Trucking Business News

About 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.

GovernmentBusiness

MLB’s Athletics Move Step Closer to Ballpark at Port of Oakland

An environmental impact report written by City of Oakland officials and released Feb. 26 is pushing forward plans for a privately funded, baseball-only stadium at Howard Terminal at the Port of Oakland.

March 1, 2021
BusinessFuel

TravelCenters of America Reports Q4 Net Loss, Eyes Alt Fuels

TravelCenters of America Inc. reported a fourth-quarter loss and a decline in revenue as diesel gross margins plunged and pandemic-related restrictions remained in place at some of its restaurants.

February 26, 2021
Business

XPO Appoints Ravi Tulsyan to Finance Position

XPO Logistics appointed Ravi Tulsyan to the newly created position of deputy chief financial officer effective immediately, the company announced Feb. 24.

February 26, 2021
GovernmentBusiness

Consumer Sentiment Fell in February to a Six-Month Low

U.S. consumer sentiment fell in February to a six-month low as expectations remained weak even while lawmakers moved closer to approving another round of financial relief.

February 26, 2021
BusinessTechnology

Chinese Trucking Startup Files Confidentially for US IPO

China’s Uber-like startup Full Truck Alliance confidentially has filed for an initial public offering that could raise at least $1 billion as soon as this year, according to people familiar with the matter.

February 26, 2021
BusinessTechnologyEquipmentSafety

Grote Launches New Headlamps

Grote Industries announced its newest forward lighting, the 90mm LED High Beam and Low Beam headlamps and the 90mm Combination High Beam/Low Beam LED headlamp module.

February 26, 2021
GovernmentBusinessSafety

House to Vote on Virus Bill

WASHINGTON — Democrats are ready to shove a $1.9 trillion COVID-19 relief package through the House on Feb. 26, despite a setback that means a minimum wage boost is unlikely to be in the final version that reaches President Joe Biden.

February 26, 2021
BusinessTechnologyEquipmentFuel

Dana Taps Byron Foster as Chief Commercial Officer

Dana Inc. announced Byron Foster joined the company as chief commercial, marketing and communications officer.

February 26, 2021
BusinessTechnologyEquipmentFuel

Nikola Falls After Paring Output Goals for Debut Electric Trucks

Nikola Corp. shares slipped after the company cut projected output of its first commercial zero-emission vehicles and said it may seek to raise more capital to invest in facilities such as a planned hydrogen-fueling network.

February 26, 2021
GovernmentBusinessLogistics

Biden Orders USDOT to Review Supply Chain

President Joe Biden has directed the Department of Transportation to conduct a review of the nation’s supply chain in the wake of challenges that arose during the earlier days of the coronavirus pandemic.

February 25, 2021