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.

GovernmentBusinessTechnologyEquipmentFuel

Caltrans Turns to Recycled Bottles for Repaving Project

The California Department of Transportation is repaving a segment of a state highway using only recycled materials in a pilot project.

August 11, 2020
BusinessEquipment

CVG Reports Q2 Net Loss, Lower Revenue

Commercial Vehicle Group Inc. reported a second-quarter net loss and a decline in revenue as end markets contracted in a difficult quarter marked by the coronavirus pandemic.

August 11, 2020
BusinessTechnologyAutonomous

Hyundai, Aptiv Dub Autonomous Venture ‘Motional,’ Increase Hiring

Hyundai Motor Group and Aptiv Plc are giving their $4 billion autonomous-driving joint venture a new name and going on a hiring spree to stay competitive in the race to develop self-driving cars.

August 11, 2020
Business

GM’s CFO Resigns to Join Fintech Startup Stripe

General Motors Co.’s chief financial officer is stepping down after two years to take a job at a financial technology company in an unexpected move prompting the automaker to appoint an acting successor.

August 11, 2020
Business

Hertz Seeks Bankruptcy Loan as Car Rental Volume Slowly Recovers

Hertz Global Holdings Inc. is seeking debtor-in-possession financing more than two months after filing for Chapter 11 protection, reflecting the reality that it still faces trouble ahead if travel doesn’t bounce back.

August 11, 2020
GovernmentBusinessTechnology

Geotab Updates App to Help Drivers Navigate Pandemic

Geotab launched a free add-in to its driver mobile app to help truckers navigate the coronavirus landscape, the company announced Aug. 6.

August 11, 2020
GovernmentBusiness

California Judge Rules Uber, Lyft Drivers Are Employees

SACRAMENTO, Calif. — A judge on Aug. 10 ordered ride-hailing giants Uber and Lyft to treat their California drivers as employees instead of independent contractors, but the ruling won't take effect right away as both companies said they will immediately appeal to a higher court.

August 11, 2020
GovernmentBusinessEquipmentSafety

CVSA's International Roadcheck Rescheduled for Sept. 9-11

The postponed International Roadcheck event has been rescheduled for Sept. 9-11, the Commercial Vehicle Safety Alliance announced Aug. 10.

August 10, 2020
BusinessLogisticsTop 100

Canadian Carrier Fastfrate Group Acquires Bestway

Less-than-truckload and logistics company Fastfrate Group has acquired cross-border carrier Bestway Cartage Limited and Bestway Global Limited, Fastfrate announced Aug. 10.

August 10, 2020
BusinessEquipment

Dana Launches Spicer ReadyPack

Dana Inc. introduced its new Spicer ReadyPack preassembled kits for its most popular commercial vehicle driveshafts, coupling shafts and inter-axle shafts.

August 10, 2020

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