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.

GovernmentBusiness

Economy Accelerated at Robust 6.4% Rate Last Quarter

WASHINGTON — Powered by consumers, the U.S. economy grew at a brisk 6.4% annual rate last quarter — a show of strength fueled by government aid and declining viral cases that could drive further gains as the nation rebounds with unusual speed from the pandemic recession.

April 29, 2021
BusinessTechnologyEquipmentFuel

Daimler Truck, Volvo to Make Fuel Cells in Europe in Joint Venture

FRANKFURT, Germany — Germany’s Daimler Truck AG and Sweden’s Volvo Group say they plan to jointly manufacture hydrogen fuel cells for trucks in Europe starting in 2025 and called on European Union policymakers to boost incentives for climate-neutral technologies.

April 29, 2021
GovernmentBusiness

Appeals Court Rules California Can Enforce AB 5

A three-judge panel of the 9th U.S. Circuit Court of Appeals has rejected a lower court’s preliminary injunction that blocked the immediate implementation of California’s Assembly Bill 5 law, which motor carriers have claimed would make use of independent contractors next to impossible.

April 28, 2021
GovernmentBusiness

US Goods-Trade Deficit Widens to Fresh Record in March

The U.S. merchandise-trade deficit widened to a new record in March as the value of imports surged to a fresh high.

April 28, 2021
BusinessTechnologyEquipment

Wabash Posts Higher Q1 Profits, Raises Full-Year Guidance

Trailer maker Wabash National Corp. returned to first-quarter profitability compared with a year earlier and increased its full-year guidance on revenue.

April 28, 2021
BusinessTechnologyLogisticsTop 100

New Ware2Go Service Helps E-Commerce Merchants With Warehouse Placement

The UPS-founded Ware2Go launched a free application to help e-commerce merchants with strategic fulfillment planning, the company announced April 27.

April 28, 2021
BusinessLogistics

Despite Lower Bid, Canadian Pacific Touts Value of KCS Offer

Canadian Pacific Railway Ltd.’s chief executive officer tried to quash speculation that a bidding war is at hand for Kansas City Southern.

April 28, 2021
BusinessEquipment

Average Used Class 8 Price in March Is Third-Highest Ever

The average used Class 8 truck in March brought the third-highest price ever as demand rages on and supply is very tight, ACT Research reported.

April 28, 2021
BusinessFuel

NextEra Plans to Harness Landfill Gas to Make Renewable Fuel

NextEra Energy Inc. and OPAL Fuels plan to capture methane from a Minnesota landfill to produce renewable natural gas, adding to a series of projects seeking to cash in on the energy source while helping cut greenhouse-gas emissions.

April 28, 2021
GovernmentBusinessTechnologySafetyAutonomous

Policymakers Keep Autonomous Vehicles Bill on Senate’s Radar

Two of the key drivers of autonomous vehicle policy in Congress again touted its potential safety and economic benefits during a hearing with stakeholders.

April 28, 2021