Trucking Business News

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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

Consumer Sentiment Rises, Inflation Outlook Moderates

U.S. consumer sentiment rose in early June by more than expected on improved outlooks for the economy and moderating inflation expectations.

June 11, 2021
GovernmentBusinessSafety

Senators Eye $579 Billion in New Infrastructure Spending, $1 Trillion Plan

WASHINGTON — A bipartisan group of senators is eyeing an infrastructure deal with $579 billion in new spending as negotiators try to strike a nearly $1 trillion deal on President Joe Biden’s top priority, according to those briefed on the plan.

June 11, 2021
BusinessFuel

Global Oil Demand to Hit Pre-Virus Level Next Year, IEA Says

Global oil demand will recover to pre-pandemic levels late next year, the International Energy Agency predicted, urging OPEC and its allies to keep markets balanced by tapping their plentiful spare production capacity.

June 11, 2021
BusinessTop 100

Forward Air Institutes Destination-Based Compensation Increase

Forward Air Corp. is pursuing a new destination-based compensation increase for its fleet partners within its LTL and truckload divisions, the company announced June 8.

June 11, 2021
BusinessEquipmentBreaking NewsTop 100

Class 8 Sales in May Jump 98.4% Year-Over-Year

U.S. Class 8 retail sales in May cleared 18,000 and trounced year-earlier levels that had plunged amid the pandemic, WardsAuto .com reported.

June 10, 2021
BusinessTechnologySafety

Truck Cargo Thefts Skyrocketed Amid COVID-19

The trucking industry has seen a surge in cargo thefts since the start of the coronavirus pandemic, according to experts.

June 10, 2021
GovernmentBusinessTechnologyLogistics

JBS Paid Hackers $11 Million After Hack Closed Plants

JBS USA said it paid $11 million in ransom to criminals responsible for the cyberattack that disrupted meat processing across North America and Australia, the latest high profile example of large corporations falling prey to extortion.

June 10, 2021
GovernmentBusinessSafety

FMCSA Responds to Medical Board on Sleep Apnea Guidance

The Federal Motor Carrier Safety Administration is expanding access to information about obstructive sleep apnea for medical professionals who conduct medical examinations for truck drivers.

June 10, 2021
GovernmentBusinessFuel

Gas-Tax Indexing to Fund Infrastructure Gains Senate Momentum

Republican and Democratic senators said June 10 they were open to considering the first change in the national gasoline tax since 1993 to help fund a bipartisan infrastructure spending package they plan to propose to President Joe Biden.

June 10, 2021
GovernmentBusinessSafety

US House Transportation Panel Approves $547 Billion Highway Bill

The transportation committee in the U.S. House of Representatives advanced a five-year, $547 billion surface transportation reauthorization bill that seeks to modernize much of the country’s highway systems.

June 10, 2021