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.

GovernmentBusinessTechnologyEquipmentSafety

Simulators Hold Potential for CDL Training, Testing, Experts Say

Simulators can serve as a resource for truck driver training and testing, especially during the coronavirus pandemic, according to experts assembled for a webinar hosted by the Transportation Research Board on Nov. 6.

November 6, 2020
BusinessTop 100

Landstar VP, CFO Kevin Stout Transitions to Advisory Role

Landstar System Inc. announced that Kevin Stout ended his role as vice president and chief financial officer Nov. 2 and will become special adviser to company President Jim Gattoni.

November 6, 2020
Business

Southwest Warns Workers of First Layoffs in Company History

Southwest Airlines Co. issued notices for what could be the first involuntary furloughs in its 49-year history, after a union declined to discuss concessions aimed at cutting payroll costs.

November 6, 2020
GovernmentBusinessTechnologySafety

Transportation Leaders Call for GAO Study on 5.9 GHz Spectrum

The leadership of the Transportation and Infrastructure Committee in the U.S. House of Representatives called on the U.S. Government Accountability Office to review the safety implications stemming from the possibility of sharing the 5.9 GHz spectrum band.

November 6, 2020
BusinessTechnology

VW Poised to Sign Off on $3.7 Billion Navistar Deal

Volkswagen AG’s board is preparing to sign off on its heavy-truck unit Traton SE acquiring U.S. manufacturer Navistar International Corp., according to people familiar with the matter.

November 6, 2020
GovernmentBusinessSafety

Mississippi DOT Cautions Drivers About Log Trucks

The Mississippi Department of Transportation has issued a notice reminding drivers to stay alert for log trucks, especially as people on the road adjust to the end of daylight saving time.

November 6, 2020
GovernmentBusiness

Labor Market Extends Gains, Jobless Rate Declines to 6.9%

The U.S. labor market strengthened in October, defying expectations for more subdued gains amid an intensifying pandemic and lack of additional fiscal relief.

November 6, 2020
GovernmentBusinessLogistics

USPS Says Thousands of Mail-In Ballots May Have Gone Missing

The U.S. Postal Service on Nov. 5 told a judge that a review of processing data revealed roughly 4,250 mail-in ballots in Pennsylvania and North Carolina may have gone missing.

November 6, 2020
GovernmentBusinessSafety

New Orleans Attorney Indicted in Staged-Accident Scam

A previously unidentified New Orleans attorney alleged to be a co-conspirator in a sweeping federal investigation into staged accidents with tractor-trailers was named in a Nov. 5 federal indictment for his alleged role in the conspiracy.

November 5, 2020
BusinessLogisticsTop 50Top 100

XPO Posts Revenue Increase, Net Income Decrease in Q3

XPO Logistics Inc. saw revenue tick up and net income dip in the third quarter, and the company said business activity has bounced back from earlier downturns.

November 5, 2020