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.

GovernmentBusiness

Senators Struggle to Amend, Finish Infrastructure Bill

WASHINGTON — Nearing decision time, senators were struggling to wrap up work on the bipartisan infrastructure plan despite hopes to expedite consideration and voting on the nearly $1 trillion proposal.

August 6, 2021
GovernmentBusiness

US Added 943,000 Jobs in July

WASHINGTON — Hiring surged in July as American employers added 943,000 jobs. The unemployment rate dropped to 5.4% as the U.S. economy continues to bounce back from last year’s coronavirus shutdown.

August 6, 2021
GovernmentBusinessTechnologyEquipment

Digital Series Spotlights TT Magazines in Debut Episodes

Transport Topics has launched a digital event series that spotlights its supplemental publications, and featured its new Calibrate equipment-focused magazine and redesigned iTECH technology publication in its debut episodes.

August 5, 2021
GovernmentBusinessFuel

Automakers Join Biden in Pledge to Boost EV Sales

DETROIT — The Biden administration wants automakers to raise gas mileage and cut tailpipe pollution between now and model year 2026, and it has won a voluntary commitment Aug. 5 from the industry that electric vehicles will comprise up to half of U.S. sales by the end of the decade.

August 5, 2021
BusinessEquipmentTop 100

Class 8 Orders Steady in July

Class 8 orders poked along in July at about 25,000, ACT Research reported as order boards appear full for the remainder of this year.

August 5, 2021
GovernmentBusinessSafety

ATA Legal Forum Offers Strategies to Counter Lawsuit Abuses

From the rise in multimillion dollar “nuclear” jury verdicts against motor carriers to federal and state efforts to redraw the industry’s independent contractor business model, these are pressing times for lawyers that represent trucking companies.

August 5, 2021
BusinessTechnologyAutonomous

Qualcomm Offers $4.6 Billion for Veoneer, Topping Magna Bid

Qualcomm Inc. offered to buy automotive technology company Veoneer Inc. for $4.6 billion, muscling in on a bid Magna International Inc. made for the supplier last month.

August 5, 2021
BusinessTechnologyLogistics

Uber’s Do-It-All Approach Stalls Pursuit of Profit

Another quarter passed, and Uber Technologies Inc. is a little further from its goal of posting an adjusted profit by the end of the year.

August 5, 2021
BusinessLogisticsTop 100

Yellow Narrows Year-Over-Year Loss to $9.4 Million in Q2

Yellow Corp. reported an increase in net revenue and a narrower net loss for the second quarter.

August 5, 2021
BusinessTechnologyEquipment

CVG Reaches Record Quarterly Revenue in Q2

Commercial vehicle supplier CVG reported higher second-quarter net income and record quarterly revenue as it continued to diversify its customer base and emphasize secular growth.

August 5, 2021