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

Biden Floats 15% Minimum Corporate Tax to Fund Infrastructure

President Joe Biden has pitched to Republicans the idea of a 15% minimum tax on U.S. corporations, along with strengthened IRS enforcement efforts, as a way to fund a bipartisan infrastructure package.

June 4, 2021
GovernmentBusinessTechnologySafetyTop 100

Pete Buttigieg Cites Importance of I-40 Bridge Repair

Phase 2 of the two-part effort to repair the Interstate 40 bridge is underway, according to transportation officials.

June 4, 2021
GovernmentBusiness

House Democrats Unveil $547B Highway Bill Amid Biden Talks

Democratic members of the House Transportation and Infrastructure Committee on June 4 unveiled a $547 billion surface transportation reauthorization bill.

June 4, 2021
GovernmentBusinessSafety

NHTSA: Truck-Involved Fatalities Down 2%

The National Highway Traffic Safety Administration reported fatalities in large truck-related crashes were down 2% in 2020 from 2019, but overall the number of on-road fatalities rose 7%.

June 4, 2021
GovernmentBusiness

US Adds 559,000 Jobs in May

WASHINGTON — U.S. employers added 559,000 jobs in May, an improvement from April’s sluggish gain but still evidence that many companies are struggling to find enough workers as the economy rapidly recovers from the pandemic recession.

June 4, 2021
GovernmentBusiness

Biden’s Infrastructure Plan Endangered by Dire Shortages

The biggest threat to President Joe Biden’s vision of energizing the U.S. economy with the largest infrastructure program in decades may not be its challenging path through Congress, but a dire shortage of everything from workers to cement mills.

June 4, 2021
BusinessTechnologyEquipment

New DTNA CEO John O’Leary Notes Industrywide Challenges, Strong Demand for Company's Brands

In the months since taking the CEO reins at Daimler Trucks North America, John O’Leary has watched the trucking industry deliver a response he described as “remarkable” to the unprecedented disruptions of the COVID-19 pandemic. He believes emerging opportunities and lessons learned position the industry for recovery and growth.

June 3, 2021
BusinessEquipmentTop 100

May Class 8 Orders Fall to 22,900

Class 8 preliminary orders for May fell to the lowest point since August, settling just below 23,000 as the industry paused amid little chance to join this year’s orders backlog, ACT Research reported, citing truck makers’ initial data.

June 3, 2021
BusinessTechnologyFuel

Workhorse Soars 83% in Three Days on Newfound Retail Fandom

Troubled electric truck startup Workhorse Group Inc. has become the latest darling of retail traders, who have pushed its share price up 83% in just three trading sessions.

June 3, 2021
BusinessTechnology

Despite Retention Issues, Most Truck Drivers Not Looking for Work

The majority of truck drivers are not actively looking for a new job, but a robust recruiting environment makes it easy for them to find one should they want to make a move, a recent industry survey found.

June 3, 2021