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.

BusinessEquipment

April Class 8 Orders Cool; Supply Chain Woes Persist

Class 8 orders in April were 33,500, ACT Research reported, and the volume underscored how far the industry has rebounded from a year earlier when orders were the lowest since 1995.

May 5, 2021
BusinessTechnologyEquipment

GM Profit Surges on Sales of Higher-Margin Pickups

DETROIT 鈥 General Motors鈥 first-quarter net income surged to $2.98 billion as strong U.S. consumer demand and higher prices offset production cuts brought on by a global shortage of computer chips.

May 5, 2021
GovernmentBusinessSafety

Canadian Provinces Team With North Dakota to Vaccinate Cross-Border Truckers

Leaders from North Dakota and two Canadian provinces have reached agreements to offer COVID-19 vaccinations to Canada-based truckers who cross the border to deliver goods.

May 4, 2021
GovernmentBusinessTechnologyEquipment

Raimondo Calls for Surge in Chip Production

Commerce Secretary Gina Raimondo called for a major increase in U.S. production capacity for computer chips whose current shortages are causing global manufacturing bottlenecks, saying the push could create jobs and wean the nation off over-dependence on China and Taiwan.

May 4, 2021
GovernmentBusiness

California Trucking Association to Appeal AB 5 Decision

The California Trucking Association will appeal a court decision on the state鈥檚 independent contractor law that many in trucking deem unfavorable to the industry, CTA CEO Shawn Yadon said on May 3.

May 4, 2021
BusinessLogisticsTop 100TCA

UPS Driver Delivers Help to Those in Need in Louisiana

UPS driver James Joseph鈥檚 philosophy sounds a lot like a slogan his company once had: What can 鈥淏ig Brown鈥 do for you? When he鈥檚 not delivering packages, Joseph has helped deliver air conditioners and fans to people during sweltering weather, water and supplies to hurricane-stricken areas and, most recently, masks and hand sanitizer to schools across Louisiana.

May 4, 2021
BusinessFuel

TravelCenters Reduces Net Loss in Q1; Revenue Rises

TravelCenters of America Inc. reduced its net loss and increased revenue in the first quarter compared with a year earlier.

May 4, 2021
BusinessTCA

Shortage of Truck Drivers Concerns California Ag Producers

A worsening shortage of truck drivers is raising concerns among California farmers that, unless a solution emerges soon, there might not be enough hauling capacity to bring this year鈥檚 harvest to market.

May 4, 2021
BusinessTechnologyEquipment

Eaton Reports Q1 Stronger Than Expected

Power management company Eaton Corp. reported higher net income and flat revenue in the first quarter as businesses continue to recover from the pandemic.

May 4, 2021
BusinessTop 100

ArcBest Reports Record Revenue for Q1 2021

ArcBest saw earnings increase and record revenue during the first quarter, the company reported May 4.

May 4, 2021