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.

BusinessTechnologyFuel

GM to Plan Third EV Plant in Big Plug-In Bet

General Motors Co. is investing more than $2 billion in six U.S. plants, including a makeover of a former Saturn plant in Tennessee into its third factory to produce electric models.

October 20, 2020
GovernmentBusinessFuel

Oil Slips With Renewed Virus Restrictions Sapping Rebound

Oil slipped as nations reimposed tighter lockdown restrictions in hopes of containing a resurgent pandemic that is depressing demand.

October 20, 2020
BusinessEquipment

Paccar Q3 Net Income, Revenue Fall Amid Signs of Rebound

Paccar Inc. reported sharply lower third-quarter net income and revenue as its aftermarket presence, financial services and rebounding truck production bolstered the results.

October 20, 2020
BusinessTechnologyLogistics

RK Logistics Accelerates Silicon Valley Expansion Plans

RK Logistics Group is accelerating its expansion into Silicon Valley with new facilities, company leadership detailed Oct. 19.

October 20, 2020
GovernmentBusiness

Stimulus Nears Election Endgame on Pelosi Deadline, Senate Vote

After months of on-again, off-again talks on an increasingly needed fiscal-stimulus package, Oct. 20 is shaping up as a do-or-die moment for Treasury Secretary Steven Mnuchin and House Speaker Nancy Pelosi to get a virus relief deal done in time for Election Day.

October 20, 2020
GovernmentBusinessFuel

Average Diesel Price Declines for Sixth Time in Seven Weeks

The national average price of diesel decreased seven-tenths of a cent, according to the Energy Information Administration’s weekly data released Oct. 19. The fall is the sixth drop in the past seven weeks.

October 19, 2020
GovernmentBusiness

Trucking Industry Touts Susan Collins’ Record in US Senate

Freight industry stakeholders in Maine and around the country are emphasizing Sen. Susan Collins’ contributions to the transportation community.

October 19, 2020
Business

US Air Passengers Exceed 1 Million for First Time Since March

The virus-ravaged airline industry reached a milestone Oct. 18, carrying more than 1 million passengers for the first time in seven months.

October 19, 2020
BusinessLogistics

TIA Appoints Anne Reinke to President, CEO Posts

Transportation Intermediaries Association has named Anne Reinke president and CEO, it was announced Oct. 16.

October 19, 2020
GovernmentBusinessSafety

Congressional Policymakers Propose Infrastructure Resilience Review Board

A seven-member independent board would recommend ways local governments could strengthen their resilience to severe weather events as part of legislation congressional policymakers unveiled this month.

October 19, 2020