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

Workhorse Falls on Short-Seller Claim It Misled Investors

Workhorse Group Inc. shares fell briefly after a short seller published a report accusing the startup electric-vehicle manufacturer of “misleading investors” and alleging it’s unlikely to win a key contract to supply postal trucks.

October 8, 2020
GovernmentBusinessSafety

FMCSA Proposes Expanding Specialties for Military Driver Pilot Program

FMCSA is proposing to expand the military occupational specialties associated with its pilot program that allows people between the ages of 18 and 20 who possess the U.S. military equivalent of a CDL to operate trucks in interstate commerce.

October 8, 2020
GovernmentBusiness

Pelosi Says No Action on Airline Aid Without Bigger Stimulus

House Speaker Nancy Pelosi said Oct. 8 there could be no action on a stand-alone bill to aid airlines or any other sector of the economy without an agreement with the White House and Republicans on a broader economic stimulus package.

October 8, 2020
GovernmentBusiness

Louisiana Braces Itself for Hurricane Delta

Louisiana residents still recovering from the devastation of a powerful hurricane less than two months ago braced for another hit as Hurricane Delta steamed north through the Gulf on Oct. 8 after swiping Mexico’s Yucatan Peninsula.

October 8, 2020
GovernmentBusiness

US Layoffs Remain Elevated as 840,000 Seek Jobless Aid

The number of Americans seeking unemployment benefits fell slightly last week to a still-high 840,000, evidence that job cuts remain elevated seven months into the pandemic recession.

October 8, 2020
GovernmentBusinessTechnologyLogistics

Watch the Replay: Future of Freight and Supply Chain Symposium

Trucking execs from XPO Logistics, C.R. England, NFI Industries, YRC Worldwide and Transfix were among the guests featured during our Oct. 8 TT/CQ Roll Call virtual symposium, "The Future of Freight and Supply Chain Management." Watch the replay now.

October 7, 2020
BusinessFuel

Chevron Overtakes Exxon Mobil as America’s Largest Oil Company

Chevron Corp. overtook Exxon Mobil Corp. as the largest oil company in America by market value, the first time the Texas-based giant has been dethroned since it began as Standard Oil more than a century ago.

October 7, 2020
BusinessEquipment

ATA, TMC Celebrate Professional Technicians With Appreciation Week

American Trucking Associations’ Technology & Maintenance Council recognized several service professionals Sept. 26 during the inaugural National Technician Appreciation Week.

October 7, 2020
BusinessTechnologyEquipmentFuel

Hyundai Readies Fuel Cell Truck for US Market

Hyundai Motor Co. said it would expand its fuel cell truck sales efforts to the U.S. and China and significantly increase production over the coming year.

October 7, 2020
Business

Trucker Pay Increasing as Driver Shortage Grows, Industry Capacity Tightens

As capacity tightens in the trucking industry, some carriers are beginning to announce pay hikes, and some industry watchers would not be surprised to see more hikes.

October 7, 2020