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.

Business

Partner With The Nation’s Most Reliable Spill Response Network

In the event of a spill, being prepared with a response plan can make all the difference. Learn how to position your company to protect your bottom line and your brand from unnecessary costs, liabilities and damage.

February 9, 2021
Business

ODFL Expands National Service Center Network

Old Dominion Freight Line Inc. has added nine service centers in new and existing markets, the less-than-truckload carrier announced. The steady growth brings the count to 245 and solidifies Old Dominion’s presence across the continental United States.

February 9, 2021
GovernmentBusinessFuel

Diesel Surges 6.3¢ for Biggest Weekly Rise Since 2019

The nationwide average price of diesel fuel increased by 6.3 cents per gallon to $2.801, marking the 14th straight week with a gain and the largest rise in nearly 17 months, according to U.S. Energy Information Administration data released Feb. 8.

February 8, 2021
BusinessLogisticsTop 100

Saia Reports Earnings Nearly Doubled to $40.2 Million for Q4

Saia Inc. saw income surge and revenue gains during the fourth quarter, the company reported Feb. 8.

February 8, 2021
BusinessFuel

BP Swaps High Returns for a Cleaner Future With Unproven Profits

One week and two deals later, BP Plc has cemented the view that for an oil and gas company to go green, it must sacrifice profits.

February 8, 2021
BusinessEquipment

American Tire to Eye $1 Billion Refinancing Post Bankruptcy

Bankers for American Tire Distributors Inc. are sounding out investors on a junk bond sale that would help the company refinance its debt more than two years after exiting bankruptcy, according to people with knowledge of the matter.

February 8, 2021
BusinessTechnologyAutonomous

Bitcoin Surges to Almost $45,000 After Tesla Discloses Purchase

Bitcoin surged to an all-time high after Tesla Inc. said it has invested $1.5 billion, the biggest endorsement of the controversial cryptocurrency by a mainstream company.

February 8, 2021
BusinessTechnologyLogisticsTop 100

Increase in Online Shopping Spurs Innovation for Shipping Packaging

Effective shipment packaging relies as much on science and engineering as it does diligence and common sense. Matching the right box for the product and properly securing palletized shipments is crucial in the physically challenging environment of a less-than-truckload or parcel network.

February 8, 2021
BusinessSafety

US Dockworkers May Get Better Vaccine Access

Dockworkers at the busiest U.S. gateway for trade with Asia soon may have better access to coronavirus vaccines, as officials on the West Coast battle congestion blamed on shortages of labor and equipment needed to handle a record influx of cargo.

February 8, 2021
BusinessTechnologyEquipmentFuel

Daimler Restructuring ‘Dream Come True,’ Martin Daum Says

The head of Daimler’s global truck operation believes the upcoming restructuring into a separate company positions it to accelerate growth in terms of both innovation and financial opportunity.

February 8, 2021