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.

BusinessTechnologyFuel

Ford Acquires Battery-Management Startup to Charge EV Fleets

Ford Motor Co. has acquired a startup that specializes in managing charging networks for commercial electric vehicles, a business the automaker hopes could generate as much as $1 billion in revenue by 2030.

June 17, 2021
BusinessTechnologyLogisticsAutonomous

Electric Plane Pioneer Pivots to Cargo Drones

The man behind the only electric plane cleared to fly quickly discovered the challenges of converting world-leading technology into profits in a hotly contested, futuristic segment of aviation.

June 17, 2021
GovernmentBusiness

Jobless Claims Rise for First Time Since April

Applications for U.S. state unemployment insurance rose slightly for the first time since late April, likely a temporary blip for a labor market that’s otherwise improving as the economy reopens.

June 17, 2021
BusinessTechnologyAutonomous

KeepTruckin Raises Fresh Funds Valuing Startup at $2.3 Billion

KeepTruckin Inc. raised $190 million in a new funding round that values the San Francisco-based provider of fleet management software at $2.3 billion.

June 17, 2021
GovernmentBusiness

Bipartisan Infrastructure Plan Gains Support

Prospects for a bipartisan deal on the biggest infrastructure package in decades improved on June 16 as 21 senators, including 11 Republicans, signed onto a bipartisan framework for a $579 billion package.

June 16, 2021
BusinessTechnologyAutonomousTop 100

Locomation Adds PGT Trucking to Its Autonomous Convoy

Self-driving technology company Locomation announced motor carrier PGT Trucking Inc. is the latest fleet to sign up for its human-guided autonomous truck convoying technology.

June 16, 2021
GovernmentBusinessEquipmentLogistics

Labor, Driver Shortages Delay Commercial, Military Moves

The moving industry is facing mammoth labor and truck driver shortages during the peak military moving season and an explosion of moving demands in the commercial market, possibly delaying unscheduled summer moves until August or September, according to American Trucking Associations' Moving and Storage Conference.

June 16, 2021
GovernmentBusinessLogistics

NRF Seeks Meeting With Biden Over Port Congestion Issues

Congestion and delays in the supply chain continue to be a major headache for the nation’s retailers and now the National Retail Federation has asked President Joe Biden for a face-to-face meeting to discuss what can be done to improve the long delays.

June 16, 2021
BusinessTechnologyAutonomous

Alphabet’s Waymo Raises $2.5 Billion After Key Departures

Waymo, Alphabet Inc.’s self-driving car unit, said it raised $2.5 billion in a recent funding round to help advance its technology and replace a management team rocked by departures.

June 16, 2021
GovernmentBusinessFuelTCA

Sen. Manchin Cites ā€˜Grave Concerns’ About US ā€˜Going to the EV’

WASHINGTON — U.S. Sen. Joe Manchin, a conservative Democrat whose vote is key to any infrastructure deal in the narrowly divided Senate, expressed ā€œgrave concernsā€ June 15 about the Biden administration’s drive to boost adoption of electric vehicles.

June 16, 2021