Saudi Arabia’s oil production cuts have hit the tanker market so hard that owners of the biggest vessels are effectively subsidizing cargo deliveries on the industry’s main trade route.
January 20, 2021Trucking 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.
Werner Invests in TuSimple to Spur Autonomous Trucking
Transportation and logistics provider Werner Enterprises announced it invested in TuSimple, an autonomous trucking technology company founded in 2015, and described it as an important milestone in the journey to become an environmental leader.
January 20, 2021Technology, Pandemic Reshape Industry’s Business Models, Panel Says
Advancements in technology and the impact of the coronavirus pandemic have driven major changes in trucking, a panel of experts said Jan. 19.
January 20, 2021Maryland DOT Weighs Three Proposals for Major P3
The Maryland Department of Transportation has received three proposals from teams composed of private sector firms interested in becoming the developer for major interstate improvement work.
January 20, 2021GM’s Mary Barra Boosts Stock as Tech Story Gains Credibility
All General Motors Co. CEO Mary Barra needed to hit a stock record was $27 billion and a bit of braggadocio.
January 20, 2021Anthony Levandowski Receives Trump Pardon
Outgoing U.S. President Donald Trump pardoned Anthony Levandowski, saving the engineer from more than a year in prison for stealing trade secrets from his former employer, Alphabet Inc.’s Waymo.
January 20, 2021Diesel Rises 2.6¢; Biden Stops Development of Keystone XL Pipeline
Truckers are continuing to see higher diesel prices as the nationwide cost of trucking’s main fuel rose 2.6 cents, the Energy Information Administration reported Jan. 18.
January 19, 2021Plaintiff Attorneys Often Use 'Reptile Theory' to Win Nuclear Trucking Jury Verdicts, Experts Say
In trucking accident lawsuits, the "reptile theory" is a method plaintiff lawyers have deployed in pursuit of so-called “nuclear” jury verdicts.
January 19, 2021US Automakers Plead for Government Help in Growing Chip Crisis
American automakers are asking the U.S. government to help solve a debilitating shortage of computer chips that is closing auto factories worldwide and could restrict production until the fall.
January 19, 2021Paccar, Aurora to Partner on Development of Autonomous Trucks
Paccar Inc. reached a deal with a California technology startup to develop and sell autonomous versions of two of its most popular Class 8 truck models.
January 19, 2021Trending
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