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.

BusinessFuelTop 100

Groendyke Announces Phase 2 of Driver Pay Increase Plan

Groendyke Transport has increased pay rates for more of its drivers as part of the second phase of a larger driver pay initiative, the company announced July 1.

July 2, 2021
GovernmentBusinessSafety

Couple Get 4 Years in Prison for 2015 Staged Truck Accident

A married couple from New Orleans have been sentenced to 48 months in federal prison for their role in a 2015 staged accident with a tractor-trailer.

July 2, 2021
BusinessTechnology

Trailers on the Road to Becoming Smart Partners in Freight Hauls

A new report from the Technology & Maintenance Council of American Trucking Associations said technology can help improve trailer utilization and help trailers become “full partners†with tractors in moving freight more efficiently.

July 2, 2021
BusinessTechnologyFuel

Lordstown Motors Drops on Report of Justice Probe

Lordstown Motors Corp. slid after the Wall Street Journal reported that the troubled electric-vehicle startup is being probed by the U.S. Justice Department.

July 2, 2021
BusinessTechnologyFuel

Tesla Delivers Record 201,250 Cars in Second Quarter

Tesla Inc. delivered 201,250 cars worldwide in the second quarter, a record for the electric-car maker led by CEO Elon Musk.

July 2, 2021
GovernmentBusinessLogistics

Trade Deficit Increased to Second Biggest on Record in May

The U.S. trade gap widened in May to the second-largest on record as imports increased faster than exports.

July 2, 2021
GovernmentBusiness

Job Growth Surges Most in 10 Months, Jumping Past Forecast

U.S. job growth accelerated in June, with payrolls gaining the most in 10 months, suggesting firms are having greater success recruiting workers to keep pace with the broadening of economic activity.

July 2, 2021
BusinessSafety

Fourth of July Poses Increased Risk for Cargo Thefts

The Fourth of July holiday weekend could see an increase in cargo thefts based on trends of past years, according to theft prevention and recovery service CargoNet.

July 1, 2021
Business

3 Steps to Success: Understand, Identify, & Address Your Fleet’s Driver Turnover

With turnover at truckload fleets ranging from 69% to 90% and the cost to replace a single driver sitting anywhere from $8,234- $20,729, addressing driver turnover should be top of mind for most fleets. 

July 1, 2021
BusinessTechnologyTop 100

Navistar Merges With Traton Group in $3.7 Billion Deal

Navistar International Corp. announced it merged with Munich-based Traton Group in a transaction valued at $3.7 billion, finalizing a strategic alliance launched in 2017.

July 1, 2021