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

Federal Infrastructure Agreement Could Boost Construction, Experts Say

State lawmakers have been active in pursuing bills to support infrastructure work, but the construction market could see a further boost if federal leaders can agree on a legislative package, according to transportation experts.

July 13, 2021
GovernmentBusinessSafety

Federal Grants Program to Include Focus on Environmental Justice, Racial Equality

A popular Federal Highway Administration grant program for the first time asks those seeking contracts to include a focus on “racial equity, environmental justice and access to opportunity.â€

July 13, 2021
BusinessLogistics

XPO Spinoff GXO to Go Public Aug. 2

GXO Logistics will sell shares to the public for the first time Aug. 2 on the New York Stock Exchange, executives said during an investor day presentation July 13.

July 13, 2021
GovernmentBusinessLogisticsTCA

Pennsylvania Ponders Package Fee to Pay for Roads, Bridges

What if the solution to Pennsylvania’s transportation funding quagmire was all the brown boxes and padded envelopes left at people’s front doors?

July 13, 2021
BusinessEquipmentBreaking News

Class 8 Sales in June Second-Highest This Year

U.S. retail sales of Class 8 vehicles in June punched above 19,000, WardsAuto .com reported, and reached the second-highest volume this year.

July 13, 2021
BusinessSafetyFuelLogistics

‘Fragile’ Jet Fuel Supply Chain Could Ground Firefighting Aircraft

BOISE, Idaho — Airport officials facing jet fuel shortages are concerned they’ll have to wave off planes and helicopters that drop fire retardants during what could be a ferocious wildfire season, potentially endangering surrounding communities.

July 13, 2021
BusinessFuel

Electrify America to Double EV Charging Stations by 2025

SILVER SPRING, Md. — Electrify America, an electric vehicle charging network funded with money paid by Volkswagen as punishment for its emissions cheating scandal, said it plans to more than double its number of charging stations throughout the United States and Canada.

July 13, 2021
GovernmentBusinessSafetyLogistics

Slow Vaccine Rates for Seafarers Threaten to Worsen Shipping Chaos

Global vaccinations of seafarers are going too slowly to prevent outbreaks on ships from causing more trade disruptions, endangering maritime workers and potentially slowing economies trying to pull out of pandemic slowdowns.

July 13, 2021
BusinessTechnologyFuelAutonomous

EV Battery Maker SES Agrees to Go Public Via Ivanhoe SPAC

Battery maker SES Holdings Pte has agreed to go public by merging with Ivanhoe Capital Acquisition Corp. in a deal that will value the combined company at about $3.6 billion.

July 13, 2021
GovernmentBusiness

Consumer Prices Surged in Past Year the Most Since 2008

WASHINGTON — American consumers faced a third straight monthly surge in prices in June, the latest evidence that a rapid reopening of the economy is fueling pent-up spending for goods and services that in many cases remain in short supply.

July 13, 2021