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.

BusinessTechnologyEquipment

Out-of-Network Repairs Help Dealerships Nurture New Relationships With Fleets

For trucking companies, securing timely repairs at their partnered truck dealerships is typically simple, straightforward and an expectation that came with the purchase. But what about when the truck is on a long haul and must be serviced by another dealer? In those likely events, truck dealers say that building rapport is the road map to a successful business partnership.

May 24, 2021
GovernmentBusinessLogistics

Suez Canal’s Claim Over Once-Stuck Ship Referred by Court

CAIRO — An Egyptian appeals court said May 23 it lacks jurisdiction to look into the Suez Canal Authority’s demands to uphold financial claims that led to the seizure of the cargo ship that blocked the waterway in March.

May 24, 2021
GovernmentBusinessTechnologySafety

Senate Panel Reaches Bipartisan Deal on Highway Funding Package

A group of senators said it reached a bipartisan agreement on highway funding a day after Republicans rejected the Biden administration’s trimmed-down $1.7 trillion infrastructure proposal.

May 24, 2021
BusinessTechnologyFuel

Cummins to Build Hydrogen Equipment Factory in Spain

American industrial giant Cummins Inc. plans to build in Spain one of the world’s largest manufacturing facilities for machines that produce hydrogen from electricity.

May 24, 2021
GovernmentBusinessFuel

Change of Venue Requested in Pilot Flying J Retrial

Former Pilot Flying J President Mark Hazelwood and two former company executives have asked a federal judge for a change of venue in their upcoming retrial early next year on federal charges of cheating truckers out of diesel fuel rebates.

May 21, 2021
GovernmentBusiness

Biden, GOP Senators Continue Negotiations on Infrastructure

President Joe Biden’s infrastructure funding agenda was scaled down to about $1.7 trillion amid ongoing pushback from the Republican leadership in the Senate, which on May 27 outlined a $928 billion counterproposal.

May 21, 2021
GovernmentBusinessTechnologyAutonomous

Looking Ahead to Autonomous Trucking

Although autonomous trucks are still in their infancy, the continued development and eventual deployment of these vehicles represents a new frontier for the freight transportation business. As this technology advances in the coming years and decades, fleet operators that adopt self-driving trucks will encounter a new management challenge: finding the best ways to combine automation with human labor.

May 21, 2021
BusinessTechnologyAutonomous

When Will Trucks Drive Themselves?

The road to autonomous trucking is long and littered with obstacles, but developers of self-driving systems for commercial vehicles are making clear and tangible progress in their mission to bring this technology to market.

May 21, 2021
GovernmentBusinessSafety

Illinois Releases $20.7 Billion Infrastructure Construction Plan

Illinois Gov. Jay “J.B.” Pritzker joined various officials May 19 to announce the release of a $20.7 billion transportation construction plan for the state.

May 21, 2021
BusinessLogistics

Kansas City Southern Exits CP Deal, Takes CN’s $34 Billion

NEW YORK — Kansas City Southern has abandoned its agreement to be acquired by Canadian Pacific, choosing instead a competing bid from Canadian National Railway with a bigger price tag, but also greater regulatory risks.

May 21, 2021