Trucking Business News

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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.

GovernmentBusinessTechnologyEquipmentFuelTCA

At Ford Visit, Biden Says Future of Autos Is Electric

Without mentioning his predecessor’s name, President Joe Biden criticized former President Donald Trump while visiting a Ford Motor Co. plant in Dearborn, Mich., on May 18, saying Trump’s rollback of fuel standards delayed an inevitable move to electric vehicles.

May 18, 2021
GovernmentBusinessTechnologyEquipmentFuel

Biden Takes Spin in Ford’s Electric F-150

President Joe Biden made an unscheduled stop at a Ford Motor Co. test track outside Detroit on May 18, where he hopped into the company’s new all-electric F-150 pickup truck and took a spin.

May 18, 2021
BusinessTechnologyLogistics

For Freight Brokers, Managing Data Key as Volume Grows, Experts Say

Artificial intelligence and machine learning are two expanding means logistics companies can use to gather and process tremendous amounts of data surrounding freight shipments.

May 18, 2021
BusinessTechnologyFuelAutonomous

Elon Musk Loses World’s Second-Richest Ranking

Elon Musk’s Twitter posts keep sending Bitcoin prices tumbling. His own fortune is heading in the same direction. On May 17, Tesla Inc.’s CEO lost his spot as the world’s second-richest person.

May 18, 2021
BusinessTechnologyAutonomous

Rivian’s Tesla Alums Lead Charge as Debut Nears for First Three EVs

Rivian Automotive Inc. will soon set off on an aggressive sprint to upend the electric-vehicle business, with plans to start selling three models — a pickup truck, SUV and delivery van — in a matter of months. For this ambitious effort, it has harnessed powerful weapons: former Tesla Inc. engineers who launched the company’s Model 3 sedan.

May 18, 2021
BusinessLogisticsBreaking News

Tonnage in April Rises 6.9% Year-Over-Year

Truck tonnage in April increased a seasonally adjusted 6.9% compared with year-ago levels, according to American Trucking Associations' For-Hire Truck Tonnage Index.

May 18, 2021
Business

Walmart Raises Forecast on Desire to ‘Get Out and Shop’

Walmart Inc. posted strong quarterly sales growth and boosted its profit outlook, an impressive feat as the retailer faced a difficult comparison with last year’s pandemic-fueled stockpiling. The shares rose in premarket trading.

May 18, 2021
BusinessTechnologySafetyAutonomous

California Places Tesla’s ‘Full Self-Driving’ Under Review

LOS ANGELES — California’s Department of Motor Vehicles is reviewing whether Tesla is violating a state regulation by advertising its vehicles as being fully autonomous without meeting the legal definition of self-driving.

May 18, 2021
GovernmentBusinessSafety

NTSB Chairman Robert Sumwalt to Step Down at End of June, Source Says

WASHINGTON — The chairman of the National Transportation Safety Board will step down from his position at the end of June, and the Biden administration is expected to nominate a fellow board member to replace him, a person familiar with the matter told the Associated Press on May 17.

May 18, 2021
GovernmentBusiness

CN Rail Offer for K.C. Southern to Fall Under Stricter Rules

Canadian National Railway Co.’s proposal to acquire Kansas City Southern will be judged under stricter regulations adopted in 2001, the U.S. regulator said in an expected decision that lays the ground rules for what would be the first major rail merger in more than two decades.

May 17, 2021