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.

GovernmentBusinessFuel

Diesel Nudges Up 0.4¢ to $2.39 a Gallon for First Rise This Year

The nationwide average price of diesel fuel increased by about half a penny, the U.S. Energy Information Administration reported May 26, ending a streak of 19 consecutive weekly price decreases.

May 26, 2020
BusinessTechnology

Omnitracs, McLeod Extend Partnership

Fleet management solutions company Omnitracs has extended its partnership with transportation management provider McLeod Software.

May 26, 2020
GovernmentBusinessSafety

House, Senate Lawmakers Propose Essential Workers Fund

Legislation that would compensate essential workers who became ill or died from COVID-19 while performing their services was recently introduced by Senate Democrats.

May 26, 2020
GovernmentBusiness

Steny Hoyer Says House, Senate Close on PPP Loan Extension

House Majority Leader Steny Hoyer said the House and Senate should be able to quickly agree on changes to the Small Business Administration’s popular Paycheck Protection Program to give loan recipients more flexibility in using funds.

May 26, 2020
BusinessFuel

Oil Rallies With Producers Showing Confidence by Hiking Prices

Oil’s recovery from its historic crash last month is barreling ahead, with some OPEC producers displaying signs of confidence that the market is stabilizing.

May 26, 2020
GovernmentBusinessEquipmentSafety

FMCSA to Immediately Expand Remote Carrier Compliance Reviews During Pandemic

The Federal Motor Carrier Safety Administration has announced plans to immediately expand the use of remote motor carrier safety compliance reviews during the COVID-19 pandemic.

May 26, 2020
BusinessSafety

Bell Rings Again at New York Stock Exchange as Floor Reopens

The trading floor of the New York Stock Exchange reopened for the first time in two months with Gov. Andrew Cuomo ringing the iconic bell, but the controlled chaos was more subdued May 26 under new pandemic rules.

May 26, 2020
BusinessSafetyLogisticsTop 50Top 100

Last-Mile Delivery Fleets Navigate Challenges of COVID-19 Pandemic

Last-mile fleets such as FedEx, Amazon, XPO and UPS have been dealing with a spike in demand while also implementing safety protocols to protect employees and customers.

May 26, 2020
GovernmentBusiness

Hertz Files for Bankruptcy After Rental Car Demand Vanishes

Hertz Global Holdings Inc., the rental car company founded with a dozen Ford Model Ts more than a century ago, filed for bankruptcy late May 22 after sweeping travel restrictions and the global economic collapse destroyed demand for its vehicles.

May 26, 2020
BusinessLogistics

Amazon Prime Air Could Surge to 200 Jets From 42, Study Says

Amazon .com Inc.'s Prime Air fleet will grow to about 200 planes — up from 42 now — in the next seven or eight years, creating an air cargo service that could rival UPS Inc., according to a study.

May 26, 2020