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.

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Landstar Reports Record Earnings for Q2

Landstar System reported an all-time record for quarterly net income in its second-quarter financial results.

July 21, 2021
BusinessSafetyLogistics

Lumber Surges Anew as Canada Wildfires Snarl Shipments

Lumber futures rose the most in more than a year on concern that wildfires in western Canada will reduce supply and spur more curtailments at sawmills.

July 21, 2021
GovernmentBusiness

Infrastructure Bill Fails First Test Vote

WASHINGTON — Senate Republicans rejected an effort July 21 to begin debate on a big infrastructure deal that a bipartisan group of senators brokered with President Joe Biden. But supporters in both parties remained hopeful of another chance in coming days.

July 21, 2021
BusinessEquipment

Knight-Swift Reports Surge in Q2 Earnings

Knight-Swift Transportation Holdings saw growth throughout the company, including a 90.6% increase in net income during the second quarter, the company reported July 21.

July 21, 2021
GovernmentBusinessLogistics

Senate Commerce Leaders Push Supply Chain Efficiency

To promote efficiency across the country’s supply chain, Commerce Committee Chairwoman Maria Cantwell recently pressed colleagues to advance legislation meant to enhance the flow of freight.

July 21, 2021
BusinessTechnologyEquipment

Volvo Group Earnings Rise on Global Vehicle Sales

Volvo Group reported strong second-quarter earnings and revenue as sales in its global vehicle-related segment rose 41% compared with a year earlier.

July 21, 2021
GovernmentBusiness

Proposed Merger Dominates CN Financial Report

Canadian National Railway reported an increase in second-quarter net income and revenue, and for the second period in a row company leaders spent significant time detailing for analysts the value of the company’s $33.7 billion merger with Kansas City Southern.

July 21, 2021
Business

Daimler Posts $4.3 Billion Q2 Profit Despite Chip Shortage

FRANKFURT, Germany — German automaker Daimler reaped strong profits in the second quarter as demand for its Mercedes luxury cars continued to rebound from the depths of the pandemic, generating cash that the company can invest in its shift to electric vehicles.

July 21, 2021
GovernmentBusinessEquipmentSafety

CVSA Sidelines 1,273 Vehicles for Brake Violations

Commercial Vehicle Safety Alliance inspectors removed more than 1,200 commercial motor vehicles with critical brake violations from roadways during an unannounced single-day brake safety enforcement operation.

July 21, 2021
BusinessEquipmentLogistics

Pacific, Atlantic Ports Report Strong June Volumes

More than six months into the economic recovery, the nation’s ports on the Pacific and Atlantic coasts continue to see record or near-record cargo loads, and port officials and economists forecast the substantial numbers likely will continue well into 2022.

July 21, 2021