Trucking Business News

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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

Trump Allows Some Unemployment Pay, Defers Payroll Tax

BEDMINSTER, N.J. — Seizing the power of his podium and his pen, President Donald Trump on Aug. 8 moved to bypass the nation’s elected lawmakers as he claimed the authority to defer payroll taxes and extend an expired unemployment benefit after negotiations with Congress on a new coronavirus rescue package collapsed.

August 8, 2020
GovernmentBusinessSafety

Ringleader Pleads Guilty in Connection With Staged La. Accidents

The ringleader of a New Orleans-area group that staged accidents with unsuspecting tractor-trailer drivers has pleaded guilty for his role in the conspiracy.

August 7, 2020
BusinessLogisticsTop 50

Americold Posts Q2 Gains in Earnings, Revenue

Americold Realty Trust reported improved net income and revenue for the second quarter.

August 7, 2020
BusinessTechnologyTop 50

XPO Connect Adds Functions Inspired by COVID-19 Trends

XPO Logistics added last-mile capabilities to its digital freight platform in response to consumer trends since the coronavirus pandemic began, the company said Aug. 5.

August 7, 2020
GovernmentBusiness

Mnuchin Says Trump to Take Executive Action as Stimulus Talks Stall

Treasury Secretary Steven Mnuchin said he’ll recommend President Donald Trump move ahead with executive action on unemployment aid, evictions and student loans after another round of negotiations with Democrats on a virus relief plan ended without any agreement.

August 7, 2020
GovernmentBusinessEquipment

Allison Earnings, Revenue Fall Amid Pandemic Disruptions

Allison Transmission Holdings Inc. reported second-quarter net income and revenue were sharply lower after the novel coronavirus pandemic upended supply chains and demand.

August 7, 2020
GovernmentBusinessLogistics

USPS Loses $2.2 Billion in 3 Months as Virus Woes Persist

The U.S. Postal Service says it lost $2.2 billion in the three months that ended in June as the beleaguered agency — hit hard by the coronavirus pandemic — piles up financial losses that officials warn could top $20 billion over two years.

August 7, 2020
BusinessLogistics

UPS to Levy Holiday Surcharges as °®¶¹´«Ã½ Deliveries Climb

United Parcel Service Inc. will apply hefty surcharges on its biggest customers during the holiday peak season to help manage an avalanche of residential deliveries spurred by the coronavirus pandemic.

August 7, 2020
GovernmentBusiness

Oregon DOT Surveys Public on I-205 Tolls

The Oregon Department of Transportation is accepting public comment on the potential use of tolls on a portion of Interstate 205.

August 7, 2020
BusinessLogistics

Supply Chain Risk Grows as Weary Crews Halt Ships and Clog Ports

A new risk to global supply chains is emerging as exhausted seafarers stuck offshore for months halt work, a breaking point caused by restrictions on crew changes amid coronavirus precautions.

August 7, 2020