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.

Business

Daimler Profit Tops Estimates as China Leads Sales Recovery

Daimler AG reported significantly better first-quarter earnings than analysts expected, driven by strong demand for Mercedes-Benz cars, particularly in China.

April 16, 2021
BusinessTechnologyAutonomous

Walmart Invests in Cruise, the GM-Backed Autonomous-Car Startup

Walmart is taking an undisclosed stake in Cruise, the autonomous-vehicle technology company that’s majority-owned by General Motors Co.

April 16, 2021
GovernmentBusiness

Buttigieg Promotes Budget for DOT, Touts Infrastructure Plan

The Biden administration’s proposal to increase funding for operations at the U.S. Department of Transportation would enhance the flow of commerce and respond to concerns linked to climate change, Secretary of Transportation Pete Buttigieg told House lawmakers April 15.

April 15, 2021
GovernmentBusiness

Supply Chain Industry Calls on Congress to Pass DRIVE-Safe Act

A group of supply chain industry representatives, including trucking leaders, sent a letter to members of Congress on April 14 urging them to pass legislation that would allow truckers under age 21 to drive across state lines.

April 15, 2021
GovernmentBusinessTechnologyAutonomous

TuSimple Raises $1.35 Billion Through IPO

Autonomous truck developer TuSimple raised $1.35 billion through its initial public offering, a move that will help fund the company’s push to commercialize self-driving trucks and expand its autonomous freight network across the United States.

April 15, 2021
GovernmentBusiness

In Pandemic-Era First, Driving on US Highways Tops 2019 Levels

Here’s the latest sign of the great U.S. gasoline comeback: For the first time since the pandemic started, driving on the nation’s highways is higher than at the same time in 2019.

April 15, 2021
GovernmentBusinessTechnologySafety

Looking to Hire a ‘Fresh-Faced Veteran’ Maintenance Tech? Good Luck

Recruiting military veterans for maintenance positions in trucking fleets’ repair shops is an industry goal, but the prospect of finding and transitioning young vets to become civilian service technicians can be challenging.

April 15, 2021
BusinessTechnologyEquipmentSafety

TMC Highlights Big Changes to VMRS Coding System

A vehicle maintenance coding system used by repair shops across the trucking industry is receiving an update that has been years in the making, and is also evolving to include the burgeoning electric vehicle segment.

April 15, 2021
GovernmentBusinessLogistics

Republicans Seek Broader Curbs on Exports of Chip Tools to China

Two Republican lawmakers called for broader American restrictions on the sale of chip-making tools after the U.S. government placed several Chinese supercomputing firms on an export blacklist, saying even tougher rules are needed to prevent the People’s Liberation Army from using sensitive technologies.

April 15, 2021
GovernmentBusinessLogistics

Fed Sees Supply Chain Issues Growing Despite Better US Outlook

The Federal Reserve is seeing both labor and material shortages mounting across several sectors of the U.S. economy, which may have consumers paying even more for everything from fuel to new homes.

April 15, 2021