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.

GovernmentBusinessTechnologyAutonomousTCA

Cruise Posted Most California AV Testing Miles in 2020

Cruise clocked the most miles of any company testing self-driving vehicles in California in 2020, according to new reports from the state’s Department of Motor Vehicles.

February 10, 2021
BusinessEquipmentBreaking News

Class 8 Retail Sales Rise 7.7% in January

Class 8 U.S. retail sales in January improved 7.7% compared with a year earlier, reaching 16,844 compared with 15,645 in 2020, WardsAuto .com reported.

February 10, 2021
BusinessTechnologyEquipment

Battery-Electric Technologies Face Challenges, Cummins’ Linebarger Says

The challenge for emerging battery-electric technologies is the systems have not yet demonstrated benefits that will drive the commercial vehicle market’s adoption of them, Cummins Inc.'s CEO said.

February 10, 2021
BusinessLogistics

A.P. Moller-Maersk Reports Rebound in Business

The world’s biggest shipping company, Denmark’s A.P. Moller-Maersk, on Feb. 10 reported a sharp rise in earnings for the fourth quarter, when global demand for goods rebounded from an earlier slump caused by the coronavirus pandemic.

February 10, 2021
BusinessTechnologyFuel

Amazon-Backed Rivian Aims for IPO This Year

Rivian Automotive Inc., the electric-vehicle startup backed by Amazon.com Inc. and Ford Motor Co., is looking to go public as soon as September at a valuation of about $50 billion and perhaps more, according to people familiar with the matter.

February 10, 2021
BusinessTechnologyEquipment

Plus Signs Agreement for Lidar Sensors From Ouster

Plus, a developer of automated truck technology, announced Ouster Inc. will provide its digital lidar sensor to outfit key elements of Plus’ automated truck system.

February 10, 2021
GovernmentBusinessSafety

C.R. England Files RICO Lawsuit in New Orleans Staged Accident

C.R. England on Feb. 9 filed a sweeping federal Racketeer Influenced and Corrupt Organization Act civil lawsuit alleging that a New Orleans law firm and six co-conspirators were paid a total of $4.7 million in a fraudulent settlement for a staged accident with an England tractor-trailer in 2015.

February 9, 2021
GovernmentBusinessSafety

First Trial Set for May 10 in New Orleans Staged Accident Charges

Genetta Isreal, a 51-year-old Houston woman indicted for her alleged role in a June 2017 staged accident in New Orleans with a tractor-trailer, is set to go on trial May 10.

February 9, 2021
GovernmentBusiness

Main Street Lending Program Spent Only 3% of Total

The Federal Reserve’s Main Street Lending Program, which was designed to provide emergency support to midsize U.S. companies during the pandemic, lent out a total $17.5 billion — or just 3% of its potential capacity — according to data released Feb. 9 by the central bank.

February 9, 2021
BusinessTechnologyAutonomous

Apple More Than Doubled Autonomous Road Tests in 2020

Apple Inc. more than doubled road testing of its self-driving cars in 2020 as its autonomous technology improved, according to a report filed with the California Department of Motor Vehicles.

February 9, 2021