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.

GovernmentBusinessTechnologyLogistics

Biden Team Pledges Aggressive Steps to Address Chip Shortage

The Biden administration is working to address the global semiconductor shortage that has caused auto manufacturers and other U.S. industries to halt production, a White House official said.

February 11, 2021
Business

Mullen Group Posts Increased Earnings in Q4; Revenue Continues to Slide

Mullen Group reported a gain in profit for the fourth quarter although revenue continues to fall because of the COVID-19 pandemic.

February 11, 2021
GovernmentBusinessTechnologyFuel

Biden Says China Will 鈥楨at Our Lunch鈥 Without Infrastructure Plan

President Joe Biden urged Congress to move quickly on a large infrastructure improvement plan in a meeting Feb. 11 with four senators, declaring that China is poised to 鈥渆at our lunch鈥 otherwise.

February 11, 2021
BusinessTechnologyAutonomous

VW, Microsoft Extend Collaboration to Self-Driving Car Software

Volkswagen AG and Microsoft Corp. are expanding their cooperation involving the U.S. software giant鈥檚 cloud technology to include speeding up development of automated driving.

February 11, 2021
BusinessTechnology

Uber Narrows Loss in Fourth Quarter

Uber Technologies continued to post large losses in the fourth quarter, but said its freight business is growing quickly yet remains unprofitable.

February 11, 2021
BusinessTechnologyFuel

Amazon-Backed Rivian Reportedly Eyes EV Plant in Europe

Rivian Automotive Inc., the electric-vehicle maker backed by Amazon .com Inc., is scouting locations in Europe to build a new factory, according to people familiar with the matter.

February 11, 2021
BusinessLogisticsTop 100

XPO Reports Highest Quarterly Revenue Ever at $4.67 Billion

XPO Logistics Inc. posted better-than-expected earnings and its highest-ever quarterly revenue for the fourth quarter of 2020.

February 11, 2021
GovernmentBusiness

Connecticut Gov. Ned Lamont Proposes Mileage-Based Fee on Trucks

In his recent budget address, Connecticut Gov. Ned Lamont proposed a mileage-based fee on tractor-trailers estimated to raise $90 million annually.

February 10, 2021
GovernmentBusinessFuelAutonomous

Toyota to Add Electric, Plug-in Hybrid Vehicles

DETROIT 鈥 Toyota says it will roll out two new battery-electric vehicles and one plug-in gas-electric hybrid in the U.S. this year as the parade of new EVs continues.

February 10, 2021
BusinessEquipment

Tribe Transportation Grows Trailer Fleet

Tribe Transportation announced it expanded its fleet with 111 new 53-foot trailers equipped with Carrier Transicold X4 7500 refrigeration units to help it meet demand in the fast-growing life sciences sector, including transport of pharmaceutical products.

February 10, 2021