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

House Panel Ready for Transportation Bill, Rep. Peter DeFazio Says

WASHINGTON — Comprehensive, multiyear surface transportation legislation is likely to be considered by a U.S. House committee prior to Memorial Day, the chamber’s top transportation policymaker said May 12.

May 12, 2021
GovernmentBusinessSafety

Repairs to I-40 Bridge Could Take Months

MEMPHIS, Tenn. — Repairs to the Interstate 40 bridge linking Arkansas and Tennessee could take months after a crack was found in the span, forcing thousands of trucks and cars to detour and shutting down shipping on a section of the Mississippi River, a transportation official said May 12.

May 12, 2021
GovernmentBusinessFuel

More Stations in Southeast Running Out of Gas

Drivers waited in long lines at gas stations in the Southeast on May 12 after a hack of the nation’s largest fuel pipeline led to distribution problems and panic buying, draining supplies at thousands of gas stations.

May 12, 2021
BusinessLogisticsTop 100

CSX to Acquire Quality Carriers

Class I railroad CSX Corp. is acquiring bulk liquid carrier Quality Carriers Inc. in a deal that expands the railroad’s footprint in the United States, Canada and Mexico.

May 12, 2021
BusinessEquipmentBreaking News

April US Class 8 Sales Clear 19,000, but Production Slows

U.S. Class 8 retail sales in April jumped 52.8% compared with a year earlier to 19,312, WardsAuto .com reported.

May 12, 2021
GovernmentBusiness

Biden, GOP Leaders Say Infrastructure Deal Possible

Republican congressional leaders said it may be possible to reach agreement with Joe Biden on an infrastructure plan after meeting May 12 with the president at the White House.

May 12, 2021
BusinessTechnologySafety

Vigillo Founder Steve Bryan's New Tech Company Measures Carrier Reputations

A new data service aims to help motor carriers improve and maintain their reputations as safe operators before they ever have to face a plaintiff attorney’s wrath in a courtroom.

May 12, 2021
Business

Hertz Shares Surge on Sale to Knighthead

In a deal that hands a huge victory to shareholders of bankrupt Hertz Global Holdings Inc., the car renter picked Knighthead Capital Management and Certares Management to buy the company out of Chapter 11, capping a dramatic brawl for control of the company.

May 12, 2021
GovernmentBusinessLogistics

TIA Pledges Greater Capitol Hill Presence; New CEO Anne Reinke Leads First Meeting

The head of the Transportation Intermediaries Association stressed that the industry is healthy and poised for a return to the kind of camaraderie that existed before the coronavirus pandemic.

May 12, 2021
BusinessTechnologyAutonomous

VW Plans to Have Autonomous Microbus Ready for Roads in 2025

Volkswagen AG plans to offer a highly automated version of the hippie-era microbus it’s reviving as an electric van as the carmaker commercializes self-driving technology along with startup Argo AI.

May 12, 2021