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.

BusinessEquipmentBreaking News

February Class 8 Sales Flat at 15,369

U.S. Class 8 retail sales in February were 0.6% lower compared with a year earlier, coming in at 15,369, WardsAuto .com reported.

March 10, 2021
BusinessEquipment

CVG Reports Q4 Net Loss, Higher Revenue

Commercial Vehicle Group reported a narrower net loss in the fourth quarter compared with a year earlier and higher revenue, including record revenue in its electrical systems segment.

March 10, 2021
GovernmentBusiness

Gasoline Increase Drives 0.4% Boost in Consumer Prices

Consumer prices increased 0.4% in February, the biggest gain in six months, led by a sharp jump in gasoline prices. But core inflation, excluding food and energy, posted a much smaller 0.1% gain, easing fears about a possible sustained acceleration in inflation.

March 10, 2021
GovernmentBusinessLogistics

Maersk Is Said to Weigh Sale of $1 Billion Cold Container Unit

A.P. Moller-Maersk A/S is considering a sale of its refrigerated container business as demand for the cold storage units surges during the COVID-19 pandemic, according to people familiar with the matter.

March 10, 2021
GovernmentBusinessTechnologyEquipmentFuel

Oshkosh Acknowledged Weakness on EVs Before Win in Postal Deal

Oshkosh Corp. executives cautioned investors that they lacked expertise in building electric vehicles several months before the company won a lucrative U.S. Postal Service contract to build next-generation mail-delivery vans with batteries or internal-combustion engines.

March 10, 2021
BusinessEquipment

Navistar Reports Net Loss in FY Q1, Along With Market Share Gains

Navistar International Corp. reported a fiscal first-quarter net loss as well as a dip in revenue and market share gains for Classes 6-8 vehicles compared with a year earlier.

March 9, 2021
GovernmentBusinessTechnologyEquipmentSafetyFuel

Biden Executive Order Calls on Agencies to Prioritize 'Environmental Justice'

A sweeping executive order from President Joe Biden calls for a review of all Trump-era environmental regulations with a focus on the issue of “environmental justice,” an effort to cut greenhouse gas emissions in low-income and minority communities across the United States that, in many cases, are located near where heavy trucks operate.

March 9, 2021
BusinessLogistics

IHS Expects Trucking Recovery Despite Concerns in 2021

Trucking is likely to see strong gains this year, but risks remain as the economy tries to leave the coronavirus behind, according to IHS Markit.

March 9, 2021
GovernmentBusiness

White House Hasn’t Ruled Out Democrat-Only Infrastructure Plan

White House Senior Adviser Cedric Richmond left open the possibility that the Biden administration could seek passage of an infrastructure plan with only Democratic votes after the president drew criticism for a $1.9 trillion virus relief package that’s poised to pass along partisan lines.

March 9, 2021
GovernmentBusinessFuel

Giant Oil Tankers Are Losing Almost $7,000 a Day Amid OPEC Cuts

Times are getting tougher by the day for oil tanker owners.

March 9, 2021