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.

GovernmentBusinessFuel

ATA, OOIDA Letter Strongly Opposes Cornyn’s Trucks-Only VMT Idea

Trucking industry stakeholders continue to push back on Sen. John Cornyn’s suggestion of a nationwide transportation fee that would exclusively be levied on commercial vehicles.

May 26, 2021
BusinessTechnologyFuel

Ford CEO Farley Stokes Stock With His $30 Billion Bid in EV Race

Ford Motor Co. CEO Jim Farley made a bold bid for electric supremacy May 26 by boosting his company’s bet on plug-in models by more than a third, to $30 billion, and promising to electrify virtually the entire lineup.

May 26, 2021
GovernmentBusinessSafety

Senate Panel Advances Five-Year Highway Bill

Legislation designed to update the country’s highway infrastructure networks was approved by a committee in the U.S. Senate May 26.

May 26, 2021
BusinessTechnologyLogistics

Bezos: Amazon’s Andy Jassy Will Become CEO on July 5

Amazon .com Inc.’s new CEO will take the reins on July 5, the 27th anniversary of the company’s incorporation, outgoing CEO Jeff Bezos said during the annual shareholder meeting on May 26.

May 26, 2021
BusinessTechnologySafetyLogisticsTop 100

UPS Launches End-to-End Cold Chain Solutions

UPS is taking the lessons learned from the coronavirus pandemic to expand its specialty pharmaceutical offerings by establishing UPS Cold Chain Solutions, a suite of technologies, capabilities and global facilities that incorporates those lessons into an integrated logistics platform, the company announced May 24.

May 26, 2021
BusinessTechnologySafetyLogistics

Safety Culture Helps Fleets Guard Against Lawsuits, Experts Say

Motor carriers with a culture that prioritizes safety can protect themselves from frivolous lawsuits and help stave off the multimillion-dollar court settlements that make headlines in accident litigation involving trucking companies, safety experts said.

May 26, 2021
GovernmentBusinessSafetyFuel

Court Orders Shell to Cut Net Emissions by 45%

THE HAGUE, Netherlands — A Dutch court on May 26 ordered Royal Dutch Shell to cut its carbon emissions by net 45% by 2030 compared with 2019 levels in a landmark case brought by climate activism groups, which hailed the decision as a victory for the planet.

May 26, 2021
BusinessTechnologyEquipment

Truck-Lite to Relocate to Pennsylvania in Preparation for EVs

Truck-Lite Co., a provider of LED lighting systems for commercial vehicles, announced it is relocating its headquarters to Knowledge Park at Penn State Behrend in Erie, Pa.

May 26, 2021
BusinessTechnologyAutonomous

Tesla Phases Out Radar Sensors, Shifts to Camera-Based Autopilot

Tesla Inc. updated its website May 25 to announce that Model 3 and Model Y cars built for North America and shipping this month no longer will be equipped with radar.

May 26, 2021
BusinessTechnology

Lordstown Motors Drops as Earnings Stoke Case for Skepticism

Lordstown Motors Corp. shares tumbled after the electric vehicle company cut its full-year production expectations for its Endurance pickup truck and said it will need outside capital.

May 26, 2021