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.

BusinessTechnologyFuelAutonomous

Nikola’s Stock Selloff Accelerates as Shares Fall Below $10

Nikola Corp. shares fell April 20 to the lowest since January 2019, accelerating a selloff that has now erased all their gains since the electric-vehicle startup went public last year.

April 20, 2021
BusinessLogisticsBreaking News

March Truck Tonnage Falls 9.5% Year-Over-Year

Truck tonnage in March declined on an annual and month-to-month basis, but the year-ago decline is up against comparisons to the first month that the COVID-19 pandemic gripped the nation, said American Trucking Associations Chief Economist Bob Costello in the federation’s monthly For-Hire Truck Tonnage Index release.

April 20, 2021
BusinessTechnologyTop 100TCA

FedEx Close to a Deal to Lease Site North of Seattle

Boeing is close to finalizing a deal to transfer the lease of its Dreamlifter Operations Center at Paine Field in Everett, Wash., to air cargo carrier FedEx Corp., according to a document reviewed by the Seattle Times that outlines terms of the discussion.

April 20, 2021
BusinessEquipmentTop 100

Mullen Group to Acquire Bandstra Group

Mullen Group on April 16 signed a definitive share purchase agreement to acquire the Bandstra Group of Cos.

April 20, 2021
BusinessLogistics

CN Makes $33.7 Billion Bid for Kansas City Southern

A bidding war is breaking out for Kansas City Southern, with Canadian National Railway making a $33.7 billion cash-and-stock offer for the railway.

April 20, 2021
BusinessFuel

Oil Marks Anniversary of Crash Below Zero With Rise Toward $64

Oil rose toward $64 a barrel, a year to the day after futures for the U.S. benchmark collapsed below zero, with the world’s most important commodity extending its rally on bets for better demand.

April 20, 2021
BusinessLogistics

XPO Logistics Announces Mark Manduca as Chief Investment Officer for GXO

XPO Logistics announced Mark Manduca will become chief investment officer of its planned spinoff business, GXO Logistics.

April 19, 2021
BusinessTechnologyLogistics

KC Southern Reports Mixed Q1 Earnings

Kansas City Southern reported mixed first-quarter earnings.

April 19, 2021
GovernmentBusinessEquipmentFuel

EPA Provides Updates on Emissions Standards, SmartWay Activities

The U.S. Environmental Protection Agency expects to issue a notice of proposed rulemaking later this year aimed at establishing new emissions standards for oxides of nitrogen (NOx) and other pollutants for highway heavy-duty engines, an EPA official told the S.11 study group of the Technology & Maintenance Council of American Trucking Associations during TMC’s virtual spring meeting.

April 19, 2021
BusinessEquipment

UAW Strikes VTNA’s New River Valley Plant

Volvo Trucks North America on April 19 announced the United Auto Workers has called a strike at its New River Valley truck assembly operations in Dublin, Va.

April 19, 2021