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.

GovernmentBusinessSafety

Biden’s Transportation Aid in COVID-19 Package on Congressional Radar

The incoming administration is calling on Congress to approve emergency aid for transportation programs as part of a $1.9 trillion pandemic relief package.

January 19, 2021
Business

Navigating the Driver Shortage

The latest economic report from ATA estimates the driver shortage to be over 60,000. What role has the pandemic played? Older drivers chose to retire while potential drivers found licensing difficult with the closure of state motor vehicles offices. The launch of the Drug & Alcohol Clearinghouse database also impacted the number of drivers on the road.

January 19, 2021
GovernmentBusinessTechnologyFuel

Spending on Global Energy Transition Hits Record $500 Billion

The world spent a record $501.3 billion in 2020 on renewable power, electric vehicles and other technologies to cut the global energy system’s dependence on fossil fuels.

January 19, 2021
BusinessTechnologyEquipmentTop 100

More Fleets Are Utilizing Remote Diagnostics

A growing number of motor carriers are taking advantage of remote diagnostics to streamline vehicle maintenance and reduce downtime, but fleets must know how to filter through the data to use this information effectively.

January 19, 2021
GovernmentBusiness

Yellen Says Aid to Jobless, Small Firms ā€˜Biggest Bang’ for Buck

Janet Yellen told lawmakers Jan. 19 that help for the unemployed and small businesses would provide the ā€œbiggest bang for the buckā€ as she made the case for President-elect Joe Biden’s $1.9 trillion COVID-19 relief plan.

January 19, 2021
BusinessTechnologyFuel

Rivian Reportedly Reaches $27.6 Billion Value on New Funds

Rivian Automotive Inc., the electric-truck startup backed by Amazon .com Inc. and Ford Motor Co., raised $2.65 billion in new funding from a group of investors led by T. Rowe Price Group Inc.

January 19, 2021
BusinessLogisticsTop 50Top 100

Incoming CEO of XPO Spinoff Company Outlines Plans

Malcolm Wilson shared his hopes and plans Jan. 15 for when he becomes the first CEO of a new company splitting from XPO Logistics Inc.

January 19, 2021
BusinessLogisticsBreaking News

Truck Tonnage Surges in December to First Year-Over-Year Gain Since March

Trucking closed the tumultuous year of 2020 on an upswing, as truck tonnage in December rose a seasonally adjusted 2.3% year-over-year and jumped 7.4% compared with November in the strongest month-over-month gain since summer, American Trucking Associations reported.

January 19, 2021
BusinessTechnologyAutonomous

GM, Microsoft Lead $2 Billion Funding Round for Cruise

General Motors Co. and Microsoft Corp. are leading a $2 billion investment round in self-driving car startup Cruise in a deal that will bring the software giant’s cloud and edge-computing capabilities to the venture.

January 19, 2021
BusinessTechnologySafetyLogisticsAutonomous

Kodiak Begins Regular Disengage-Free Autonomous Deliveries

Kodiak Robotics Inc. announced trucks equipped with its Kodiak Driver autonomous system have begun making regular disengage-free customer deliveries on the middle-mile route on Interstate 45 between Dallas-Fort Worth and Houston.

January 19, 2021