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.

BusinessLogisticsBreaking News

June Tonnage Dips 1.3% Year-Over-Year

Truck tonnage in June declined 1.3% when compared with year-ago levels, but on a monthly basis surged 8.7% above May.

July 21, 2020
BusinessFuelBreaking News

Pilot Company Names Jimmy Haslam Chairman, Shameek Konar CEO Effective Jan. 1

Pilot Company announced that CEO Jimmy Haslam will be succeeded in the role by current Chief Strategy Officer Shameek Konar on Jan. 1, 2021, at which point Haslam will become chairman of the board and company founder James Haslam will be named chairman emeritus.

July 21, 2020
GovernmentBusinessTechnologyFuelLogistics

Ford, VW Electric Models May Be Delayed by Trade-Secret Fight

Ford Motor Co. and Volkswagen AG warned a swirling legal dispute between two South Korean battery suppliers could threaten their plans to start producing electric vehicles in the U.S.

July 21, 2020
Business

American Railcar Industries Changes Name to American Industrial Transport

Railcar leasing and repair company American Railcar Industries has changed its name to American Industrial Transport, the company announced July 21.

July 21, 2020
BusinessFuel

Brent Crude Rises to Four-Month High on Recovery Hopes

Oil climbed to the highest level since early March in London on July 21 as hopes for an economic recovery from the coronavirus crisis lifted financial markets.

July 21, 2020
BusinessTechnologySafety

Drivewyze Receives $60M Investment to Accelerate Growth

Trucking technology provider Drivewyze will receive $60 million in financing to help advance its growth through an agreement parent company Intelligent Imaging Systems has reached with an investment firm, according to a July 14 announcement.

July 21, 2020
BusinessTechnology

SmartHop, Tech Platform for Smaller Carriers, Secures $4.5M Seed Funding

Dispatch technology developer SmartHop has closed $4.5 million in early funding, the company announced July 21.

July 21, 2020
GovernmentBusinessFuel

Diesel Slips 0.5¢ After Six Straight Increases

After six consecutive weeks of increases, the national retail price of diesel fuel fell by five-tenths of a cent to $2.433 a gallon from $2.438 the previous week.

July 20, 2020
GovernmentBusiness

Tech Drives Indexes Higher on Wall Street After Choppy Start

Big technology companies powered stocks higher on Wall Street on July 20, extending the market’s gains after a three-week winning streak.

July 20, 2020
BusinessTechnologyAutonomous

Class 8 Trucks to Be Part of Aurora’s Autonomous Testing in Texas

Autonomous vehicle technology developer Aurora plans to launch testing of self-driving Peterbilt Class 8 trucks and smaller vehicles that can be used for package delivery in the Dallas-Fort Worth area this year.

July 20, 2020