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.

GovernmentBusinessTechnologyFuel

Experts Say Cyberattack on Pipeline Is a Wake-Up Call

NEW YORK 鈥 The shutdown of a vital U.S. pipeline because of a ransomware attack stretched into a third day May 9, with the Biden administration saying an 鈥渁ll-hands-on-deck鈥 effort is underway to restore operations and avoid disruptions in gasoline supply.

May 9, 2021
GovernmentBusinessFuel

Ransomware Attack Shuts Down Biggest US Gas Pipeline

Colonial Pipeline is working to restore operations after a cyberattack prompted the company to take its systems offline, threatening the supply of refined petroleum products to gas stations in major cities on the U.S. eastern seaboard.

May 8, 2021
GovernmentBusinessFuelTCA

Minnesota 鈥楥lean Cars鈥 Rules Get OK to Move Forward

The administration of Minnesota Gov. Tim Walz and state regulators can adopt new vehicle emission standards without the OK from lawmakers, an administrative law judge ruled May 7.

May 7, 2021
BusinessLogistics

Americold Reports Q1 Loss, Citing Costs Related to Acquisitions

Americold reported a net loss of $14.2 million, or negative 6 cents a share, for the period ending March 31. The company said much of the loss can be attributed to increased acquisition and integration costs.

May 7, 2021
GovernmentBusinessTechnologyFuelAutonomous

Lion to Locate Largest EV Plant in Illinois

The Lion Electric Co., a manufacturer of all-electric medium- and heavy-duty urban vehicles, announced it selected Joliet, Ill., for the construction of its U.S. manufacturing facility, with building to ramp up in the second half of this year.

May 7, 2021
GovernmentBusinessSafety

New Jersey DOT Distributes Over $47 Million for Local Bridges

The New Jersey Department of Transportation announced $47.3 million in grant funding has been awarded to local government agencies to assist with bridge maintenance projects.

May 7, 2021
GovernmentBusinessTechnologySafetyFuelAutonomous

Tesla Engineer Says Musk Overstated Tesla Autopilot Capability

One of Tesla Inc.鈥檚 engineers told California authorities that CEO Elon Musk overstated the capability of Autopilot, the company鈥檚 driver-assistance system, early this year.

May 7, 2021
GovernmentBusinessTechnologyFuelAutonomous

Nikola Misses Estimates, Details Additional SEC Inquiry

Nikola Corp. posted a narrower-than-expected loss for its latest quarter as the troubled electric-vehicle startup ramped up testing of its debut battery-electric Class 8 trucks and said securities regulators investigating the company issued an additional subpoena in March.

May 7, 2021
GovernmentBusiness

Job Growth Softens, Misses Estimates

U.S. job growth unexpectedly softened in April from the prior month, suggesting that difficulty attracting workers is slowing momentum in the labor market.

May 7, 2021
BusinessTechnologyAutonomous

Electric Truck Startup Einride Raises $110 Million

Swedish electric-truck startup Einride AB has raised $110 million from investors, including the venture capital arm of the world鈥檚 largest shipping company, A.P. Moller-Maersk A/S, to expand its logistics business in Europe and in the U.S.

May 7, 2021