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.

BusinessTechnologyFuel

Vnomics Expands Fuel Optimization Solution to Telematics Systems

Vnomics Corp. is expanding its fuel-optimization product offerings to fleets with telematics systems, the company announced May 27.

May 29, 2020
GovernmentBusinessFuel

Saudi Oil Flood to China Persists Despite Historic Cuts

An early look at Saudi Arabia’s crude exports for May shows that historic production cuts have done little to squelch the kingdom’s flood of oil to China, which is just getting back on its feet from the coronavirus.

May 29, 2020
BusinessEquipment

European Auto Industry Buckling Up for at Least 35,000 Job Cuts

The extent of the devastation wrought on the European car industry by the coronavirus pandemic came into sharp focus May 29 when a sampling of major vehicle and parts manufacturers from France to Sweden revealed plans for at least 35,000 job cuts.

May 29, 2020
BusinessTechnologyLogistics

Uber-Grubhub Deal Hinges on Breakup Fee, Sources Say

Uber Technologies Inc. and Grubhub Inc. are haggling over a breakup fee after nearing an agreement on a merger price, according to people familiar with the matter.

May 29, 2020
GovernmentBusiness

US Consumer Spending Plunges While Stimulus Boosts Incomes

U.S. consumer spending, which accounts for about two-thirds of the world’s largest economy, plunged in April by the most on record after the coronavirus pandemic halted purchases of all but the most essential goods and services.

May 29, 2020
GovernmentBusinessLogistics

GSA to Expand California’s Busiest Truck Checkpoint

The General Services Administration is preparing to start work on an expansion project for the Otay Mesa Land Port of Entry, California’s busiest border crossing point for commercial trucks.

May 29, 2020
GovernmentBusinessSafetyFuel

Driving Hasn’t Found Its New Normal Yet, NHTSA Data Shows

Memorial Day weekend, the typical start of the U.S. summer driving season, has come and gone. Data on just how much driving Americans did is trickling in, and it’s a bit noisy.

May 28, 2020
GovernmentBusiness

New Economic Data Show How Deep and Fast Recession Began

Just how deep and swift the U.S. economy’s plunge into a recession has been since the coronavirus pandemic hit the nation was evidenced by a number of reports, including that millions continued to apply for unemployment benefits.

May 28, 2020
GovernmentBusiness

New Jersey Highway Tolls to Rise up to 36%

Tolls on three major New Jersey highways will rise by as much as 36% after Gov. Phil Murphy declined to use his veto power over authorities that approved the increases, effectively allowing them to take place.

May 28, 2020
BusinessTechnologyEquipmentTop 100

April Used Truck Prices Post Sharp Decline

Used Class 8 pricing fell for the 12th consecutive month compared with a year earlier, down 22% for the largest drop in that extended period, ACT Research reported.

May 28, 2020