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.

BusinessLogisticsTop 100

Daseke Reports Improved Q1 Earnings

Flatbed carrier Daseke Inc. reported that its first-quarter net loss narrowed by more than half compared with year-ago levels.

May 10, 2021
BusinessLogistics

Patrick Moebel Appointed President of FedEx Trade Networks

FedEx Logistics Inc. has appointed Patrick Moebel to be president of FedEx Trade Networks Transport & Brokerage, Inc., the company announced May 10.

May 10, 2021
GovernmentBusinessTechnologyFuel

Colonial Pipeline Could Be Back Up Within Days

WASHINGTON — The operator of a major U.S. pipeline hit by a cyberattack said May 10 it hopes to have service mostly restored by the end of the week.

May 10, 2021
GovernmentBusinessTechnologyFuel

Gas Futures Shrug Off Cyberattack on Pipeline

A rally in gasoline futures lost steam as traders expect there will be enough fuel supply to meet demand after a cyberattack led to the shutdown of the largest U.S. oil-products pipeline. Crude futures reversed gains

May 10, 2021
BusinessTechnologyFuelAutonomous

Mercedes Unveils Electric Van for Growing Battery-Powered Lineup

Mercedes-Benz is giving a sneak peek of an electric van that is among the models broadening its battery-powered range over the next year.

May 10, 2021
BusinessTop 100

Tyson Earnings Top Estimates on Beef Demand

Tyson Foods Inc., the biggest U.S. meat company, reported better-than-expected fiscal second-quarter earnings and raised its sales forecast as beef markets strengthen and the company increases prices to pass through higher costs.

May 10, 2021
BusinessTechnologyFuelAutonomous

Driverless Truck Startup Plus to List in $3.3 Billion SPAC Deal

Self-driving truck technology developer Plus announced it entered into a definitive business combination agreement with Hennessy Capital Investment Corp. V, a publicly traded special purpose acquisition company.

May 10, 2021
GovernmentBusinessFuel

Cyberattack on US Pipeline Linked to Criminal Gang

NEW YORK — The cyberextortion attempt that has forced the shutdown of a vital U.S. pipeline was carried out by a criminal gang known as DarkSide that cultivates a Robin Hood image of stealing from corporations and giving a cut to charity, two people close to the investigation said May 9.

May 10, 2021
GovernmentBusinessTechnologyFuelBreaking News

FMCSA Issues Emergency Declaration to June 8 Due to Pipeline Cyberattack

The Federal Motor Carrier Safety Administration is providing emergency relief from hours-of-service regulations to motor carriers and drivers assisting operations linked to refined petroleum supply chains in the East Coast in the wake of a cyberattack against Colonial Pipeline.

May 9, 2021
GovernmentBusinessTechnologyFuel

Colonial Pipeline’s Silence Has Energy Traders Nervous

Traders and shippers are increasingly nervous about the possibility of a shortage of fuel in the eastern U.S. two days after the shutdown of a major pipeline following a cyberattack.

May 9, 2021