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.

BusinessTechnologyEquipment

Xos Signs Distribution Deal With Thompson Truck Centers

Xos, a manufacturer of electric commercial vehicles, announced a partnership with Thompson Truck Centers to distribute its trucks beginning in the second half of the year.

February 12, 2021
BusinessTechnology

DAT Unveils Freight Broker Intelligence Service

DAT Freight & Analytics introduced a subscription-based service for freight brokers Feb. 12 to help with spot and contract transactions.

February 12, 2021
GovernmentBusinessTechnologyFuelAutonomous

Dems to Push Clean Energy Tax Breaks in Infrastructure Plan

House Ways and Means Chairman Richard Neal unveiled plans to pursue tax breaks for renewable energy as a way to ease the shift away from fossil fuels in President Joe Biden’s upcoming infrastructure bill.

February 12, 2021
BusinessTechnologyFuel

Hyliion Launches Next-Generation Battery Module for Hybrid Truck

Hyliion Holdings Corp., a manufacturer of electrified powertrain solutions for Class 8 commercial vehicles, announced the introduction of its next-generation battery module that integrates Toshiba’s LTO cells with Hyliion’s technology advancements.

February 12, 2021
BusinessTechnologyEquipment

Navistar Adds Property to Support Texas Truck Plant

Navistar International Corp. announced it acquired a property in San Antonio to house support functions for its under-construction plant in the area.

February 12, 2021
GovernmentBusinessLogistics

Amazon Sues N.Y. Attorney General, Claiming Excessive COVID Demands

Amazon .com Inc. is suing the New York State attorney general, arguing that she’s exceeding her authority in seeking to penalize the company for alleged failures in its pandemic safety protocols and treatment of workers at New York City warehouses.

February 12, 2021
GovernmentBusiness

Biden Team Cool to Preflight Virus Tests Floated by Buttigieg

President Joe Biden’s administration isn’t seriously considering an imminent coronavirus testing requirement for domestic U.S. flights, people familiar with the matter said.

February 12, 2021
BusinessLogisticsTop 100

Forward Air Revenue Increased While Income Declined for Q4

Forward Air Corp. reported record fourth-quarter revenue but a decline in net income.

February 12, 2021
GovernmentBusiness

Consumer Sentiment Unexpectedly Falls to Six-Month Low

Consumer sentiment unexpectedly declined to a six-month low in early February as the outlook for personal income deteriorated and more Americans anticipated faster inflation in the year ahead.

February 12, 2021
BusinessFuel

US Oil Majors Downgraded by S&P on Climate Risk, Earnings

Exxon Mobil Corp., Chevron Corp. and ConocoPhillips had their credit ratings lowered after S&P Global Ratings followed through on its recent warning and revised the industry’s risk profile due to climate change and weak earnings.

February 12, 2021