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, 2021Trucking 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.
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, 2021World’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, 2021Plus 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, 2021Jobless 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, 2021Labor 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, 2021February 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, 2021XPO 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, 2021VTNA 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, 2021Uber 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, 2021Trending
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