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.

GovernmentBusinessEquipmentLogistics

Labor, Driver Shortages Delay Commercial, Military Moves

The moving industry is facing mammoth labor and truck driver shortages during the peak military moving season and an explosion of moving demands in the commercial market, possibly delaying unscheduled summer moves until August or September, according to American Trucking Associations' Moving and Storage Conference.

June 16, 2021
GovernmentBusinessLogistics

NRF Seeks Meeting With Biden Over Port Congestion Issues

Congestion and delays in the supply chain continue to be a major headache for the nation’s retailers and now the National Retail Federation has asked President Joe Biden for a face-to-face meeting to discuss what can be done to improve the long delays.

June 16, 2021
BusinessTechnologyAutonomous

Alphabet’s Waymo Raises $2.5 Billion After Key Departures

Waymo, Alphabet Inc.’s self-driving car unit, said it raised $2.5 billion in a recent funding round to help advance its technology and replace a management team rocked by departures.

June 16, 2021
GovernmentBusinessFuelTCA

Sen. Manchin Cites ā€˜Grave Concerns’ About US ā€˜Going to the EV’

WASHINGTON — U.S. Sen. Joe Manchin, a conservative Democrat whose vote is key to any infrastructure deal in the narrowly divided Senate, expressed ā€œgrave concernsā€ June 15 about the Biden administration’s drive to boost adoption of electric vehicles.

June 16, 2021
GovernmentBusinessSafetyFuel

Democrats Prepare Go-It-Alone Approach on Infrastructure

WASHINGTON — Patience running thin, Democratic leaders are laying the groundwork for a go-it-alone approach on President Joe Biden’s big jobs and families infrastructure plans even as the White House continues negotiating with Republicans on a much more scaled-back $1 trillion proposal.

June 16, 2021
GovernmentBusinessLogistics

Carriers, Independent Contractors Oppose California AB 5 Contractor Law

Trade organizations representing motor carriers and independent owner-operators alike say they strongly oppose a new California law that aims to reclassify large numbers of independent contractors as company employees, according to new documents filed in a recent appellate court challenge to the law.

June 16, 2021
BusinessTechnologyEquipmentFuelAutonomous

GM to Spend More on Electric Vehicles, Add Battery Plants

DETROIT — General Motors will raise its spending on electric and autonomous vehicles and add two U.S. battery factories as it gambles that consumers will eagerly switch from gasoline to the new technology.

June 16, 2021
BusinessTechnology

Chinese Trucking Startup Seeks $1.6 Billion in US IPO

Full Truck Alliance Co., an Uber-like trucking startup, is looking to raise as much as $1.57 billion in an initial public offering, which would make it one of the biggest U.S. listings by a Chinese company this year.

June 16, 2021
BusinessEquipment

May Medium-Duty Sales Climb 36% From 2020 Period

U.S. retail sales in May for Classes 4-7 improved 36% compared with a year earlier, as all but the heaviest class showed strong gains, WardsAuto .com reported.

June 16, 2021
BusinessTechnologyFuel

Lordstown Motors Jumps on Forecast for 11 Months of Cash on Hand

Lordstown Motors Corp. jumped after saying it has enough money to make its battery-powered trucks through May of next year, paring a record decline the previous day following the departure of two top executives.

June 15, 2021