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.

GovernmentBusiness

Retrial of Former Pilot President Mark Hazelwood Is Likely, Attorney Says

Retrial of former Pilot Flying J President Mark Hazelwood, convicted of cheating truckers out of diesel fuel rebates, now appears likely, according to Hazelwood’s lead attorney.

January 7, 2021
GovernmentBusiness

Biden Taps Rhode Island Gov. Gina Raimondo as Commerce Chief, Source Says

President-elect Joe Biden has chosen Rhode Island Gov. Gina Raimondo as his nominee for commerce secretary, a person familiar with the matter said Jan. 7.

January 7, 2021
BusinessTechnologyAutonomous

Tesla’s Elon Musk Now World’s Richest Person

Elon Musk, the outspoken entrepreneur behind Tesla Inc. and SpaceX, is now the richest person on the planet.

January 7, 2021
GovernmentBusiness

Initial Jobless Claims Remain Elevated Heading Into 2021

Applications for U.S. state unemployment benefits were little changed at elevated levels in the final week of 2020, indicating the labor market remains battered with the pandemic dragging on.

January 7, 2021
GovernmentBusiness

US Trade Gap Widened to Second Biggest on Record in November

The U.S. trade deficit widened to the second largest on record in November as merchandise imports reached a more than one-year high in the midst of the holiday shopping season, causing the shortfall in goods to climb to the highest yet.

January 7, 2021
BusinessTechnologyFuel

BayoTech Receives More Equity Investment

BayoTech Inc., a developer of on-site hydrogen production systems, announced it received an equity investment of up to $157 million.

January 7, 2021
GovernmentBusiness

Democrats’ Senate Sweep in Georgia Signals Boost to Economy

Chances of another federal stimulus package got a boost as Democrats swept this week’s Senate runoff elections in Georgia, offering the prospect of more support for people and businesses hammered by the pandemic.

January 6, 2021
GovernmentBusiness

Sen. Tom Carper Urges Colleagues to Confirm Pete Buttigieg

The top Democrat on the committee on highway policy in the U.S. Senate is urging his colleagues to promptly confirm Pete Buttigieg as the country’s next transportation secretary.

January 6, 2021
GovernmentBusinessTechnologySafetyLogisticsAutonomous

FHWA Awards Grant Supporting AV Truck Project at Port of Virginia

The Federal Highway Administration recently awarded $49.6 million to support projects that incorporate transportation-related technologies.

January 6, 2021
BusinessEquipmentLogistics

The JZ Expedited Cos. Eyes Expansion of Site in Jacksonville

The JZ Expedited Cos. announced it secured a first right of refusal to develop an additional 45-acre parcel as it seeks to expand its inland marine terminal business model in Jacksonville, Fla.

January 6, 2021