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.

GovernmentBusinessSafety

Carriers Stepping Up Outreach to Recruit Driver Candidates

Motor carriers are expanding the scope of their recruiting efforts amid an ongoing driver shortage that’s been exacerbated by post-pandemic demand, hiring experts said.

September 9, 2021
Business

Union Pacific Sees Stubborn Inflation, From Rails to Lawn Mowing

Union Pacific Corp. is coping with inflation on everything from steel for tracks to cleaning its offices and sees no signs of relief soon.

September 9, 2021
GovernmentBusinessTechnologyEquipmentFuelLogistics

Diesel Exhaust Fluid Sensor Failures Sideline Thousands of Trucks

Ongoing shortages of replacement parts for failed diesel exhaust fluid quality sensors are believed to be causing thousands of trucks nationwide to be disabled and parked.

September 9, 2021
Business

Amazon Will Spend $1.2 Billion on Employee Tuition, Courses

Amazon.com Inc. said it will pay college tuition for select frontline employees, becoming the latest big U.S. employer to offer educational perks to attract and retain workers in a tight labor market.

September 9, 2021
GovernmentBusinessLogistics

Canadian Pacific Moves Into Lead Position for Merger With KCS

Canadian Pacific Railway has edged ahead of rival Canadian National in the back-and-forth battle to acquire Kansas City Southern, as a key vote from KCS shareholders and an earlier ruling from the Surface Transportation Board point toward resolution of a duel that has been brewing for the better part of six months.

September 9, 2021
Business

Owner of Terminal at Port of Los Angeles Explores Sale

EQT Infrastructure, an arm of alternative-asset manager EQT AB, is exploring a sale of its 90% controlling stake in Fenix Marine Services, which operates a container terminal in the Port of Los Angeles, according to people with knowledge of the matter.

September 9, 2021
Business

Walmart Breaks Green-Bond Record With $2 Billion Debut Sale

Walmart Inc. made its green bond market debut with a $2 billion offering Sept. 8, the largest ever from a U.S. corporation, according to data compiled by Bloomberg.

September 9, 2021
GovernmentBusiness

US House Kicks Off $3.5 Trillion Budget Process

Infrastructure and climate change priorities of President Joe Biden’s domestic agenda will be considered when congressional lawmakers return to the nation’s capital the week of Sept. 13.

September 9, 2021
GovernmentBusiness

White House Blasts Meatpackers for Grocery ā€˜Profiteering’

The Biden administration is taking aim at major meatpackers, charging that ā€œpandemic profiteeringā€ is squeezing consumers and farmers alike, with a few companies that dominate the industry raking in record profits.

September 9, 2021
BusinessLogisticsTop 100

UPS to Hire 100,000, Many in 30 Minutes or Less

The package delivery company said Sept. 9 that it plans to hire more than 100,000 people for the busy holiday shipping season, many of whom will get job offers within 30 minutes of applying.

September 9, 2021