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

Hyliion Q1 Results Lack Revenue, but Product Development Accelerates

Electrified powertrain company Hyliion reported no revenue in the first quarter ended March 31, but mentioned progress with its product development, as it also noted in its first-ever earnings report for the third quarter and again in Q4.

May 19, 2021
GovernmentBusiness

Capito Sees More Than 50% Chance of Infrastructure Deal

President Joe Biden and Senate Republicans have a greater than 50-50 chance of striking a deal on infrastructure, in the view of top GOP negotiator Sen. Shelley Moore Capito.

May 19, 2021
BusinessTechnologyEquipmentAutonomous

Phillips Connect Hires Jon Morrison as Executive Consultant

Smart-trailer product developer Phillips Connect announced that former Wabco Americas president Jon Morrison will serve as a strategic executive to the company as it looks to increase its market share in trailer connectivity and support a future with autonomous vehicles.

May 19, 2021
BusinessTechnologyEquipment

Convoy Launches Backup, Spot Services for Drop-and-Hook

Convoy launched an automated drop-and-hook service for backup and spot freight to give shippers added flexibility for unexpected demand surges, the digital freight network announced May 19.

May 19, 2021
GovernmentBusiness

Buttigieg Reinstates Local Hiring Program

WASHINGTON — Transportation Secretary Pete Buttigieg on May 19 reinstated an Obama-era pilot program that aims to aid minority and disadvantaged people by ensuring local hiring for public works construction projects, reversing a decision by the Trump administration.

May 19, 2021
BusinessEquipmentFuel

Oil That Cooked Fries Is Now Refueling Planes

The world’s biggest maker of renewable diesel says it’s creating a new market for low-carbon jet fuel as passengers slowly return to the skies.

May 19, 2021
GovernmentBusinessSafety

ATRI Marks 20th Anniversary

The American Transportation Research Institute is marking 20 years of providing the industry with research into the issues it confronts every day.

May 19, 2021
GovernmentBusinessTechnologyFuel

Biden Considering Point-of-Sale Rebates for Electric Car Buyers

The Biden administration wants to give consumers rebates for purchasing electric vehicles to help the U.S. compete against China in manufacturing the next generation of automobiles, White House climate adviser Gina McCarthy said.

May 19, 2021
GovernmentBusinessSafety

ATA Extends Contract for President, CEO Chris Spear

American Trucking Associations President Chris Spear has signed a contract that extends his leadership of the organization for five more years, ATA announced.

May 19, 2021
GovernmentBusinessTechnologyLogistics

China Bill to Include $52 Billion for U.S. Chip Manufacturing

The Senate will include $52 billion to bolster domestic semiconductor manufacturing in a broader bill to enhance U.S. competitiveness with China, Senate Majority Leader Chuck Schumer said.

May 18, 2021