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.

BusinessTop 100

Werner Enterprises Opens New Pennsylvania Terminal

Werner Enterprises opened a new terminal located in Lehigh Valley, Pa., the company announced July 12.

July 16, 2021
BusinessLogisticsTop 100TCA

FedEx to Invest $100 Million in Logistics Company in India

FedEx Express Corp. on July 16 said it has entered into equity and commercial agreements with Delhivery, a logistics and supply chain services company in India, which will utilize their combined strengths to unlock India’s international trade potential.

July 16, 2021
GovernmentBusiness

Gain in Retail Sales Underscores Solid, Steady Consumer Activity

U.S. retail sales rose unexpectedly in June, reflecting fairly broad gains across spending categories and wrapping up a solid quarter for household demand.

July 16, 2021
GovernmentBusiness

Factory Output Dips 0.1% in June on Auto Chip Shortage

WASHINGTON — U.S. factory output slid last month as a shortage of computer chips disrupted auto production.

July 16, 2021
BusinessLogistics

Marten Transport Reports Record Q2 Financial Results

Marten Transport on July 15 reported the highest operating revenue and income in its history for the second quarter.

July 15, 2021
GovernmentBusinessSafety

Freight Policy Bill on US Senate’s Infrastructure Agenda

WASHINGTON — Policy updates and funding related to federal freight programs are being considered as part of a multitrillion dollar infrastructure bill U.S. Senate leaders plan to weigh next week.

July 15, 2021
GovernmentBusinessSafety

Werner’s 2018 Appeal of $89.7M Jury Verdict Still Awaiting Decision

An appeal of one of the largest accident verdicts in history against a motor carrier has been languishing for nearly three years in a Texas appellate court while justices who heard the arguments retired before a decision.

July 15, 2021
Business

Economy, Trucking Industry Roar Back

Economic indicators and forecasts from economists show trucking and the U.S. economy are in the midst of a strong recovery, though concerns remain about the persistent shortage of drivers and supply chain delays.

July 15, 2021
BusinessTechnology

Uber Freight Announces LTL Expansion

Uber Freight has expanded beyond truckload services and is now also offering shippers options for less-than-truckload, the company announced July 15.

July 15, 2021
BusinessTechnologyAutonomous

Self-Driving Startup Aurora Set to Go Public

Driverless technology startup Aurora Innovation Inc. has agreed to go public via a merger with Reinvent Technology Partners Y, a blank-check firm led by executives including LinkedIn co-founder Reid Hoffman and Zynga Inc. founder Mark Pincus.

July 15, 2021