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.

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
BusinessEquipment

Wabash Reports Q3 Earnings Decline, Prepares for Increased Demand

Trailer and truck body manufacturer Wabash National Corp. reported lower net income and revenue in the third quarter, and saw gains in its consolidated gross margin.

November 5, 2020
GovernmentBusinessTechnology

GM to Invest $1 Billion to Resurrect Pickups in Ontario

Canada’s Motor City is about to come back to life after a near-death experience threatened to end more than a century of production.

November 5, 2020
GovernmentBusiness

Infrastructure Directive Unclear as Vote Counting Continues in Trump Versus Biden

A presidential contest still without a victor leaves unanswered questions about the direction of the country’s infrastructure agenda for the next four years, and probably beyond.

November 5, 2020
BusinessTechnologySafety

Lower Your Fleet Insurance Costs with Video Telematics

In its latest survey on the top issues confronting trucking, the American Transportation Research Institute (ATRI), identified rising insurance as an emerging issue. Since 2013, per ATRI data, fleets surveyed have been walloped by insurance premium costs that have jumped over 17%.

November 5, 2020
GovernmentBusinessTechnologyFuel

EPA Recognizes 75 Freight Industry Leaders for Environmental Performance

The U.S. Environmental Protection Agency honored 75 carriers, logistics providers and freight shippers with its annual SmartWay Excellence Awards.

November 5, 2020
BusinessLogistics

Amazon Announces First Air Cargo Expansion Outside US

Amazon .com Inc. is launching air cargo operations in Europe, the online retailer’s first such expansion outside of the U.S. as it looks to bring more freight operations in-house.

November 5, 2020
GovernmentBusiness

Congressional Transportation Leaders Win Re-Election

For the top transportation decision-makers on Capitol Hill up for re-election, a majority of voters responded favorably to their campaigns, sending them back to Washington to work on an agenda that includes an update of the country’s highway and infrastructure policies.

November 5, 2020
GovernmentBusiness

751,000 Seek US Jobless Benefits as Virus Weighs on Economy

The number of Americans seeking unemployment benefits fell slightly last week to 751,000, a still-historically high level that shows that many employers keep cutting jobs in the face of the accelerating pandemic.

November 5, 2020