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

Senate Democrats’ $3.5 Trillion Budget Deal Backs Up Biden’s Goals

WASHINGTON — Senate Democrats say they have reached a budget agreement that envisions spending an enormous $3.5 trillion over the coming decade, paving the way for their drive to pour federal resources into climate change, health care and family service programs sought by President Joe Biden.

July 14, 2021
BusinessTechnologyEquipmentFuel

UK Vows to End Sales of New Petrol, Diesel Heavy Vehicles by 2040

The U.K. will end the sale of all new diesel and petrol heavy goods vehicles by 2040 and ultimately decarbonize all modes of domestic transport by 2050, under government plans.

July 14, 2021
BusinessEquipment

June Trailer Orders Reach 11,000

U.S. trailer orders in June came in at 10,952 units, down from 13,441 a year earlier, ACT Research reported, marking the first year-over-year decline in net orders since May 2020.

July 13, 2021
GovernmentBusinessFuel

Oil Tops $75 a Barrel, Hitting 33-Month High

Oil rose to the highest price in more than 2 1/2 years as prospects of an imminent flood of crude exports from Iran and other major producers waned while the International Energy Agency warned of a deepening supply crunch.

July 13, 2021
GovernmentBusiness

Federal Infrastructure Agreement Could Boost Construction, Experts Say

State lawmakers have been active in pursuing bills to support infrastructure work, but the construction market could see a further boost if federal leaders can agree on a legislative package, according to transportation experts.

July 13, 2021
GovernmentBusinessSafety

Federal Grants Program to Include Focus on Environmental Justice, Racial Equality

A popular Federal Highway Administration grant program for the first time asks those seeking contracts to include a focus on “racial equity, environmental justice and access to opportunity.â€

July 13, 2021
BusinessLogistics

XPO Spinoff GXO to Go Public Aug. 2

GXO Logistics will sell shares to the public for the first time Aug. 2 on the New York Stock Exchange, executives said during an investor day presentation July 13.

July 13, 2021
GovernmentBusinessLogisticsTCA

Pennsylvania Ponders Package Fee to Pay for Roads, Bridges

What if the solution to Pennsylvania’s transportation funding quagmire was all the brown boxes and padded envelopes left at people’s front doors?

July 13, 2021
BusinessEquipmentBreaking News

Class 8 Sales in June Second-Highest This Year

U.S. retail sales of Class 8 vehicles in June punched above 19,000, WardsAuto .com reported, and reached the second-highest volume this year.

July 13, 2021
BusinessSafetyFuelLogistics

‘Fragile’ Jet Fuel Supply Chain Could Ground Firefighting Aircraft

BOISE, Idaho — Airport officials facing jet fuel shortages are concerned they’ll have to wave off planes and helicopters that drop fire retardants during what could be a ferocious wildfire season, potentially endangering surrounding communities.

July 13, 2021