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.

Business

Sutton Transport Acquires CRH Transportation’s LTL Division

Sutton Transport entered into an agreement Oct. 20 to purchase the less-than-truckload division of CRH Transportation.

October 21, 2021
Business

Amazon Staten Island Warehouse Workers Lead Push to Unionize

More than 2,000 workers at four Amazon.com Inc. facilities in Staten Island have signed a petition asking federal labor officials to greenlight an election to form a new union, according to organizers, the latest spasm of labor strife between the e-commerce giant and its employees.

October 21, 2021
BusinessLogisticsTop 100

Landstar Reports Record Earnings, Revenue for Q3

Landstar System Inc. saw revenue and earnings reach records during the third quarter of 2021, the company reported Oct. 20.

October 21, 2021
BusinessTechnologyLogistics

Volvo Warns More Chip Woes Will Curtail Truck Production

Volvo Group said the chip shortages and supply chain snarls will continue to cap truck making, leaving the Swedish manufacturer with little choice but to turn away some customers.

October 21, 2021
Business

CSX’s Q3 Earnings Beat Street Expectations

CSX Corp. announced third-quarter earnings that beat Wall Street analysts’ expectations. The Class I railroad's net income rose 32% to $968 million compared with $736 million in 2020.

October 21, 2021
GovernmentBusinessLogistics

Union Pacific Reports Strong Q3 Earnings

As freight volumes surge, Omaha, Neb.-based Union Pacific Railroad reported strong third-quarter results that significantly exceeded the company’s report from this time last year and beat Wall Street analysts’ expectations.

October 21, 2021
GovernmentBusinessTechnologyFuelAutonomous

Tesla Concerned About NHTSA’s Safety Pick

Elon Musk and thousands of Tesla Inc.’s die-hard fans and customers are in an uproar about NHTSA’s new pick as its senior safety adviser.

October 21, 2021
BusinessTechnologyFuel

Ford’s Maverick Hybrid Pickup Truck Nearly Sold Out for 2022 Model Year

Ford Motor Co.’s new Maverick tiny truck is nearly sold out for the 2022 model year in its standard setup with a gas-electric hybrid propulsion system.

October 21, 2021
BusinessTop 100

Covenant Reports $274.6 Million in Revenue for Q3 2021

Covenant Logistics Group Inc. saw revenue increase to $274.6 million during the third quarter of 2021, the company reported Oct. 20.

October 21, 2021
BusinessLogistics

Canadian Pacific Reports Mixed Q3 Earnings

Canadian Pacific Railway reported mixed third-quarter earnings on Oct. 20, when the Calgary, Alberta-based carrier said combined freight and nonfreight revenue increased 4.3% year-over-year to C$1.94 billion from C$1.86 billion a year ago.

October 20, 2021