 3, 2022
GovernmentBusiness

Productivity Increases by the Most in More Than a Year

U.S. productivity surged last quarter by the most in more than a year, reflecting a sharp acceleration in economic output, while labor costs growth cooled.

February 3, 2022
Business

Old Dominion Posts Record Annual Result

Old Dominion Freight Line reported gains in fourth-quarter profit and revenue and record results for the entire year, and the company's CEO says it is positioned for a strong 2022.

February 3, 2022
BusinessEquipmentFuel

Study Tallies Massive Growth in Electric Truck Orders

Electric trucks comprise a fraction of the commercial vehicle fleet in the U.S., but orders in the pipeline — including one from a prominent online seller — could make the numbers spike in coming years, a study said.

February 3, 2022
BusinessLogisticsTop 50

C.H. Robinson Reports 55.7% Earnings Surge for Q4

C.H. Robinson Worldwide saw net income soar during the fourth quarter of 2021, the company reported Feb. 2.

February 2, 2022
BusinessEquipmentFuel

In Joint Venture, DTNA to Develop EV Charging Networks

Daimler Truck North America, BlackRock Inc.’s Renewable Power Group and NextEra Energy Resources announced a joint venture to create electric charging networks along critical freight corridors on the East and West coasts and Texas beginning by 2026.

February 2, 2022
BusinessTop 100

Saia’s Annual Revenue Tops $2 Billion for First Time

Less-than-truckload carrier Saia Inc. reported large revenue and profit gains for the fourth quarter and year.

February 2, 2022