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.

GovernmentBusinessTechnologyAutonomous

Auto Group Backs Guidelines for Partially Automated Vehicles

DETROIT — The trade association representing most major automakers is offering guidelines for manufacturers to advertise partially automated driving systems and to make sure drivers are paying attention while using them.

April 27, 2021
BusinessTechnologyLogisticsTop 100

Amazon to Pass Walmart in Retail Sales in 2025, Report Says

Amazon.com Inc. will supplant Walmart Inc. as the biggest U.S. retailer by 2025, according to a new report, suggesting the e-commerce giant has too much momentum for Walmart to stop despite big investments in its own e-commerce offerings.

April 27, 2021
BusinessFuel

OPEC+ Sticks With Plans to Gently Hike Supply

OPEC and its allies recommended proceeding with plans to gently revive oil production as global demand recovers from the pandemic, despite surging infections in India.

April 27, 2021
BusinessTechnologyTop 100

Volume Continues to Surge at UPS to Start the Year

The continued surge of e-commerce deliveries from small and medium-sized businesses, along with the increase in deliveries of the various COVID-19 vaccines and other personal protective equipment, bolstered UPS Inc.’s first-quarter financial results.

April 27, 2021
BusinessTechnologyFuelAutonomous

Tesla Sticks to Plan to Deliver Semi This Year

Tesla Inc. reported a higher-than-expected seventh consecutive quarter of profit on strong demand for its top-selling Model 3 sedan and announced it will begin deliveries of its Tesla Semi in 2021.

April 26, 2021
BusinessTechnologyAutonomous

Lyft to Sell Autonomous-Driving Unit to Toyota for $550 Million

Lyft Inc. has agreed to sell its self-driving division to a subsidiary of Toyota Motor Corp., joining Uber Technologies Inc. in stepping back from the costly driverless vehicle research once thought to be on the verge of revolutionizing ride-hailing.

April 26, 2021
GovernmentBusinessTechnologyFuel

Biden Moves to Restore California’s Power to Fight Vehicle Pollution

The Biden administration on April 26 took a key step toward restoring California’s power to limit greenhouse gas emissions from vehicles and overturn a Trump-era policy that pitted the federal government against a state seeking to eventually ban conventional gas-powered cars.

April 26, 2021
GovernmentBusinessFuel

Average Price of Diesel Stays at $3.124 a Gallon

While diesel prices remained flat according to data released this week, experts are warning of rising prices headed into summer as a shortage of tank truck drivers threatens to tighten supplies.

April 26, 2021
BusinessLogisticsTop 100

U.S. Xpress Reports Revenue of $450M for Q1

U.S. Xpress Enterprises saw revenue and earnings growth during the first quarter of 2021, the company reported April 22.

April 26, 2021
GovernmentBusinessLogistics

Trudeau Signals Move to End Dockworkers Strike at Montreal Port

Canada is planning legislation to end a general strike at the Port of Montreal that’s bound to worsen congestion at other sites and add to global shipping delays.

April 26, 2021