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

California Trucking Association to Appeal AB 5 Decision

The California Trucking Association will appeal a court decision on the state’s independent contractor law that many in trucking deem unfavorable to the industry, CTA CEO Shawn Yadon said on May 3.

May 4, 2021
BusinessLogisticsTop 100TCA

UPS Driver Delivers Help to Those in Need in Louisiana

UPS driver James Joseph’s philosophy sounds a lot like a slogan his company once had: What can “Big Brown” do for you? When he’s not delivering packages, Joseph has helped deliver air conditioners and fans to people during sweltering weather, water and supplies to hurricane-stricken areas and, most recently, masks and hand sanitizer to schools across Louisiana.

May 4, 2021
BusinessFuel

TravelCenters Reduces Net Loss in Q1; Revenue Rises

TravelCenters of America Inc. reduced its net loss and increased revenue in the first quarter compared with a year earlier.

May 4, 2021
BusinessTCA

Shortage of Truck Drivers Concerns California Ag Producers

A worsening shortage of truck drivers is raising concerns among California farmers that, unless a solution emerges soon, there might not be enough hauling capacity to bring this year’s harvest to market.

May 4, 2021
BusinessTechnologyEquipment

Eaton Reports Q1 Stronger Than Expected

Power management company Eaton Corp. reported higher net income and flat revenue in the first quarter as businesses continue to recover from the pandemic.

May 4, 2021
BusinessTop 100

ArcBest Reports Record Revenue for Q1 2021

ArcBest saw earnings increase and record revenue during the first quarter, the company reported May 4.

May 4, 2021
BusinessEquipment

Meritor Reports Higher Revenue, Lower Income in FY Q2

Meritor Inc. reported higher fiscal second-quarter revenue and lower net income reflecting, respectively, strong truck production and a previous distribution agreement termination.

May 4, 2021
BusinessTechnologyAutonomous

Tesla Told to Provide Documents Involving Musk Compensation

DOVER, Del. — A Delaware judge on May 3 ordered lawyers representing Tesla Inc. directors to turn over certain communications that CEO Elon Musk may have shared with the company’s top in-house attorneys before the board approved a compensation plan in 2018 that could net Musk more than $50 billion.

May 4, 2021
BusinessTechnologyEquipment

Cummins Posts Higher Revenue, Income in Q1

Cummins Inc. reported first-quarter net income and revenue soared with recoveries in the North American truck and global construction markets.

May 4, 2021
BusinessTechnologyEquipmentFuel

Matthias Jurytko to Head Daimler Truck AG-Volvo Fuel Cell Venture

Daimler Truck AG and Volvo appointed Matthias Jurytko as CEO of cellcentric, their new fuel cell development 50-50 joint venture. He is scheduled to assume the post June 1.

May 4, 2021