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

VW Raises Full-Year Outlook, Warns of Growing Chip Shortage

Volkswagen AG raised its earnings outlook after a strong start to the year, while cautioning that the semiconductor shortage rippling through the industry will become more pronounced in the second quarter.

May 6, 2021
BusinessLogisticsTop 100

Hub Group Reports Q1 Revenue, Profit Gains

Hub Group posted large first-quarter gains in profits and revenue, reflecting a strong freight market.

May 6, 2021
GovernmentBusinessSafetyLogistics

World’s Biggest Brands Adopt Checklist to Protect Seafarers

Unilever Plc and other big retail brands are among consumer giants adopting a toolkit to audit their shipping supply chains in an effort to help bring seafarers stuck on commercial vessels back home and eliminate human rights risks.

May 6, 2021
BusinessAutonomous

Plus Hires Former FMCSA Official Wiley Deck

Former FMCSA Deputy Administrator Wiley Deck has been tapped by autonomous truck technology firm Plus to head government affairs and public policy.

May 6, 2021
GovernmentBusiness

Jobless Claims Fall More Than Forecast to Pandemic Low

Applications for U.S. state unemployment insurance fell last week to a fresh pandemic low as labor market conditions continued to improve and the economy reopened more broadly.

May 6, 2021
GovernmentBusiness

Labor Department Drops Independent Contractor Rule

The U.S. Department of Labor has announced the withdrawal of a federal regulation for classification of independent contractors that the agency earlier said would “promote certainty†for the trucking industry’s use of contractors, but which it now maintains would introduce “substantial confusion and uncertainty on the topic.â€

May 6, 2021
BusinessTop 100

February Weather Takes Toll on Yellow’s Q1 Earnings

Yellow Corp. reported a revenue gain for the first quarter of 2021, but said weather-related issues during the period took a toll on its bottom line.

May 5, 2021
BusinessTechnologyFuelLogisticsTop 100

XPO Begins Testing Electric Trucks

XPO Logistics is testing a Freightliner eCascadia in Oakland, Calif., the first step in what it expects is a lengthy transition from diesel-powered heavy-duty trucks.

May 5, 2021
BusinessTechnologyEquipmentSafety

VTNA Makes Lytx Video Telematics an Option

Volvo Trucks North America announced onboard technology from Lytx is available on all model-year 2022 or newer Volvo trucks as a factory-installed option.

May 5, 2021
BusinessTechnology

Uber Bookings Climb 24% on Strong Growth in Delivery

Uber Technologies Inc. reported a 24% increase in gross bookings in the first quarter, driven by continued growth in the delivery business.

May 5, 2021