In the months since taking the CEO reins at Daimler Trucks North America, John O’Leary has watched the trucking industry deliver a response he described as “remarkable” to the unprecedented disruptions of the COVID-19 pandemic. He believes emerging opportunities and lessons learned position the industry for recovery and growth.
June 3, 2021Trucking 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.
May Class 8 Orders Fall to 22,900
Class 8 preliminary orders for May fell to the lowest point since August, settling just below 23,000 as the industry paused amid little chance to join this year’s orders backlog, ACT Research reported, citing truck makers’ initial data.
June 3, 2021Workhorse Soars 83% in Three Days on Newfound Retail Fandom
Troubled electric truck startup Workhorse Group Inc. has become the latest darling of retail traders, who have pushed its share price up 83% in just three trading sessions.
June 3, 2021Despite Retention Issues, Most Truck Drivers Not Looking for Work
The majority of truck drivers are not actively looking for a new job, but a robust recruiting environment makes it easy for them to find one should they want to make a move, a recent industry survey found.
June 3, 2021Rail Customers Express Concern Over CN-KCS Merger
As leaders from Canadian National Railway and Kansas City Southern Railway promote their proposed merger, concerns are growing among some of their customers.
June 3, 2021Rise of Electric Vehicles Presents Questions About Transportation Funding
While electric vehicles and alternative fuels contribute to reducing greenhouse gas emissions, their continued adoption forces states to rethink transportation funding sources that currently come from taxes on diesel and gasoline.
June 3, 2021E2open CEO Details Value Added in BluJay Solutions Acquistion
E2open CEO Michael Farlekas said his company’s supply chain solutions platform will be enhanced with more capabilities such as logistics execution software via its acquisition of BluJay Solutions.
June 3, 2021Economists Brace for Another Volatile Monthly Jobs Report
Economists, blindsided by a major miss in April’s U.S. employment report, are now ready for any number of surprises.
June 3, 2021GM to Beat Profit Targets as Truck Plants Ramp Up
General Motors Co. will boost output at two truck plants, allowing the company to beat its first-half forecast of $5.5 billion in profit and to hit the high end of its full-year target of around $11 billion.
June 3, 2021Jobless Claims Dip Below 400,000 for First Time in Pandemic
Applications for U.S. state unemployment insurance dipped below 400,000 for the first time during the pandemic as hiring accelerates and the economy strengthens heading into the summer months.
June 3, 2021Trending
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