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.

GovernmentBusiness

US Jobless Claims Decline After California Resumes Reporting

The number of Americans filing for unemployment benefits fell for the third time in four weeks, suggesting the labor market is still gradually recovering while remaining far from its pre-pandemic health.

October 22, 2020
GovernmentBusinessLogistics

Senators Laud Freight Rail Industry

As they advocated for additional emergency aid for transportation stakeholders, the leadership of a Senate committee touted freight railroads’ role during the coronavirus pandemic.

October 22, 2020
GovernmentBusinessSafety

Clarified Guidance Supports Health Care Access for Cross-Border Truckers

The College of Physicians and Surgeons of Ontario has clarified its policy on treating truck drivers who cross the border from the United States into Canada for essential operations.

October 21, 2020
BusinessLogisticsTop 50Top 100

Landstar System Reports Net Income, Revenue Increase for Q3

Landstar System Inc. saw net income reach $61.9 million during the third quarter of 2020, the company reported Oct. 21.

October 21, 2020
GovernmentBusinessLogistics

Tesla, Heinz Hit Brexit Snag in UK

Household-name companies including Tesla Inc. and Kraft Heinz Co. are racing to avoid a Brexit crisis at year-end, as a shortage of customs brokers threatens their ability to move goods between Britain and the European Union.

October 21, 2020
BusinessLogistics

Top US Dealer Warns Automakers Are Missing Resupply Deadlines

AutoNation Inc., the largest U.S. car retailer, is warning new-vehicle inventories remain thin as automakers miss resupply deadlines, which may mean fewer choices and higher prices for buyers.

October 21, 2020
BusinessTop 100

Knight-Swift Posts Q3 Increases in Earnings, Revenue

Knight-Swift Transportation Holdings Inc. saw net income and revenue increase during the third quarter of 2020, the company reported Oct. 21.

October 21, 2020
GovernmentBusiness

Pelosi, Mnuchin Near a Deal, With Post-Election Vote Floated

White House Chief of Staff Mark Meadows said the goal in talks with House Speaker Nancy Pelosi is a deal on a coronavirus relief package within the next 48 hours.

October 21, 2020
BusinessTechnologyFuel

GM ‘Going Forward’ With Nikola Partnership Talks on Trucks

General Motors Co. is moving ahead in its talks with startup Nikola Corp. over a proposed partnership to make electric and fuel cell powered trucks, a senior executive at the Detroit automaker said.

October 21, 2020
BusinessLogisticsTop 50

Canadian National Reports Q3 Drop in Earnings, Revenue

For the second consecutive quarter, Canadian National Railway felt the impact of the COVID-19 pandemic when the Class I, Montreal-based railroad announced third-quarter earnings Oct. 20.

October 21, 2020