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.

BusinessFuel

Exxon Warns of $30 Billion Shale Writedown Amid Record Loss

Exxon Mobil Corp. warned it may take up to $30 billion in writedowns on natural gas fields as crashing energy demand and prices spurred a historic losing streak.

October 30, 2020
GovernmentBusinessTechnology

Rhode Island Trucking Company Owner Admits to Falsifying ELD Records

The owner of a Rhode Island-based trucking company has admitted to falsifying service records for approximately 20 drivers.

October 30, 2020
BusinessTechnologyAutonomous

Daimler to Take Stake in Luminar, Diversifying Autonomous Efforts

Daimler AG鈥檚 truck unit is investing in a laser-sensor startup to bolster its development of self-driving trucks in the U.S. less than a week after striking a deal to use driverless technology from a unit of Google parent Alphabet Inc.

October 30, 2020
BusinessTop 50Top 100

Forward Air Reports Lower Q3 Earnings as Pandemic Pressures Profits

Forward Air Corp. saw net income decease year-over-year in the third quarter, a result of effects driven by the pandemic, the carrier reported Oct. 29.

October 29, 2020
BusinessTop 50Top 100

Hub Group鈥檚 Q3 Earnings Lower as Pricing Issues Squeeze Profits

Hub Group reported lower third-quarter earnings as pricing issues hurt its profit margin.

October 29, 2020
GovernmentBusinessEquipment

Defense Sales Brighten Allison Q3 Results

Allison Transmission Holdings Inc. reported lower net income and revenue in the third quarter as its defense segment contributed higher sales.

October 29, 2020
GovernmentBusiness

Pelosi Wants 鈥楤ig鈥 Health Care, Infrastructure Push in 2021

House Speaker Nancy Pelosi is preparing a 2021 legislative agenda with two 鈥済reat, big initiatives鈥 鈥 expanding health care access and rebuilding American infrastructure 鈥 that are longtime Democratic priorities aligned with Joe Biden鈥檚 platform and taking on fresh urgency in the COVID-19 crisis.

October 29, 2020
BusinessTechnologyEquipment

September Used Class 8 Sales Flat

The price of the average used Class 8 sold in September neared $40,000, building on recent gains, and sales were nearly flat compared with a year earlier, ACT Research reported.

October 29, 2020
BusinessLogisticsTop 50

Echo Global Logistics Posts Higher Q3 Profit, Revenue

Echo Global Logistics posted higher third-quarter profits and revenue on the strength of freight volume.

October 29, 2020
BusinessTop 100

Saia Reports 26% Net Income Gain in Q3

Saia Inc. posted a strong gain in profit even as revenue grew modestly in the third quarter.

October 29, 2020

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