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.

BusinessLogisticsTop 100

ArcBest Reports Net Income Increased to $26M During Q4

ArcBest saw revenue and earnings increase from the prior year during the fourth quarter of 2020, the company reported Feb. 2.

February 2, 2021
Business

Northeastern US Digging Out From Major Snowstorm

BOSTON — People of the northeastern U.S. shoveled themselves out Feb. 2 after a two-day snowstorm that shut down public transport, canceled flights and closed coronavirus vaccination sites.

February 2, 2021
BusinessEquipment

Knight-Swift Acquires Majority Stake in Software Company Eleos

Knight-Swift Transportation Holdings Inc. announced it acquired a majority stake in Eleos, a Greenville, S.C.-based software company that provides a mobile driver workflow platform for trucking fleets and truck operators.

February 2, 2021
BusinessTechnology

Uber to Buy Alcohol Delivery Startup Drizly for $1.1 Billion

Uber Technologies Inc. agreed to acquire Drizly Inc., which makes an on-demand alcohol delivery app, for $1.1 billion.

February 2, 2021
GovernmentBusinessSafety

Tesla to Fix Touch Screens, Ending Spat With NHTSA

DETROIT — After initially refusing a request from U.S. safety regulators, Tesla has now agreed to recall about 135,000 vehicles because the large touch screens on the console can go dark.

February 2, 2021
BusinessFuel

Volvo Group, Natso Add Plans for Greater Electric Deployments

Truck maker Volvo Group and the travel plaza trade group Natso separately announced additional steps to ensure they assist in the infrastructure development and broader deployment of electric trucks.

February 2, 2021
BusinessLogisticsTop 100

U.S. Xpress Enterprises Reports $455.6M Revenue for Q4

U.S. Xpress Enterprises reported that its fourth-quarter bottom-line result swung to a profit from a loss in the year-ago period.

February 2, 2021
BusinessTechnologyLogistics

DTNA Names Rakesh Aneja to Lead eMobility Unit

Daimler Trucks North America announced the appointment of Rakesh Aneja as the company’s new head of eMobility that is focused on electric drive systems.

February 2, 2021
BusinessEquipment

TruckLabs’ TruckWings Gains First Canadian Fleet Customer

TruckLabs announced J&R Hall, a Canadian family owned and operated trucking company, became the first Canadian fleet to adopt TruckLabs’ patented TruckWings technology.

February 2, 2021