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.

BusinessEquipment

Used Class 8 Retail Average Price in December Sets Record

The average retail price for a used Class 8 vehicle in December forged ahead to another monthly record as it cleared $82,000. That was 66% higher compared with a year earlier, ACT Research reported.

January 27, 2022
GovernmentBusinessTechnologyEquipmentSafety

Biometric Privacy Law in Illinois Posing Legal Challenge for Truckers

Legal experts are warning that trucking companies and their technology providers could be unintentionally dragged into state and federal class-action civil lawsuits over compliance with the notification requirements of an Illinois biometric privacy law.

January 27, 2022
GovernmentBusiness

Congressional Republicans Press White House for Infrastructure Policy Insight

The top Republican on the U.S. House Transportation and Infrastructure Committee called on the White House to brief his colleagues on the Biden administration’s strategy for implementing a $1 trillion infrastructure law.

January 27, 2022
BusinessTechnologyFuel

Renault, Nissan to Invest $26 Billion in Future EVs

The French-Japanese auto alliance of Renault and Nissan plans to invest $26 billion in electric vehicle technology over the next five years, the companies said Jan. 27.

January 27, 2022
GovernmentBusinessFuel

The Diesel Market Looks at Risk of Price Spikes

A slump in global diesel stockpiles has left the market vulnerable to price spikes.

January 27, 2022
BusinessLogistics

Norfolk Southern Posts Record Results for Q4, Full Year

Norfolk Southern Corp. reported record fourth-quarter and full-year net income from railway operations and operating ratio when the Class I railroad released its results Jan. 26.

January 27, 2022
BusinessLogistics

Cardboard Box Shortage Is Latest Disruption to Global Shipping

The latest hurdle to shipping goods in a world gripped by pandemic-driven supply chain disruptions is a shortage of cardboard boxes, according to one of the world’s biggest makers of the material.

January 27, 2022
GovernmentBusiness

Jobless Claims Decline for First Time in Four Weeks

Applications for U.S. state unemployment insurance fell for the first time in four weeks, partially unwinding a recent spike in claims due to the omicron variant.

January 27, 2022
BusinessLogisticsTop 50Top 100

Landstar Reports Record Revenue of $1.95B for Q4

Landstar System on Jan. 26 reported record quarterly revenue and operating income for the fourth quarter of 2021.

January 27, 2022
GovernmentBusiness

Economic Growth Quickens in Q4 With Inventory Boost

U.S. economic growth accelerated by more than forecast in the fourth quarter, fueled by the rebuilding of inventories and capping the strongest year since the 1980s.

January 27, 2022