Trucking Business News

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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.

GovernmentBusinessTechnologyEquipmentLogistics

Infrastructure Battle Puts China Chip Bill on Back Burner

A bipartisan push to make the U.S. more competitive with China and bolster domestic chip production risks falling by the wayside as Congress grapples with a packed year-end agenda in an ever-more-divided Capitol.

October 20, 2021
GovernmentBusinessSafetyFuel

Baker Hughes Joins Halliburton in Ida-Fueled Oil Services Hit

Another disappointment to jolt the oil services sector: Baker Hughes Co. reported a third-quarter earnings stumble that included pain from Hurricane Ida and a warning of hampered growth for oil demand.

October 20, 2021
GovernmentBusinessTechnologyEquipmentSafety

NHTSA Deputy Steven Cliff to Be Nominated as Administrator

A former California pollution regulator is being nominated to run the nation’s highway safety agency.

October 20, 2021
GovernmentBusinessSafetyLogistics

Union Pacific, Unions Sue Each Other Over Vaccine Mandate

OMAHA, Neb. — Union Pacific and its labor unions are suing each other to determine whether the railroad has the authority to require its employees to get vaccinated against the coronavirus.

October 20, 2021
BusinessLogistics

CN Railway CEO Ruest to Retire

The embattled CEO of Canadian National Railway announced his retirement on Oct. 19, the same day the company posted financial gains during a third quarter that saw its attempt to merge with Kansas City Southern fall apart.

October 19, 2021
GovernmentBusiness

Biden Focuses on Climate, Families in Trimmed $2 Trillion Plan

WASHINGTON — Scaling down his Build Back Better plans, President Joe Biden on Oct. 19 described a more limited vision to Democratic lawmakers of a $2 trillion government-overhaul package with at least $500 billion to tackle climate change and money for middle-class priorities — child tax credits, paid family leave, health care and free pre-kindergarten.

October 19, 2021
BusinessLogistics

Union Pacific Receives Cargo 24/7 Near L.A. Ports

Union Pacific Corp. has begun receiving trucks around-the-clock at its freight facility near the ports of Long Beach and Los Angeles, extending operating time by about 20 hours a week to help ease cargo congestion.

October 19, 2021
BusinessLogisticsTop 100

Hub Group Acquires Choptank Transport

Intermodal and logistics company Hub Group announced it acquired Choptank Transport Inc., which was founded in 2000 and is a provider of non-asset refrigerated transportation solutions.

October 19, 2021
BusinessLogistics

Kansas City Southern Reports Mixed Q3 Earnings

Kansas City Southern reported mixed third-quarter financial results on Oct. 19, as the Class I freight railroad saw a 13% jump in revenue to $744 million, compared with $659.6 million a year earlier.

October 19, 2021
GovernmentBusiness

°®¶¹´«Ã½ Construction Declines 1.6% in September

SILVER SPRING, Md. — °®¶¹´«Ã½ construction fell 1.6% in September as builders continue to be tripped up by supply chain bottlenecks.

October 19, 2021