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.

GovernmentBusiness

Jobless Claims Fall More Than Forecast to Pandemic Low

Applications for U.S. state unemployment insurance fell last week to a fresh pandemic low as labor market conditions continued to improve and the economy reopened more broadly.

May 6, 2021
GovernmentBusiness

Labor Department Drops Independent Contractor Rule

The U.S. Department of Labor has announced the withdrawal of a federal regulation for classification of independent contractors that the agency earlier said would “promote certainty” for the trucking industry’s use of contractors, but which it now maintains would introduce “substantial confusion and uncertainty on the topic.”

May 6, 2021
BusinessTop 100

February Weather Takes Toll on Yellow’s Q1 Earnings

Yellow Corp. reported a revenue gain for the first quarter of 2021, but said weather-related issues during the period took a toll on its bottom line.

May 5, 2021
BusinessTechnologyFuelLogisticsTop 100

XPO Begins Testing Electric Trucks

XPO Logistics is testing a Freightliner eCascadia in Oakland, Calif., the first step in what it expects is a lengthy transition from diesel-powered heavy-duty trucks.

May 5, 2021
BusinessTechnologyEquipmentSafety

VTNA Makes Lytx Video Telematics an Option

Volvo Trucks North America announced onboard technology from Lytx is available on all model-year 2022 or newer Volvo trucks as a factory-installed option.

May 5, 2021
BusinessTechnology

Uber Bookings Climb 24% on Strong Growth in Delivery

Uber Technologies Inc. reported a 24% increase in gross bookings in the first quarter, driven by continued growth in the delivery business.

May 5, 2021
GovernmentBusinessEquipmentFuelLogisticsTCA

Bill Would Create National EV Charging Network in Five Years

WASHINGTON — Rep. Andy Levin (D-Mich.) is reintroducing the EV Freedom Act, which seeks to build a nationwide electric vehicle charging network within five years.

May 5, 2021
GovernmentBusinessTechnologySafety

Delays Continue for Potential New FMCSA System to Score Carrier Safety

Nearly four years after it was first introduced, FMCSA has yet to make an official call on whether to incorporate the highly complex data method known as Item Response Theory — or IRT — into its Compliance, Safety, Accountability motor carrier safety rating program.

May 5, 2021
GovernmentBusiness

Indiana Awards $100 Million in Matching Funds for Local Infrastructure Projects

Indiana Gov. Eric Holcomb and Indiana Department of Transportation Commissioner Joe McGuinness recently announced $100.2 million in state matching funds have been distributed to local government agencies to support road and bridge projects.

May 5, 2021
GovernmentBusiness

Small Business COVID-19 PPP Runs Out of Money

The Small Business Administration said May 5 that the Paycheck Protection Program has been exhausted, after giving out nearly 10.8 million loans worth more than $780 billion since April 2020.

May 5, 2021