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.

BusinessTop 100

Leadership Changes Announced as UPS Freight Sale to TFI Inches Closer

With the pending sale later this year of UPS Freight to TFI International, leadership changes are taking place in anticipation of the new ownership.

April 30, 2021
BusinessTechnologyEquipment

MCE, Purkeys Offer Shorepower Connections for eTRUs

Mission Critical Electronics and its Purkeys subsidiary announced a system that connects hybrid electric transport refrigeration units to 480 volts alternating current power.

April 30, 2021
BusinessTechnology

Dana Raises $400 Million for Green Projects

Dana Inc. announced it has priced its offering of $400 million aggregate principal amount of 4.25% senior notes due 2030 with net proceeds going toward recently completed or future eligible green projects.

April 30, 2021
BusinessLogisticsTop 100

Forward Air Reports $362.2 Million Revenue for Q1

Forward Air Corp. saw revenue and earnings increase during the first quarter of 2021, the company reported April 29.

April 30, 2021
BusinessTechnologyEquipment

Meritor Marks ADB Manufacturing Milestone

Meritor Inc. announced a milestone for its York, S.C., manufacturing facility that recently produced its 1 millionth air disc brake, contributing to Meritor鈥檚 production of more than 10 million air disc brakes worldwide since 1981.

April 30, 2021
GovernmentBusiness

Biden Shows Openness to Infrastructure Negotiations With Republicans

President Joe Biden signaled a willingness to negotiate with Republicans on infrastructure policy ahead of a possible meeting with the ranking member on the Senate鈥檚 transportation committee.

April 30, 2021
BusinessLogisticsTop 100

Universal Logistics Reports Record Q1 Earnings

Universal Logistics Holdings Inc. reported April 29 record highs for the first quarter of 2021.

April 30, 2021
GovernmentBusinessFuelTCA

Pennsylvania Panel Explores Alternatives to Bridge Tolls, Gas Taxes

It鈥檚 not clear yet if Pennsylvania drivers will pay $1 or $2 to cross major bridges, but Pennsylvania needs billions of dollars from somewhere for transportation, state Rep. Mike Carroll said.

April 30, 2021
BusinessTop 100

USA Truck Reports Best First-Quarter Earnings in Company History

The Van Buren, Ark.-based motor carrier posted net income of $3.6 million, or 40 cents a diluted share, for the three months ending March 31. That compared with a net loss of $2.6 million, minus 30 cents, during the same time the previous year.

April 30, 2021
GovernmentBusinessTechnology

Illinois Gov. Pritzker Directs $15 Million to Manufacturing Training Academies

In an effort to develop the manufacturing workforce, Illinois Gov. Jay 鈥淛.B.鈥 Pritzker announced a $15 million investment to build two advanced manufacturing training academies.

April 30, 2021