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.

GovernmentBusinessTechnologyFuel

Lordstown Motors Reveals Cash Crisis

Lordstown Motors Inc., an electric-vehicle startup that recently went public, said it may not have the cash to get its debut pickup truck to market — and might not last as a company in the next 12 months if it can’t raise more capital.

June 8, 2021
BusinessTechnologyLogisticsTCA

Walmart, Target Unveil Own Versions of Amazon Prime Day

Not to be outdone, Walmart and Target have announced they will hold big sales that will compete with Amazon Prime Day.

June 8, 2021
BusinessEquipment

Navistar Posts Surge in Fiscal Q2 Net Income

Navistar International Corp., the parent company of International brand trucks, reported a surge in net income and increased revenue for its fiscal second quarter as truck orders rose and it increased production.

June 8, 2021
BusinessLogisticsTop 100

Manager’s Road Back to Baseball Took a Trucking Turn

Phillip Wellman is a baseball lifer, but a stint as a trucking fleet manager left an indelible impression.

June 8, 2021
GovernmentBusinessFuel

Colonial Pipeline CEO Defends Cyberattack Response

The chief executive officer of the pipeline company hit by a ransomware attack last month apologized to a U.S. Senate panel for the incident that paralyzed the East Coast’s flow of gasoline, diesel and jet fuel, while defending his company’s response and offering tips for future hacking victims.

June 8, 2021
GovernmentBusiness

Job Openings Surge to Record 9.3 Million in April

WASHINGTON — U.S. employers posted a record 9.3 million job openings in April with the U.S. economy reopening at breakneck speed.

June 8, 2021
GovernmentBusinessTechnologyFuel

Automakers Face a Threat to EV Sales: Slow Charging Times

DETROIT — If the auto industry is to succeed in its bet that electric vehicles will soon dominate the roads, it will need to overcome a big reason why many people are still avoiding them: fear of running out of juice between Point A and Point B.

June 8, 2021
GovernmentBusiness

Biden to Launch Task Force on Bottlenecks in Supply Chains

WASHINGTON — The Biden administration has completed a 100-day review of supply chains and will form a task force to address the bottlenecks in the semiconductor, construction, transportation and agriculture sectors.

June 8, 2021
GovernmentBusiness

Trade Deficit Dips to $68.9 Billion With Exports Up

WASHINGTON — The U.S. trade deficit narrowed in April to $68.9 billion as an improving global economy boosted sales of American exports.

June 8, 2021
GovernmentBusiness

Biden-Capito Infrastructure Talks Stall

President Joe Biden’s negotiations on an infrastructure deal with Republican Sen. Shelley Moore Capito appeared to stall June 7 and a bipartisan group of senators say they are ready to step in with an alternative.

June 7, 2021