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.

BusinessTechnologyAutonomous

Lidar Startup AEye Goes Public in $2 Billion SPAC Deal

AEye Inc., a startup that makes lidar systems for self-driving vehicles, is going public by merging with blank-check company CF Finance Acquisition Corp. III in a deal valued at $2 billion.

February 17, 2021
GovernmentBusiness

Retail Sales Jump 5.3% Due to $600 Stimulus Checks

After three months of declines, retail sales soared a seasonally adjusted 5.3% in January from the month before, the U.S. Commerce Department said Feb. 17.

February 17, 2021
GovernmentBusinessSafety

New York Sues Amazon Over Worker Safety During Pandemic

New York is suing Amazon, claiming the company failed to provide workers with a safe environment at two warehouses in the state as COVID-19 infections surged nationwide.

February 17, 2021
Business

Experts Tackle Design Considerations for Urban Delivery Needs

Despite the ongoing popularity of online shopping, there is a dearth of “design support” for urban delivery needs, according to Edward McCormack, research associate professor of civil and environmental engineering at the University of Washington.

February 16, 2021
GovernmentBusinessFuel

Diesel Climbs 7.5¢ to $2.876 a Gallon

Diesel surged 7.5 cents a gallon, boosting the price of trucking's main fuel by 13.8 cents the past two weeks, according to data released by the Energy Information Administration.

February 16, 2021
BusinessTechnologyEquipmentSafety

TMC Announces Changes to Meetings, Exhibition

American Trucking Associations announced the Technology & Maintenance Council showcase exhibition will be an in-person event as part of TMC’s fall meeting.

February 16, 2021
GovernmentBusinessLogisticsTCA

Scanning Every Vehicle Could Cause Border Backups

A new U.S. law signed Jan. 5 requires every vehicle, truck and freight train that crosses into the United States from Mexico or Canada to be scanned and inspected at ports of entry with X-ray or similar technology.

February 16, 2021
Business

Trucking Bankruptcies Surged in 2020 as Pandemic Hit Small Carriers

The COVID-19 pandemic forced more than 3,000 trucking companies out of business in 2020 — a significant leap from about 1,000 the year prior — as the early months of the global health crisis proved too difficult for some in the industry to withstand.

February 16, 2021
BusinessEquipmentBreaking News

John O’Leary to Succeed Roger Nielsen as CEO of DTNA

Daimler Truck AG announced it appointed John O’Leary as the next president and CEO of Daimler Trucks North America, the leading truck maker in North America, effective April 1.

February 16, 2021
GovernmentBusinessLogistics

Snow, Ice May Stall Vaccine Shipments

The U.S. vaccine supply is increasing to 13.5 million doses per week, up from 11 million, but harsh winter weather may slow the pace temporarily.

February 16, 2021