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.

GovernmentBusiness

US Economy, Trucking Industry Poised for Strong Recovery, Economists Predict

Economists predict the United States economy broadly and the trucking economy specifically are poised for a rocket-like recovery in the second half of 2021, propelled by $1.9 trillion in federal stimulus and millions of Americans who will receive COVID-19 vaccinations and return to restaurants, ballparks and theaters.

March 18, 2021
GovernmentBusinessTechnologyFuelLogistics

Elizabeth Warren, AOC Lay Down Green Transit Plan for Biden

Progressives in the House and Senate plan to set down a marker March 18 for President Joe Biden’s infrastructure plans, introducing a $500 billion proposal to shift U.S. transportation away from fossil fuels.

March 18, 2021
BusinessTechnologyEquipment

Workflow Software Could Be Part of Solution to Truck Driver Shortage

Trucking has been facing a driver shortage problem for quite some time, but workflow software could be part of the solution.

March 18, 2021
GovernmentBusiness

US Jobless Claims Unexpectedly Increase to One-Month High

Applications for U.S. jobless benefits unexpectedly rose last week, to the highest since mid-February, underscoring how the labor market is recovering in fits and starts.

March 18, 2021
BusinessTechnologyFuel

EV Maker Lordstown Dips on SEC Look at Short-Seller Claims

Electric-truck startup Lordstown Motors Corp. fell in extended trading after reporting it received an inquiry on its operations from the Securities and Exchange Commission.

March 18, 2021
BusinessTechnologyFuel

Nidec to Supply Motors for Foxconn’s Electric Vehicle Initiative

Two newcomers to the electric-vehicle market, Nidec Corp. and Foxconn Technology Group’s automobile arm, unveiled an agreement on supplying electric powertrains — the collection of components including the motor, gears and drive shaft that propel a vehicle.

March 18, 2021
BusinessTechnologyEquipment

Nikola Partner Hanwha to Sell 50% of Stake in EV Startup

Nikola Corp. is seeing another strategic partner sell down its stake as South Korea’s Hanwha Group signaled its intention to liquidate half of its holdings in the troubled electric truck startup.

March 18, 2021
BusinessLogisticsBreaking NewsTop 50

XPO Sets GXO Logistics as Name of New Spinoff Company

XPO Logistics has selected GXO Logistics as the name of the stand-alone logistics company that it will spin off from its larger operation later this year.

March 18, 2021
GovernmentBusinessEquipment

Federal Judge Sets July 2023 Court Date for Ongoing Glider Truck Dispute

The already 2-year-old civil court fight between Tennessee-based glider manufacturer Fitzgerald and the IRS is now set to drag on for at least another two years.

March 17, 2021
BusinessTechnologyFuel

Lordstown Motors Sets Debut Report Without EV Pickups to Show Off

Lordstown Motors Corp.’s first-ever quarterly report is likely to be overshadowed by broader concerns about customer demand and progress on getting production going at the electric-vehicle startup.

March 17, 2021

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