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.

GovernmentBusinessTechnologyEquipmentSafetyFuel

Operational Cost of Trucking Down 9.3%, ATRI Finds

Costs associated with trucking operations have decreased, according to the American Transportation Research Institute.

November 24, 2020
BusinessTechnologyEquipmentFuelLogistics

2021 Expected to Be Pivotal Year for Commercialization of Electric Vehicles

With major truck manufacturers pushing into factory-built electric vehicles, 2021 is poised to be the year for the technology to transition from pilot testing to commercialization.

November 24, 2020
GovernmentBusinessFuel

Oil Jumps Past $45, Dow Eclipses 30,000

Oil reclaimed heights not seen since the pandemic shocked markets in the spring, with the start of the U.S. presidential transition and improved vaccine prospects infusing optimism across markets.

November 24, 2020
BusinessEquipment

Used Class 8 Truck Average Price Finally Posts Increase

Used Class 8 trucks in October notched the first monthly year-over-year increase in average price after 17 such declines, ACT Research reported. It expects the gains to continue into next year.

November 24, 2020
BusinessTechnologyLogistics

SoftBank-Led Round Values Uber-Like Truck Startup at $12 Billion

Full Truck Alliance has raised $1.7 billion from investors including SoftBank Group Corp. and Tencent Holdings Ltd., a major cash infusion for the Uber-like trucking startup ahead of a potential initial public offering.

November 24, 2020
BusinessLogisticsBreaking News

ATA Truck Tonnage Index Declines 8.7% in October

Truck tonnage in October declined a seasonally adjusted 8.7% when compared with year-ago levels, American Trucking Associations said Nov. 24.

November 24, 2020
GovernmentBusinessTechnologySafetyLogistics

Economic Outlook Bright for Holidays

Goods are pouring into ports, being delivered by trucks to warehouses and e-commerce locations, and retailers are restocking their shelves as the holiday shopping season gets into full swing. It’s also a major reason why trucking continues to outperform the overall U.S. economy.

November 24, 2020
GovernmentBusiness

US Consumer Confidence Falls as Virus Surge Dampens Expectations

U.S. consumer confidence fell in November to a three-month low as the coronavirus resurgence prompted a slide in Americans’ expectations for the economy and job market.

November 24, 2020
GovernmentBusinessFuel

NTTC, ATA Seek Approval of Electronic Documents for Hazmat Shipments

National Tank Truck Carriers and American Trucking Associations have petitioned federal hazardous materials regulators to “without delay” develop a rulemaking that would allow motor carriers to use and accept electronic shipping papers and certifications for hazmat shipments.

November 24, 2020
BusinessTechnologyAutonomous

Tesla Hits $500 Billion Mark; Musk Overtakes Gates

Tesla Inc. is smashing through records as its impending addition to the S&P 500 Index has sparked a buying frenzy among investors, pushing the company’s market valuation over the $500 billion mark for the first time on Nov. 24.

November 24, 2020