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.

BusinessFuel

Oil Falls With US Stockpile Concerns Amplifying Demand Woes

Oil declined as investors turned their focus to domestic supply, with expectations for another build in U.S. stockpiles.

July 28, 2020
BusinessTechnologyEquipmentFuel

Nikola to Launch New US Plant With Tre Cabover Model

The battery-electric cabover Nikola Tre model will be the first Class 8 off the assembly line at Nikola's manufacturing facility in Coolidge, Ariz.

July 28, 2020
BusinessTechnologyFuelAutonomous

Tesla’s ‘Mind-Boggling’ Value Leads Bernstein to Downgrade

Tesla Inc.’s soaring valuation led to a downgrade by Sanford C. Bernstein analyst Toni Sacconaghi on July 28, who said it is difficult to justify the market capitalization even using best-case scenarios.

July 28, 2020
GovernmentBusiness

US Consumer Confidence Fell in July as Expectations Slumped

U.S. consumer confidence declined in July by more than forecast as a pickup in COVID-19 cases rattled Americans’ sentiment about prospects for the economy and the job market.

July 28, 2020
BusinessTop 100

USA Truck Reports Q2 Revenue of $123.7 Million

USA Truck saw second-quarter revenue and net income decrease compared with the prior year, the company reported July 27.

July 27, 2020
GovernmentBusinessFuel

Diesel Dips for Second Consecutive Week

Diesel fell for the second consecutive week, by six-tenths of a cent to $2.427 a gallon from $2.433, the Energy Information Administration reported July 27.

July 27, 2020
BusinessLogisticsTop 100

Forward Air Invests $40 Million in Columbus Hub Expansion

Forward Air Corp. is expanding the capacity of its national hub in Columbus, Ohio, by approximately 30%, the company announced July 27.

July 27, 2020
GovernmentBusiness

Wall Street Returns to Rally; Gold Jumps to Record High

Wall Street’s rally got back on track July 27, while gold rushed to a record at the start of a week packed with potentially market-moving events.

July 27, 2020
GovernmentBusiness

New Prime Agrees to $28 Million Settlement in Contractor Dispute

Attorneys for New Prime Inc. and a potential class of 40,000 mostly independent owner-operators have agreed to settle two lawsuits, awarding the truck drivers a total of $28 million in back compensation and damages.

July 27, 2020
BusinessTechnologySafetyTop 100

Pandemic Forces Some Fleets to Furlough Drivers, but Others Have Been Quick to Hire Them

As the coronavirus pandemic took hold, it disrupted freight demand in many segments of the economy, forcing some carriers to furlough drivers while others were quick to hire those furloughed drivers as a way to swiftly onboard experienced commercial vehicle operators.

July 27, 2020