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.

BusinessTechnologyEquipmentSafety

Trucking Companies Adapt to Coronavirus Realities

Trucking companies have been nimble in adopting changes to their operations both on the road and in the office as a result of the COVID-19 outbreak, industry executives said.

May 27, 2020
BusinessEquipment

Boeing Begins Cutting Workforce With 6,770 Layoffs in US

Boeing Co. unveiled the first and deepest of its planned job cuts, saying it would notify 6,770 employees in the U.S. this week that their positions would be eliminated.

May 27, 2020
GovernmentBusinessTechnologySafety

Most Railroads Nearing Positive Train Control Implementation

Positive train control technology is either in advanced field testing or operational on 98% of the required route miles mandated by Congress, according to an assessment.

May 27, 2020
BusinessFuel

Oil Declines From 11-Week High

Russia’s lack of support for continuing global production curbs in July punctured oil’s rally to a nearly three-month high and raised questions about OPEC+’s ability to drain a massive supply glut.

May 27, 2020
GovernmentBusinessSafety

DOT Issues TIFIA Loan for Oklahoma Expressway Project

The U.S. Department of Transportation recently announced it will provide a loan for up to $120.1 million to the Oklahoma Turnpike Authority for an expressway project in the Tulsa area.

May 27, 2020
BusinessTechnologyLogisticsAutonomous

Amazon Buying Zoox May Save $20 Billion, Put Tesla on Its Heels

Amazon .com Inc.’s talks to buy driverless vehicle startup Zoox Inc. has analysts speculating the deal could save the e-commerce giant tens of billions a year and put auto, parcel and ride-booking companies on their heels.

May 27, 2020
GovernmentBusinessSafety

Port Authority of New York, New Jersey Gets Congressional Support for Aid Request

Twenty-seven members of Congress representing the states of New York and New Jersey are asking leaders in the House and Senate to include $3 billion in relief funds for the Port Authority of New York and New Jersey in a future coronavirus financial aid package.

May 27, 2020
GovernmentBusiness

SCDOT Projects Losing Millions in Revenue Because of COVID-19

The South Carolina Department of Transportation is projecting to lose millions of dollars in revenue because of the COVID-19 pandemic’s impact on motor fuel taxes and car sales taxes, according to transportation officials.

May 27, 2020
BusinessEquipmentSafety

2020 State Truck Driving Championships Schedule

Despite the cancellation of the national competition, states remained free to make an independent decision regarding their own event. Although several chose initially to postpone, ultimately every state ended up canceling its event.

May 27, 2020
BusinessTechnologyLogistics

Target Handles Q1 Surge in Digital Volume

During its first-quarter earnings call May 20, Target Corp. said its stores helped fulfill an unexpected surge in online orders.

May 26, 2020