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.

BusinessEquipment

Cummins, Navistar Extend Engine Partnership

Independent engine maker Cummins Inc. and Navistar International Corp. announced Cummins will be the preferred supplier of Navistar’s medium-duty and heavy-duty big bore engines in its International trucks and IC buses in the U.S. and Canada.

August 11, 2020
BusinessFuel

Occidental’s Lone Rig Shows Downfall of Permian Basin Oil Giant

Occidental Petroleum Corp. will have just a single oil rig in the Permian Basin in the second half of the year, illustrating the scale of the shale industry’s pullback and the company’s debt woes.

August 11, 2020
GovernmentBusinessSafety

Boeing’s 2020 Gets Worse as Lost Max Orders Top 400

Boeing Co.’s lousy year got even worse in July, as lost orders for the grounded 737 Max topped 400 and the coronavirus pandemic stymied shipments of the 787 Dreamliner.

August 11, 2020
GovernmentBusinessTechnologyEquipmentFuel

Caltrans Turns to Recycled Bottles for Repaving Project

The California Department of Transportation is repaving a segment of a state highway using only recycled materials in a pilot project.

August 11, 2020
BusinessEquipment

CVG Reports Q2 Net Loss, Lower Revenue

Commercial Vehicle Group Inc. reported a second-quarter net loss and a decline in revenue as end markets contracted in a difficult quarter marked by the coronavirus pandemic.

August 11, 2020
BusinessTechnologyAutonomous

Hyundai, Aptiv Dub Autonomous Venture ‘Motional,’ Increase Hiring

Hyundai Motor Group and Aptiv Plc are giving their $4 billion autonomous-driving joint venture a new name and going on a hiring spree to stay competitive in the race to develop self-driving cars.

August 11, 2020
Business

GM’s CFO Resigns to Join Fintech Startup Stripe

General Motors Co.’s chief financial officer is stepping down after two years to take a job at a financial technology company in an unexpected move prompting the automaker to appoint an acting successor.

August 11, 2020
Business

Hertz Seeks Bankruptcy Loan as Car Rental Volume Slowly Recovers

Hertz Global Holdings Inc. is seeking debtor-in-possession financing more than two months after filing for Chapter 11 protection, reflecting the reality that it still faces trouble ahead if travel doesn’t bounce back.

August 11, 2020
GovernmentBusinessTechnology

Geotab Updates App to Help Drivers Navigate Pandemic

Geotab launched a free add-in to its driver mobile app to help truckers navigate the coronavirus landscape, the company announced Aug. 6.

August 11, 2020
GovernmentBusiness

California Judge Rules Uber, Lyft Drivers Are Employees

SACRAMENTO, Calif. — A judge on Aug. 10 ordered ride-hailing giants Uber and Lyft to treat their California drivers as employees instead of independent contractors, but the ruling won't take effect right away as both companies said they will immediately appeal to a higher court.

August 11, 2020