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

State, Local Job Recovery Stalls Amid Virus Resurgence

State and local governments shed employees in August, underscoring the impact of the latest surge in U.S. coronavirus infections and the cautious approach municipalities have been taking with their windfall from federal aid.

September 3, 2021
BusinessLogisticsPerspective

Perspective: In Hard Times, Truckers Deliver

National Truck Driver Appreciation Week is a time to remind the public of the debt of gratitude owed to these unsung heroes.

September 3, 2021
Business

Love’s Travel Stops Donates $100,000 to St. Christopher Fund

Love’s Travel Stops has donated another $100,000 to the St. Christopher Truckers Development and Relief Fund, the company announced.

September 3, 2021
GovernmentBusinessLogistics

Maryland DOT Capital Budget Draft Considers Freight

Freight movement is a priority outlined in the Maryland Department of Transportation’s recently released draft of its six-year capital budget.

September 3, 2021
BusinessTechnologyFuelAutonomous

Tesla Reportedly Delays Cybertruck by a Year to Late 2022

Tesla Inc.’s Cybertruck pickup has fallen about a year behind schedule, blog Electrek reported, citing remarks CEO Elon Musk made on a companywide call with employees.

September 3, 2021
BusinessTechnologyEquipment

Nikola, Bosch Partner on Fuel Cell Manufacturing

Nikola Corp. announced an agreement to build fuel cell power modules using technology licensed from Bosch Group.

September 3, 2021
BusinessEquipment

Class 8 Orders in August Hit Five-Month High

North American Class 8 orders in August nearly hit 37,000, marking a five-month high with demand showing no sign of a letup, and also no letup from issues causing problems in filling them, ACT Research reported.

September 3, 2021
GovernmentBusinessFuel

Exxon Taps Strategic Oil Reserve After Ida Shuts Gulf Output

ExxonMobil Corp. is tapping the U.S. Strategic Petroleum Reserve to revive gasoline production in Louisiana after Hurricane Ida left much of the devastated state’s refining and oil production offline.

September 3, 2021
GovernmentBusinessFuel

Port Fourchon Sustains Less Hurricane Damage Than Feared

BATON ROUGE, La. — A critical port that serves as the primary support hub for the Gulf of Mexico’s deepwater offshore oil and gas industry sustained less damage from Hurricane Ida’s direct hit than initially feared and should be back to working operations “in the near future,” a port leader said Sept. 2.

September 3, 2021
BusinessTechnologyFuel

Daimler Rejects Environmental Groups’ Climate Demand

BERLIN — German automaker Daimler on Sept. 3 dismissed a “cease and desist” demand from two environmental groups to commit to ending the sale of combustion engine vehicles by 2030.

September 3, 2021