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.

GovernmentBusinessFuelLogistics

Oil Market Buckles Under Pressure of Pandemic’s Second Wave

Six months after the coronavirus pandemic’s initial punch, signs of a second wave are already emerging in the oil market.

September 9, 2020
BusinessTop 100

FedEx Prepares for Unprecedented Surge Ahead of Holidays

FedEx Corp. is positioning itself for what it is predicting will be an unprecedented peak holiday shipping season, the company said Sept. 8.

September 9, 2020
GovernmentBusinessSafety

FHWA Announces Availability of Tribal Projects Grants

The Federal Highway Administration announced the availability of $70 million through the Nationally Significant Federal Lands and Tribal Projects grant program Sept. 8.

September 9, 2020
BusinessLogisticsTop 50Top 100

UPS Holiday Season Hiring Will Top 100,000 Amid E-Commerce Boom

UPS Inc. said it will hire more than 100,000 seasonal workers to help handle an expected avalanche of holiday packages from online orders this year as shoppers avoid stores during the coronavirus pandemic.

September 9, 2020
GovernmentBusiness

US Job Openings Increased in July by More Than Forecast

U.S. job openings increased for a third straight month in July, consistent with a steady improvement in the labor market as the nation grinds its way forward from a pandemic-induced recession.

September 9, 2020
BusinessTechnologyLogisticsAutonomous

Walmart Tests Drone Delivery Amid Escalating Competition With Amazon

Walmart Inc. is entering the drone delivery wars, its latest move to counter Amazon.com Inc.’s dominance in e-commerce as more Americans choose to shop from home.

September 9, 2020
BusinessTechnologyEquipmentFuel

Fortistar, Paloma Dairy Partner on RNG Production to Fuel Trucks

Private investment firm Fortistar and large family-owned Paloma Dairy announced they are constructing a dairy digester facility to capture methane and produce renewable natural gas to fuel the Class 8 market, as well as for a public utility.

September 9, 2020
BusinessTechnologyEquipmentSafetyBreaking News

Omnitracs Acquires Onboard Video Firm SmartDrive

Trucking technology supplier Omnitracs has agreed to acquire SmartDrive Systems, one of the transportation industry’s largest providers of onboard cameras and video-based safety systems.

September 9, 2020
GovernmentBusinessFuel

National Diesel Average Slips by 0.6¢ to $2.435

The national average price of diesel fell by six-tenths of a cent to $2.435 a gallon, according to the Energy Information Administration. The weekly report was released Sept. 8, a day later than usual because of the Labor Day holiday.

September 8, 2020
BusinessTechnologyEquipment

Great Dane, Aurora Parts & Accessories Form Strategic Partnership

Great Dane and Aurora Parts & Accessories announced a strategic partnership combining Great Dane’s service to the goods mobility industry with Aurora’s aftermarket operational expertise, distribution services and digital platforms.

September 8, 2020