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.

BusinessLogistics

Amazon Spends $131 Million for Stake in Cargo Airline ATSG

Amazon .com Inc. has scooped up a minority stake in a cargo airline that operates a portion of its fast-growing air-cargo division, the latest sign of the retailer’s long-term ambitions to expand its airfreight operations.

March 8, 2021
BusinessFuel

Workhorse Rises After Lawmaker Seeks Probe of Big Oshkosh Trade

Workhorse Group Inc. rose after a U.S. lawmaker raised questions about a $54.2 million late-day block trade in competitor Oshkosh Corp. on the eve of a blockbuster U.S. Postal Service contract award.

March 8, 2021
BusinessTechnologyFuel

In Wake of Outages, Tesla Plugs Secret Battery Into Texas Grid

The move marks Tesla Inc.’s first major foray into the epicenter of the U.S. energy economy.

March 8, 2021
BusinessTechnologyEquipmentAutonomous

Driverless Truck Startup Plus Seeks SPAC Merger

Self-driving truck startup Plus is in advanced talks with a few special purpose acquisition companies for a merger, as it seeks to bankroll its expansion in the autonomous driving industry, according to people familiar with the matter.

March 8, 2021
GovernmentBusinessFuel

European Gasoline Diverted to Texas to Ease Supply Crunch

Five gasoline tankers that were en route to the U.S. East Coast diverted to the Port of Houston to help ease a supply crunch after last month’s freeze crippled the region’s refineries.

March 8, 2021
GovernmentBusiness

Senate OKs $1.9 Trillion COVID-19 Relief Package

The U.S. Senate passed a sweeping $1.9 trillion COVID-19 relief bill March 6 that includes billions for vaccines, $1,400 direct payments to many Americans and billions for transit.

March 7, 2021
GovernmentBusinessTechnologyAutonomous

Ex-DOT Official Finch Fulton Joins Locomation

Locomation hired former U.S. Department of Transportation official Finch Fulton to serve as its vice president of policy and strategy.

March 5, 2021
Business

Big G Express Announces 6th Annual Charity Motorcycle Ride

Over-the-road trucking company Big G Express announced plans to hold its sixth annual motorcycle ride benefiting St. Jude Children’s Research Hospital on June 5.

March 5, 2021
BusinessFuel

Oil Soars Above $66, Highest in Two Years

Oil rallied to the highest in nearly two years in New York after OPEC+ shocked markets with a decision to keep supply limited as the global economy starts to recover from the pandemic-driven slump.

March 5, 2021
BusinessSafety

CVSA Cancels North American Inspectors Championship in Minnesota

The Commercial Vehicle Safety Alliance has canceled this year’s North American Inspectors Championship, which had been scheduled to take place in August in Minneapolis, the trade group announced March 5.

March 5, 2021

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