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.

BusinessTechnology

Trucker Tools Announces Integration With Port TMS

Trucker Tools announced Aug. 26 a platform integration with transportation management software provider Port TMS.

August 27, 2021
BusinessTechnologyEquipment

Orange EV Expands Agreement With Lazer Spot

Orange EV announced a multiyear agreement to manufacture and deliver more than 25 EV yard trucks to Lazer Spot Inc. this year and next.

August 27, 2021
GovernmentBusiness

White House, DOT Tap John Porcari as Port Envoy to Address Supply Chain Issues

The White House and the U.S. Department of Transportation announced Aug. 27 that John Porcari will serve as port envoy to the administration鈥檚 Supply Chain Disruptions Task Force.

August 27, 2021
BusinessTechnologyFuelAutonomous

BYD Profit Falls 30% as Chip, Lithium Shortages Increase Costs

BYD Co., the Chinese electric-vehicle and battery maker backed by Warren Buffett, said first-half earnings fell as shortages of chips and lithium increased costs.

August 27, 2021
BusinessTechnologyFuel

Rivian Files for IPO

Rivian Automotive Inc., the maker of electric pickups backed by Amazon .com Inc., has filed for an initial public offering and is seeking a roughly $80 billion valuation, according to people familiar with the matter.

August 27, 2021
BusinessTechnologyEquipment

Toyota to Assemble Fuel Cell Modules in US for Heavy-Duty Trucks

Toyota will begin assembling integrated dual fuel cell modules in the United States starting in 2023. They are intended for use in hydrogen-powered, heavy-duty commercial trucks.

August 27, 2021
GovernmentBusiness

Powell Says Fed on Track to Slow Aid for Economy Later This Year

WASHINGTON 鈥 The Federal Reserve will start dialing back its ultra-low-rate policies this year as long as hiring continues to improve, Chair Jerome Powell said Aug. 27, signaling the beginning of the end of the Fed鈥檚 extraordinary response to the pandemic recession.

August 27, 2021
GovernmentBusinessSafety

Illinois Gov. J.B. Pritzker Signs Transportation Asset Management Plan Into Law

Illinois Gov. Jay 鈥淛.B.鈥 Pritzker has signed a law intended to improve transportation infrastructure while maximizing the effectiveness of taxpayer dollars.

August 27, 2021
GovernmentBusinessFuel

OPEC+ Expected to Stick to Planned Output Hike

OPEC and its allies are expected to press on with their planned revival of oil production when they meet next week, as prices bounce back from their August stumble.

August 27, 2021
GovernmentBusinessLogisticsTCA

North Dakota DOT Develops Freight Plan

BISMARCK, N.D. 鈥 The North Dakota Department of Transportation is developing the State Freight & Rail Plan and has launched the project website.

August 27, 2021