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.

GovernmentBusinessFuel

Diesel Up 2Ā¢ in 12th Consecutive Increase

The Energy Information Administration reported Jan. 25 the national average price of diesel rose by two cents to $2.716 a gallon.

January 25, 2021
GovernmentBusiness

Alaska Cargo and Cold Storage Expands in Anchorage

Alaska Cargo and Cold Storage has executed with the state of Alaska a 55-year lease agreement at Ted Stevens Anchorage International Airport for a 700,000-square-foot, climate-controlled warehouse facility at the world’s sixth-busiest cargo airport.

January 25, 2021
Business

CSX Reports Lower Q4 Earnings Amid COVID-19 Pandemic

CSX Corp. reported lower fourth-quarter and annual income and revenue compared with 2019, officials for the Class I railroad said Jan. 21.

January 25, 2021
GovernmentBusinessLogistics

Biden to Approach China Relationship With ā€˜Patience,’ White House Says

President Joe Biden’s administration is approaching its relationship with Beijing with ā€œpatienceā€ and plans to review hard-line policies that were a hallmark of Donald Trump’s presidency, Press Secretary Jen Psaki said.

January 25, 2021
BusinessTechnologyFuel

DTNA, SoCal Edison, Schneider Cooperate on Electric Truck Expansion

Daimler Trucks North America announced Southern California Edison, the primary electricity supply company for much of Southern California, used a Freightliner eCascadia from DTNA to deliver an electrical transformer to a Schneider terminal in Los Angeles.

January 25, 2021
BusinessLogisticsTop 100

J.B. Hunt Reports Strong Q4, Full-Year Earnings

J.B. Hunt Transport Services reported higher earnings and revenue for the fourth quarter of 2020, but said income dipped even as revenue rose for the full year.

January 25, 2021
BusinessTechnologyLogistics

Kansas City Southern Reports Mixed Q4 Earnings

Kansas City Southern reported a higher fourth quarter and higher annual net income, but lower revenue for the period.

January 25, 2021
GovernmentBusiness

Biden ā€˜Open to Negotiate’ on Stimulus, Seeks GOP Backing

President Joe Biden said he’s open to reshaping his $1.9 trillion COVID-19 relief proposal as the administration seeks a bipartisan deal, though didn’t rule out pursuing a Democrat-only route for passage.

January 25, 2021
GovernmentBusinessSafety

Connecticut DOT Unveils $9.7 Billion Transportation Investment Plan

The Connecticut Department of Transportation released its $9.7 billion capital plan, which includes investments across various modes of transportation over the next five years.

January 25, 2021
BusinessLogistics

Shipping Container Crunch Shows Signs of Easing, Index Shows

A global shortage of shipping containers that has sent ocean freight rates skyrocketing shows signs of easing, according to an index that tracks the steel boxes used to transport 90% of the global trade in goods.

January 25, 2021