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.

GovernmentBusinessSafety

UPS Leaders Share Practices to Mobilize Against Human Trafficking

Companies’ efforts to combat human trafficking should be rooted in education and the support of leadership teams, according to executives from UPS Inc.

July 31, 2020
BusinessTechnologyLogistics

Amazon Plows Through Pandemic With Record Profit

Amazon .com Inc. justified its big investments to keep operating through the COVID-19 pandemic with sales growth and a record profit that far exceeded analysts’ estimates, showing that staying open when so many businesses were forced to close was a rare opportunity.

July 31, 2020
BusinessLogistics

XPO Reports Net Loss in Q2; Revenue Slides

XPO Logistics swung to a loss as revenue declined sharply in the second quarter because of the COVID-19 pandemic.

July 30, 2020
GovernmentBusinessTechnology

Tech Leads Stock Rebound From Lows Amid Earnings

Stocks pared losses as a rally in big technology companies tempered concern over a slow economic rebound. After the close of regular trading, Apple Inc., Amazon .com Inc., Alphabet Inc. and Facebook Inc. jumped as results crushed Wall Street estimates.

July 30, 2020
BusinessTechnologyFuel

Nikola’s Trevor Milton Says Future of Trucking Is Hydrogen-Based

Nikola Corp. founder and Executive Chairman Trevor Milton believes the hydrogen fuel cell technology that powers his company’s trucks can place Nikola at the forefront of global efforts to toughen clean-air rules while also providing a truck that meets the needs of commercial fleets.

July 30, 2020
BusinessEquipment

Year-Over-Year Average Price for Used Class 8 Trucks Drops Again

The year-over-year average price of a used Class 8 vehicle in June declined for the 14th consecutive month.

July 30, 2020
GovernmentBusiness

Q2 GDP Drops a Record 32.9%, but Trucking Holding Steady

The gross domestic product of the United States shrank a record-setting 32.9% in the second quarter, tracking closely with economists’ expectations.

July 30, 2020
BusinessTop 100

Old Dominion Profit, Revenue Fall in Q2

Old Dominion Freight Line Inc.’s profit and revenue fell in the second quarter as freight demand dropped because of the COVID-19 pandemic recession.

July 30, 2020
BusinessLogisticsTop 100

Schneider Reports Profit Rises, Revenue Dips

Schneider National saw net income increase while revenue fell during the second quarter, the truckload, intermodal and logistics services company reported July 30.

July 30, 2020
BusinessLogistics

United Air Warns Outlook Threatens One-Third of Pilot Jobs

United Airlines Holdings Inc. warned that it’s considering furloughs for as many as one-third of its nearly 12,000 pilots, citing a resurgence in U.S. coronavirus cases that’s weakened sales.

July 30, 2020