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.

BusinessEquipment

December Trailer Orders Held Down by Ongoing Challenges

U.S. preliminary net trailer orders in December fell 39% compared with a year earlier and 17% below November’s peak volume as operational challenges remained firmly in place, according to ACT Research, which cited trailer makers’ initial data.

January 13, 2022
Business

John Lex, America’s Road Team Captain, Dies at 56

Professional truck driver William John Lex, a longtime driver for Walmart Transportation and an America’s Road Team Captain for American Trucking Associations, died Jan. 10 after a bout with colon cancer. He was 56.

January 13, 2022
BusinessTechnologyEquipmentLogisticsAutonomous

GXO Announces Warehouse Expansion in Europe With Zooplus

GXO Logistics Inc., the spinoff logistics company from XPO Logistics Inc., is expanding its presence in Europe.

January 13, 2022
BusinessTechnologyEquipmentFuel

Kenworth Sees Electric Truck Interest Grow Rapidly

SUNNYVALE, Calif. — Paccar is pushing quickly into electric trucks, planning models that range from delivery box trucks to Class 8 tractors, including a hydrogen fuel cell version mated to an electric drivetrain.

January 13, 2022
GovernmentBusinessSafetyLogisticsBreaking News

Supreme Court Halts COVID-19 Vaccine Rule for Large US Businesses

The United States Supreme Court on Jan. 13 blocked enforcement of the Biden administration’s proposed sweeping vaccine rules, which would have required companies with more than 100 employees — including trucking companies — to ensure workers receive a COVID-19 vaccine or undergo weekly testing and wear a mask.

January 13, 2022
GovernmentBusinessSafetyLogistics

FMCSA Sets Up Apprenticeship for Young Drivers

The Federal Motor Carrier Safety Administration has formally announced establishment of the truck driver apprenticeship program that was included in last year’s sweeping $1 trillion infrastructure bill, an initiative that will train candidates younger than 21 to drive in interstate commerce for the first time ever.

January 13, 2022
BusinessTechnology

Ford Market Value Tops $100 Billion on Surging Electric Vehicles

Ford Motor Co.’s market value topped $100 billion as investors bet on the 118-year-old automaker’s prospects in the dawning electric age.

January 13, 2022
GovernmentBusiness

Wholesale Prices Jumped 9.7% in 2021

Prices at the wholesale level surged by a record 9.7% for all of 2021, setting an annual record and providing further evidence that inflation is still present at all levels of the U.S. economy.

January 13, 2022
GovernmentBusinessEquipment

Canada Joins Mexico in Complaint Over US Car-Origin Rules

Canada is joining Mexico in formally disputing how the U.S. interprets rules governing the origin of vehicle parts under the trilateral trade agreement between the countries.

January 13, 2022
GovernmentBusiness

Initial Jobless Claims Rise to Highest Since Mid-November

Applications for U.S. state unemployment insurance rose unexpectedly for a second consecutive week to the highest in two months, suggesting that the recent surge in COVID-19 cases could be leading to dismissals.

January 13, 2022