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.

GovernmentBusinessBreaking News

FMCSA Adopts Crash Accountability Program

The Federal Motor Carrier Safety Administration on May 1 announced that effective immediately it is making permanent a pilot program that will not count a crash in which a motor carrier was not at fault when calculating the carrier’s safety measurement profile. It also is expanding the types of crashes that may be considered.

May 1, 2020
Business

TravelCenters of America Reorganizes, Names Chief Information Officer

TravelCenters of America Inc. announced a companywide reorganization intended to improve operational efficiency and profitability, including the appointment of Sandy Rapp as chief information officer.

May 1, 2020
GovernmentBusiness

Manufacturing Falls in April as Virus Ravages Economy

WASHINGTON — U.S. manufacturing retreated again in April, a victim of economic fallout from the coronavirus outbreak.

May 1, 2020
GovernmentBusinessSafetyTCA

Bus Industry Seeks More Recovery Relief

WASHINGTON — Lawmakers allocated $61 billion to airlines, $25 billion to transit and $1 billion for Amtrak in the roughly $2 trillion coronavirus rescue package, but the motorcoach industry, which includes charter buses, private transit buses and passenger buses, said it has been largely ignored.

May 1, 2020
BusinessEquipment

SUVs Parked at Sea Reveal Scope of US Auto Market Glut

For the auto industry, which saw U.S. sales plunge almost 40% in March, the coronavirus crisis has left cars gathering dust on dealer lots, dealerships shuttered, auction prices slipping and tens of thousands of workers laid off or furloughed.

May 1, 2020
BusinessLogistics

U.S. Xpress Reports Net Loss, Increased Revenue

U.S. Xpress Enterprises reported an increase in revenue for the first quarter of 2020, but its bottom line swung from a profit to a loss.

May 1, 2020
BusinessFuel

Exxon Profits Drop as Most of World Stays °®¶¹´«Ã½

NEW YORK — Profits fell at ExxonMobil as the global pandemic began to erode oil demand.

May 1, 2020
BusinessLogistics

Amazon Profit Falls as Pandemic-Related Costs Rise

NEW YORK — Amazon’s sales soared in the first three months of the year, as more homebound people shopped online amid the coronavirus pandemic.

May 1, 2020
BusinessEquipment

Meritor Reports Fiscal Year Q2 Net Income Up, Revenue Down

Meritor Inc. reported fiscal second-quarter net income rose and revenue declined.

April 30, 2020
GovernmentBusinessSafety

Detroit Divided Over What It’ll Take to Make Cars Again

The safety measures that Ford Motor Co. has spent weeks preparing to resume North American production fell short of assuaging the United Auto Workers union, which could stand in the way of much of the industry’s plans to reopen.

April 30, 2020