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.

BusinessTechnologyAutonomousTCA

FCA, Waymo Extend Autonomous Partnership

Fiat Chrysler Automobiles and Google affiliate Waymo said July 22 they are extending their partnership in the development and testing of autonomous vehicles for commercial delivery and for future FCA products.

July 22, 2020
GovernmentBusinessFuel

Fiat Chrysler, Iveco Offices Searched in Emissions Probe

FRANKFURT, Germany — Investigators searched offices of automaker Fiat Chrysler and truck maker Iveco in Germany, Switzerland and Italy on July 22 as part of an investigation into suspected illegal manipulation of diesel emissions.

July 22, 2020
GovernmentBusiness

Pennsylvania Turnpike Commission Approves Another Toll Hike

In keeping with a decadeslong pattern, the Pennsylvania Turnpike Commission has approved a toll rate increase for 2021.

July 22, 2020
BusinessTop 100

Knight-Swift Reports Slight Profit Increase in Q2

Knight-Swift Transportation Holdings posted a second-quarter profit increase of 1.2%, but revenue declined.

July 22, 2020
GovernmentBusinessFuelLogisticsTop 100

Baker Hughes Bracing for Second Wave of COVID-19 Lockdowns

Baker Hughes Co. is bracing for a second wave of pandemic-induced lockdowns after the virus crippled economic activity around the world and compounded a historic oil bust.

July 22, 2020
BusinessTechnologyFuelTCA

VW’s EV Expansion in Tennessee Is ‘On Plan’

Walls are up enclosing Volkswagen’s new $800 million electric vehicle production site in Chattanooga, Tenn., as factory equipment is shipped in for installation, an official says.

July 22, 2020
BusinessLogistics

Canadian National Q2 Earnings Squeezed by Pandemic

Canadian National Railway is the latest Class I railroad to feel the impact of the COVID-19 pandemic.

July 22, 2020
GovernmentBusinessLogistics

DOD Re-Awards $7.2 Billion Household Goods Moving Contract

The Department of Defense has re-awarded a $7.2 billion household goods moving contract just two weeks after it had pledged to take corrective action on the contested award by two competitors.

July 22, 2020
GovernmentBusinessLogistics

US Sales of Existing °®¶¹´«Ã½s Jump 20% After 3-Month Slump

Americans stepped up their home purchases in June by a robust 20.7% after the pandemic had caused sales to crater in the prior three months. But the housing market could struggle to rebound further in the face of the resurgent viral outbreak and a shrinking supply of homes for sale.

July 22, 2020
GovernmentBusinessTechnologyFuelAutonomous

Tesla Slashes Deposit for China Customers to Just $143

Tesla Inc. lowered the deposit that buyers in China have to put down on its cars, seeking to keep sales momentum in the face of intensifying competition and reductions in the government’s electric-vehicle subsidies.

July 22, 2020