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.

GovernmentBusinessSafetyFuel

Democrats Prepare Go-It-Alone Approach on Infrastructure

WASHINGTON — Patience running thin, Democratic leaders are laying the groundwork for a go-it-alone approach on President Joe Biden’s big jobs and families infrastructure plans even as the White House continues negotiating with Republicans on a much more scaled-back $1 trillion proposal.

June 16, 2021
GovernmentBusinessLogistics

Carriers, Independent Contractors Oppose California AB 5 Contractor Law

Trade organizations representing motor carriers and independent owner-operators alike say they strongly oppose a new California law that aims to reclassify large numbers of independent contractors as company employees, according to new documents filed in a recent appellate court challenge to the law.

June 16, 2021
BusinessTechnologyEquipmentFuelAutonomous

GM to Spend More on Electric Vehicles, Add Battery Plants

DETROIT — General Motors will raise its spending on electric and autonomous vehicles and add two U.S. battery factories as it gambles that consumers will eagerly switch from gasoline to the new technology.

June 16, 2021
BusinessTechnology

Chinese Trucking Startup Seeks $1.6 Billion in US IPO

Full Truck Alliance Co., an Uber-like trucking startup, is looking to raise as much as $1.57 billion in an initial public offering, which would make it one of the biggest U.S. listings by a Chinese company this year.

June 16, 2021
BusinessEquipment

May Medium-Duty Sales Climb 36% From 2020 Period

U.S. retail sales in May for Classes 4-7 improved 36% compared with a year earlier, as all but the heaviest class showed strong gains, WardsAuto .com reported.

June 16, 2021
BusinessTechnologyFuel

Lordstown Motors Jumps on Forecast for 11 Months of Cash on Hand

Lordstown Motors Corp. jumped after saying it has enough money to make its battery-powered trucks through May of next year, paring a record decline the previous day following the departure of two top executives.

June 15, 2021
GovernmentBusinessTechnologySafety

Truck Parking Information Needs to Be Functional, Accurate, ATRI Research Says

Effectively addressing the truck parking capacity problem will depend on standardization and accuracy, according to a recent white paper from the American Transportation Research Institute.

June 15, 2021
GovernmentBusiness

Dems, White House Give Infrastructure Compromise One Last Chance

The White House is giving bipartisan talks on a compromise infrastructure package another week to 10 days to bear fruit and is prepared to endorse a Democrat-only route if that effort fails, according to House lawmakers.

June 15, 2021
GovernmentBusinessTechnologyFuel

John Kerry: Carbon Capture ‘Key Tool’ to Curb Factory Emissions

Carbon capture is emerging as a key strategy for curbing greenhouse-gas emissions from heavy industry, according to U.S. climate envoy John Kerry.

June 15, 2021
GovernmentBusiness

US Industrial Production, Factory Output Climb in May

Surging output of cars, trucks and auto parts pulled U.S. factory production up 0.9% in May.

June 15, 2021