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.

BusinessLogisticsBreaking News

Tonnage Declines 8.3% Year-Over-Year in July, ATA Index Shows

Truck tonnage in July declined a seasonally adjusted 8.3% when compared with year-ago levels, and on a monthly basis was down 5.1% from June, according to ATA.

August 18, 2020
GovernmentBusinessLogistics

Postmaster General Louis DeJoy to Appear Before Senate Over Mail Delays

Backlash mounting, President Donald Trump’s embattled Postmaster General Louis DeJoy will appear Aug. 21 before the Senate to testify on mail delivery delays and service changes that lawmakers and others are warning could imperil the November election.

August 18, 2020
BusinessTechnologyEquipmentFuel

Xos Trucks Secures $20 Million in New Funding Round

Fledgling electric vehicle developer Xos Trucks Inc. completed a new round of financing, raising $20 million from a group of investors.

August 18, 2020
BusinessLogisticsTop 50Top 100

FedEx Joins UPS, USPS in Adding Fees as Holiday Delivery Surge Looms

FedEx Corp. is joining a rush to apply extra holiday fees on high-volume shippers as couriers brace for a new jump in residential deliveries during the year-end peak season.

August 18, 2020
GovernmentBusinessLogistics

US Housing Starts Surge by Most Since 2016, Permits Climb

U.S. home construction starts increased in July by more than forecast and applications to build surged by the most in three decades, indicating builders are responding to robust housing demand fueled by record-low interest rates.

August 18, 2020
GovernmentBusinessFuel

Average Price of Diesel Stays Essentially Flat at $2.427 a Gallon

The price of diesel remained essentially flat the past week, dipping one-tenth of a cent to $2.427 a gallon, the Energy Information Administration reported Aug. 17.

August 17, 2020
GovernmentBusinessFuel

US Approves Oil, Gas Leasing Plan for Alaska Wildlife Refuge

The Trump administration on Aug. 17 took another step to opening Alaska’s Arctic National Wildlife Refuge to drilling for oil and gas, potentially fulfilling a decadeslong dream for Republicans.

August 17, 2020
GovernmentBusinessTechnologySafetyAutonomous

Minnesota, Missouri, Ohio, Wisconsin DOTs Win AASHTO Awards

Transportation projects in four Midwestern states recently received awards from the American Association of State Highway and Transportation Officials.

August 17, 2020
BusinessTechnologyFuelAutonomous

Tesla Extends Rally With Market Value Nearing Consumer Giant P&G

The relentless rally in Tesla Inc. shares has driven its valuation close to the consumer product behemoth Procter & Gamble Co. as investors bet on the electric vehicle maker’s ability to dominate the automotive market of the future.

August 17, 2020
GovernmentBusiness

DeFazio Calls for Ouster of Postmaster General Louis DeJoy

Rep. Peter DeFazio, chairman of the U.S. House of Representatives’ transportation panel, is among the elected officials calling on the head of the country’s Postal Service to step down.

August 17, 2020

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