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

Infrastructure Plan Could Include $3 Trillion in Tax Increases

President Joe Biden is aiming for summer passage of an infrastructure plan that is expected to cost more than $3 trillion, and the White House hopes to take a more deliberate and collaborative approach with the contentious Congress than it did on the COVID-19 rescue package, officials said.

March 30, 2021
GovernmentBusinessEquipmentSafety

Truckers Speak Out at CARB Workshop on Tough Smog Test Proposal

California environmental regulators gave motor carriers a look at a tweaked heavy-duty vehicle smog inspection and maintenance program proposal that will require motor carriers to “smog test” their fleets quarterly, rather than current requirements for an annual inspection.

March 30, 2021
GovernmentBusiness

US Consumer Confidence Surges to One-Year High on Job Optimism

U.S. consumer confidence rose in March to a one-year high as Americans grew more upbeat about the economy and labor market, a sign that household spending may pick up more broadly in the coming months.

March 30, 2021
GovernmentBusinessLogistics

Port of Baltimore Dredging, Expansion Seen as Boon to Economy

Port of Baltimore officials say with the vast jump in imported cargo and tens of millions of dollars in infrastructure improvements, the sprawling facility on the Chesapeake Bay will see rapid growth the next several years.

March 30, 2021
GovernmentBusinessFuel

Daimler’s Legal Risks Around Emissions Linger Ahead of Revamp

Daimler AG shares have soared since the pandemic forced the Mercedes-Benz maker to postpone its annual shareholders’ meeting around this time a year ago. Its chairman’s swan song still will hit some low notes.

March 30, 2021
BusinessTechnologyLogisticsAutonomous

Volvo, Aurora Pair for Autonomous Trucking Service

Volvo Group will partner with Aurora Innovation Inc. to develop and commercialize autonomous Class 8 trucks in North America.

March 30, 2021
GovernmentBusinessLogistics

Conversation Begins About Who Will Pay for Suez Canal Crisis

The Suez Canal may be open again, but the battle over damages from the waterway’s longest closure in almost half a century is just beginning.

March 30, 2021
GovernmentBusinessFuelLogistics

Oil Rises for Second Day With Focus Moving Toward OPEC+ Meeting

Oil climbed to the highest in almost two weeks as traders looked ahead to this week’s OPEC+ meeting with speculation that renewed demand concerns will spur the group to keep production in check.

March 29, 2021
BusinessEquipment

Yokohama Tire Promotes Jeff Barna to CEO Among Several Personnel Changes

Yokohama Tire Corp. announced it promoted Jeff Barna to CEO in addition to his role as president, effective March 30. It was one of several organizational moves announced by the company.

March 29, 2021
GovernmentBusinessTechnologyFuel

Biden Envisions Thousands of Wind Turbines Spinning at Sea to Bolster Grid

The Biden administration is outlining ambitions to dramatically boost offshore wind power in the U.S. by 2030, pushing to drive construction of projects at sea capable of generating enough electricity for more than 10 million American homes.

March 29, 2021