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

CN Reports Mixed Q1 as It Enters Merger Battle Over KCS

Canadian National on April 26 reported a slight decline in income and revenue for the first quarter, but company executives during a conference call with investors spent as much time discussing the railroad’s move to seize ownership of Kansas City Southern as they did discussing their own railway’s financial results.

April 27, 2021
BusinessLogistics

DSV to Buy Agility’s Logistics Unit for $4.1 Billion

DSV Panalpina A/S agreed to buy Agility Public Warehousing Co.’s Global Integrated Logistics business for $4.1 billion, extending its reach in the air and sea transport industry.

April 27, 2021
BusinessTechnologyEquipment

Paccar Reports Surge in Q1 Net Income

Truck maker Paccar Inc. reported a surge in net income and improved revenue in the first quarter as its parts business achieved record revenue and pretax profits amid strong demand and booming e-commerce sales.

April 27, 2021
GovernmentBusiness

Merger Battle for Kansas City Southern Heats Up

An epic battle is in the early stages with Class I railroad powerhouses Canadian National and Canadian Pacific competing with multibillion-dollar bids to purchase the smaller Kansas City Southern railroad.

April 27, 2021
GovernmentBusinessSafety

FMCSA Encourages Drivers to Practice Work Zone Safety

In support of National Work Zone Awareness Week, the Federal Motor Carrier Safety Administration is encouraging drivers of large trucks to use extra caution, and is urging all drivers to remain alert, obey traffic signs and allow all vehicles extra space.

April 27, 2021
GovernmentBusinessTechnologyEquipmentFuelAutonomous

Unpaid Taxes Another Troubling Sign for Lordstown Motors

CLEVELAND — The failure of Lordstown Motors, an Ohio-based electric truck startup, to pay $570,000 in real estate taxes due in early March is yet another troubling sign for a company that has been barraged by bad news this year.

April 27, 2021
BusinessTechnologyEquipmentFuel

Ford to Open Battery Research Lab in Electric Vehicle Push

Ford Motor Co. is building a $185 million battery research lab as part of a push to build its own power sources for plug-in cars.

April 27, 2021
BusinessTechnologyLogisticsTop 50

Apple’s $430 Billion US Investment Includes XPO-Run Facility

XPO Logistics will operate a $100 million “state-of-the-art” facility and distribution center in Clayton, Ind., for technology giant Apple, the company said April 26.

April 27, 2021
BusinessTechnologyEquipment

Rush Reports Q1 Jump in Net Income, Revenue Flat

Truck dealership Rush Enterprises Inc. reported first-quarter net income nearly doubled and revenue was essentially flat as the company maintained a strict focus on managing expenses.

April 27, 2021
BusinessTechnologyAutonomous

Plus, Cummins Partner on Self-Driving CNG Trucks

Self-driving truck technology company Plus announced a new initiative with engine manufacturer Cummins Inc. to develop what Plus called the industry’s first driver-in, supervised autonomous trucks powered by natural gas.

April 27, 2021