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.

BusinessTechnology

Uber to Reduce Workforce by 14%, Signals Further Cuts

Uber Technologies Inc. will eliminate 3,700 jobs and permanently close 180 driver service centers, the first in a series of cost-cutting measures to be announced in the next two weeks as a response to the coronavirus pandemic.

May 6, 2020
BusinessTechnologyAutonomous

Volvo Says Virus Won’t Slow Its Rollout of Self-Driving Car Tech

Volvo Car AB is grappling with plant shutdowns and layoffs, but one thing it’s not doing amid the fallout from the coronavirus pandemic is pumping the brakes on autonomous driving development.

May 6, 2020
BusinessTechnologyEquipment

Continental Transitions to KeepTruckin for ELD Services

Tire, systems and components supplier Continental said it will transition customers to an alternate electronic logging device and fleet management solution.

May 6, 2020
GovernmentBusinessTechnologySafety

NHTSA Forecasts Slight Increase in Truck Crash Fatalities for 2019

Fatalities in crashes involving at least one large truck are projected to have increased by 1% in 2019, while overall traffic fatalities are projected to see a decline, according to National Highway Traffic Safety Administration estimates.

May 6, 2020
GovernmentBusiness

Illinois DOT, Volunteers to Offer Free Meals to Truckers

The Illinois DOT is partnering with organizations to provide free meals to commercial motor vehicle operators as a gesture of appreciation to truck drivers during the COVID-19 pandemic.

May 5, 2020
GovernmentBusinessTechnologyEquipmentFuel

CARB Updates Proposal to Speed California’s Transition to Zero-Emission Vehicles

California environmental regulators have issued an accelerated plan to mandate that truck manufacturers transition a portion of their sales from heavy diesel trucks to electric zero-emission vehicles beginning in 2024.

May 5, 2020
GovernmentBusinessFuel

Oil Extends Recovery on Optimism Supply Cuts Will Trim Glut

Oil’s recovery from last month’s epic plunge accelerated as production cuts start to whittle down a supply glut and more economies ease their coronavirus lockdowns.

May 5, 2020
GovernmentBusinessSafetyLogistics

ATRI Survey Reflects Drop in Congestion, Haul Length

Lighter traffic congestion and shorter hauls are some of the outcomes from the coronavirus pandemic’s effect on trucking operations.

May 5, 2020
GovernmentBusinessTechnology

California Sues Uber, Lyft Over Alleged Labor Law Violations

California is suing ride-hailing companies Uber and Lyft, alleging they misclassified their drivers as independent contractors under the state’s new labor law.

May 5, 2020
BusinessEquipment

April Class 8 Orders Reach 25-Year Low

Class 8 orders in April sank to the lowest level since 1995, when orders went negative for two months, ACT Research reported.

May 5, 2020