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.

Business

Hub Group’s Revenue Rises, but Charges Suppress Earnings

Revenue increased but profit fell at Hub Group in the fourth quarter as it took charges to increase insurance claim reserves and to close an office.

February 8, 2021
BusinessEquipment

CEO Hawkins Says Yellow Well-Positioned as Economy Improves

With hundreds of new tractors and trailers already purchased and more on the way, the company formerly known as YRC Worldwide is poised to be highly competitive in the LTL freight sector, according to its CEO.

February 5, 2021
BusinessTop 100

ABF Freight’s Tim Thorne Gets Service Award

Tim Thorne, president of ABF Freight, ArcBest’s less-than-truckload carrier, was honored with the 2020 Herbert Metzger Service Award from the Dixon Center for Military and Veterans Services.

February 5, 2021
GovernmentBusinessFuel

Oil Extends Weekly Gain; Brent Pushes Toward $60 a Barrel

Oil set a fresh one-year high in New York with continued producer supply curbs helping spur strength everywhere from physical markets to the futures curve.

February 5, 2021
BusinessTop 100

Prime Inc. Donates More Than $200,000 From Canceled Events to Charities

Prime Inc. donated a large portion of funds from its canceled 2020 company events to several charities.

February 5, 2021
BusinessEquipment

Universal Logistics Reports $16.2 Million Profit for Q4 2020

Universal Logistics Holdings Inc. on Feb, 4 reported its highest fourth-quarter earnings on record. The asset-light transportation and logistics company posted net income of $16.2 million, or 60 cents per diluted share,

February 5, 2021
GovernmentBusiness

Biden Signals Ditching GOP in Push for $1.9 Trillion Aid

President Joe Biden gave his strongest indication yet that he will push for his $1.9 trillion COVID-19 relief plan without Republican support, saying that a weak jobs report shows the risk of doing “too little.â€

February 5, 2021
GovernmentBusinessLogistics

Amazon Bid to Delay Union Vote Rejected

The National Labor Relations Board has rejected Amazon .com Inc.’s request to delay a unionization vote at the company’s Bessemer, Ala., warehouse, clearing the way for the closely watched election to begin next week

February 5, 2021
GovernmentBusiness

Arizona DOT’s I-15 Bridge Replacement Project Aims to Help Commerce Flow

In an effort to facilitate the flow of commerce, the Arizona Department of Transportation is starting work to replace a bridge that carries Interstate 15.

February 5, 2021
BusinessTechnology

Fuel Cell Truck Startup Hyzon Agrees to Merge With Decarbonization Plus SPAC

Hyzon Motors Inc., a fuel cell truck startup, has agreed to go public via a merger with Decarbonization Plus Acquisition Corp., according to people with knowledge of the matter.

February 5, 2021