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.

GovernmentBusiness

DHS Extends Real ID Enforcement to May of 2023

The Department of °®¶¹´«Ã½land Security is extending the Real ID full enforcement date by 19 months, from October 1, 2021 to May 3, 2023, due to circumstances resulting from the ongoing COVID-19 pandemic.

April 28, 2021
BusinessEquipment

Yellow’s Order for 1,222 579s With Paccar Powertrain Is Peterbilt’s Largest

Peterbilt Motors Co. announced Yellow Corp. placed an order for 1,222 Peterbilt Model 579s, the single-largest order of Peterbilt trucks equipped exclusively with a Paccar powertrain.

April 28, 2021
BusinessLogisticsTop 50

C.H. Robinson Posts Big Q1 Gains in Profit, Revenue

C.H. Robinson Worldwide posted large gains in profits and revenue during the first quarter, driven by higher pricing and increasing cargo volume across most of its service lines.

April 28, 2021
GovernmentBusinessTechnology

Tesla Accused by EPA of Auto-Coating Emissions Reporting Failure

The U.S. Environmental Protection Agency accused Tesla Inc. this month of failing to prove it is complying with hazardous air-pollutant rules related to the surface coatings of its electric cars.

April 28, 2021
GovernmentBusinessTechnology

Biden Releases Money in Push to Modernize US Electric Grid

The federal government said April 27 it was making more than $8 billion available to build and improve the nation’s transmission lines as part of its efforts to improve America’s aging electric grid and meet President Joe Biden’s ambitious clean-energy goals.

April 28, 2021
GovernmentBusinessTechnologyEquipmentFuelTCA

N.Y. Bill Orders All-Electric Truck Sales by 2045

ALBANY, N.Y. — The state Senate on April 26 passed a bill that would essentially mandate that all new passenger cars sold in the state run on electric power by 2035 and trucks and other heavy duty vehicles run on electricity by 2045.

April 27, 2021
GovernmentBusiness

CN Reports Mixed Q1 as It Enters Merger Battle Over KCS

Canadian National on April 26 reported a slight decline in income and revenue for the first quarter, but company executives during a conference call with investors spent as much time discussing the railroad’s move to seize ownership of Kansas City Southern as they did discussing their own railway’s financial results.

April 27, 2021
BusinessLogistics

DSV to Buy Agility’s Logistics Unit for $4.1 Billion

DSV Panalpina A/S agreed to buy Agility Public Warehousing Co.’s Global Integrated Logistics business for $4.1 billion, extending its reach in the air and sea transport industry.

April 27, 2021
BusinessTechnologyEquipment

Paccar Reports Surge in Q1 Net Income

Truck maker Paccar Inc. reported a surge in net income and improved revenue in the first quarter as its parts business achieved record revenue and pretax profits amid strong demand and booming e-commerce sales.

April 27, 2021
GovernmentBusiness

Merger Battle for Kansas City Southern Heats Up

An epic battle is in the early stages with Class I railroad powerhouses Canadian National and Canadian Pacific competing with multibillion-dollar bids to purchase the smaller Kansas City Southern railroad.

April 27, 2021