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.

BusinessTechnologyEquipment

Meritor Marks ADB Manufacturing Milestone

Meritor Inc. announced a milestone for its York, S.C., manufacturing facility that recently produced its 1 millionth air disc brake, contributing to Meritor’s production of more than 10 million air disc brakes worldwide since 1981.

April 30, 2021
GovernmentBusiness

Biden Shows Openness to Infrastructure Negotiations With Republicans

President Joe Biden signaled a willingness to negotiate with Republicans on infrastructure policy ahead of a possible meeting with the ranking member on the Senate’s transportation committee.

April 30, 2021
BusinessLogisticsTop 100

Universal Logistics Reports Record Q1 Earnings

Universal Logistics Holdings Inc. reported April 29 record highs for the first quarter of 2021.

April 30, 2021
GovernmentBusinessFuelTCA

Pennsylvania Panel Explores Alternatives to Bridge Tolls, Gas Taxes

It’s not clear yet if Pennsylvania drivers will pay $1 or $2 to cross major bridges, but Pennsylvania needs billions of dollars from somewhere for transportation, state Rep. Mike Carroll said.

April 30, 2021
BusinessTop 100

USA Truck Reports Best First-Quarter Earnings in Company History

The Van Buren, Ark.-based motor carrier posted net income of $3.6 million, or 40 cents a diluted share, for the three months ending March 31. That compared with a net loss of $2.6 million, minus 30 cents, during the same time the previous year.

April 30, 2021
GovernmentBusinessTechnology

Illinois Gov. Pritzker Directs $15 Million to Manufacturing Training Academies

In an effort to develop the manufacturing workforce, Illinois Gov. Jay “J.B.” Pritzker announced a $15 million investment to build two advanced manufacturing training academies.

April 30, 2021
GovernmentBusinessTechnologyLogisticsAutonomous

Drone Startup Manna Raises Cash for US Expansion

Manna has raised $25 million to expand its drone fleet’s operations, including the addition of delivery services for prescription medical supplies and an initial expansion into the U.S.

April 30, 2021
BusinessTechnologyFuelAutonomous

EV-Charging Industry Is Doing Everything Except Showing a Profit

President Joe Biden’s plan to wean U.S. drivers off fossil fuels requires massive investment in public charging stations to power the electric-car revolution. So far, none of the companies that deploy the equipment has figured out how to make a profit.

April 30, 2021
BusinessTechnology

TRB’s Registration Database Hacked in Ransomware Attack

The Transportation Research Board’s annual meeting registration services database was compromised in March by cybercriminals in a ransomware attack, the organization announced April 28.

April 30, 2021
BusinessEquipment

VTNA, UAW Reach Tentative Agreement; Virginia Strike Ends

Volvo Trucks North America announced the company and the United Auto Workers union reached a tentative agreement April 30 on the terms of a new five-year contract that would cover approximately 2,900 employees at the New River Valley truck assembly operations in Dublin, Va.

April 30, 2021