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.

GovernmentBusinessFuel

Key US Oil Storage Hub Seen Depleting as Producers Hold Tight

Crude oil inventories in America鈥檚 largest storage hub are falling fast as the post-pandemic demand rebound continues to outpace production.

June 24, 2021
GovernmentBusinessTechnologyFuelLogistics

Biden, Key Lawmakers Agree on Bipartisan Infrastructure Deal

President Joe Biden announced on June 24 that 鈥渨e have a deal,鈥 signaling a bipartisan agreement on a $953 billion infrastructure plan that would achieve his top legislative priority and validate his efforts to reach across the political aisle.

June 24, 2021
GovernmentBusinessSafety

US House Highway Bill Includes $1 Billion in Truck Parking Grants

WASHINGTON 鈥 Funding to expand parking facilities for truck drivers around the country is included in comprehensive highway policy legislation expected before the U.S. House of Representatives during the week of June 28.

June 24, 2021
GovernmentBusinessLogistics

US Goods-Trade Gap Widens More Than Forecast as Imports Rise

The U.S. merchandise-trade deficit widened more than forecast in May as the value of imports rose to near-record levels and exports declined.

June 24, 2021
GovernmentBusinessSafety

Minneapolis Council Committee Passes Citywide Truck Parking Restrictions

The Transportation and Public Works Committee of the Minneapolis City Council on June 23 approved an ordinance amendment that would limit truck parking in the city.

June 24, 2021
GovernmentBusinessEquipment

US Durable Goods Orders Rise 2.3% in May

Orders to U.S. factories for big-ticket manufactured goods rose for the 12th time in the last 13 months in May, pulled up by surging demand for civilian aircraft.

June 24, 2021
GovernmentBusinessTechnologyFuelLogistics

Infrastructure Deal Closer With Biden, Senators Meeting June 24

President Joe Biden and a group of bipartisan senators are close to agreement on a $559 billion infrastructure plan that would fulfill one of his top priorities, according to lawmakers and officials familiar with the discussions.

June 24, 2021
GovernmentBusiness

US Jobless Claims Tick Down to 411,000 as Economy Heals

The number of Americans applying for unemployment benefits dropped in the week ended June 19, a sign that layoffs declined and the job market is improving.

June 24, 2021
GovernmentBusiness

Senators Bringing Bipartisan Infrastructure Deal to Biden Today

WASHINGTON 鈥 A bipartisan group of senators reached a tentative framework on a $953 billion infrastructure deal June 23 ahead of a crucial meeting with President Joe Biden at the White House.

June 23, 2021
BusinessEquipment

Some Used Vehicles Now Cost More Than Original Sticker Price

When it was new, the window sticker price on a typical 2019 Toyota Tacoma SR double cab pickup was just under $29,000. Two years later, dealers are paying almost $1,000 more than that to buy the same vehicle, even though it鈥檚 used.

June 23, 2021