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.

BusinessTechnologyEquipment

Class 8 Orders Spike in October

Preliminary net Class 8 orders for October, typically a bellwether month, were nearly 40,000 and the highest in 24 months, ACT Research reported.

November 5, 2020
GovernmentBusinessTechnologyFuel

VW CEO Diess Says Existential Electric Race Awaits After Pandemic

Volkswagen AG CEO Herbert Diess vowed to pursue a sweeping transition to electric cars, declaring it a matter of survival even as the coronavirus risks upending business in the near term.

November 5, 2020
BusinessTechnologyFuel

Volvo Plans to Sell First Heavy-Duty Electric Trucks in December

Volvo Trucks North America announced it will begin selling its Volvo VNR Electric model Dec. 3 as production at its New River Valley manufacturing plant in Dublin, Va., is slated for early 2021.

November 5, 2020
GovernmentBusinessTechnologySafety

CVSA Issues Bulletin to Mitigate False Inspection Violations From ELD Data Transfers

Technical issues that have been causing problems with the transfer of data from electronic logging devices to equipment used by roadside inspectors to check drivers’ hours-of-service records are the subject of a bulletin issued by the Commercial Vehicle Safety Alliance and are being studied by a pair of industry vendors.

November 5, 2020
GovernmentBusiness

Stocks, Bonds Rally as Election Bets Retooled

After a wild election night sowed confusion across U.S. markets, investors frantically bid up stocks Nov. 4, sending major averages to the biggest rallies in five months, as they grew more confident that the tightly contested outcome would ensure key elements of the bull market remain intact for years to come.

November 4, 2020
GovernmentBusiness

Judge ‘Shocked’ at Postal Service, May Order DeJoy to Testify

Postmaster General Louis DeJoy may have to testify under oath about his agency’s failure to follow court orders to avoid delivery disruptions for mail-in ballots during the election.

November 4, 2020
GovernmentBusinessSafety

Arkansas Approves Sales Tax; Rideshare Drivers Score Win in California

Although the next occupant of the White House remained unclear the day after the election, certain transportation-related issues were definitively settled at the state level Nov. 3.

November 4, 2020
GovernmentBusiness

House Transportation Chairman Peter DeFazio Wins Re-Election

Rep. Peter DeFazio beat back political newcomer Alek Skarlatos’ challenge to win another term as the federal legislator in Oregon’s 4th District.

November 4, 2020
BusinessTechnologyFuelLogisticsAutonomousTop 50Top 100

Ryder Looks to Advance Tech With Venture Capital Fund

Ryder System Inc. is working to advance its technology and forge new partnerships with the launch of its corporate venture capital fund, the company detailed Nov. 2.

November 4, 2020
BusinessTechnologyEquipment

Ford’s October Sales Fall as F-150 Factory Retooling Takes Toll

Ford Motor Co.’s U.S. sales fell 6.1% in October, dragged down in part by a factory overhaul to produce the redesigned version of its top-selling F-150 pickup.

November 4, 2020