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.

BusinessEquipment

Meritor Posts Fiscal Q3 Loss, Steep Revenue Decline

Meritor Inc. reported a net loss and a broad decline in revenue in its fiscal-year third quarter amid decreased customer demand.

July 30, 2020
BusinessEquipment

Dana Reports Q2 Net Loss, Steep Drop in Revenue

Dana Inc. reported a net loss and sharp decline in revenue in the second quarter as its global business segments adjusted to unprecedented conditions in the midst of the novel coronavirus pandemic.

July 30, 2020
BusinessLogistics

Walmart Is Eliminating Hundreds of Corporate Jobs

Walmart Inc. has eliminated hundreds of corporate positions, according to people familiar with the matter, as retailers around the country slim down at the back-office level.

July 30, 2020
BusinessLogisticsTop 50Top 100

Ryder Steps in as Amazon Restricts Third-Party Sellers

Ryder System Inc. is positioning itself to fill a major void left by Amazon.com Inc. after the online retail giant announced it will restrict warehouse space for third-party sellers.

July 30, 2020
GovernmentBusiness

US Economy Shrank at Record-Breaking 33% Rate Last Quarter

The U.S. economy shrank at a dizzying 32.9% annual rate in the April-June quarter — by far the worst quarterly plunge ever — when the viral outbreak shut down businesses, throwing tens of millions out of work and sending unemployment surging to 14.7%, the government said July 30.

July 30, 2020
BusinessLogisticsTop 100

Werner Reports Q2 Revenue of $569 Million

Werner Enterprises reported declines in second-quarter revenue and net income during what the company’s leader said was one of the toughest business environments it has ever confronted.

July 30, 2020
GovernmentBusinessSafety

House Lawmakers Examine FEMA’s Disaster Response Policies

The COVID-19 pandemic prompted several congressional transportation leaders to examine the Federal Emergency Management Agency’s ability to assist citizens during events that impede access to freight and passenger corridors.

July 30, 2020
GovernmentBusinessTechnologySafety

FBI Warns Truckers That Hackers Could Target ELD Data

The FBI issued a cautionary notice warning truckers that cyber criminals could target electronic logging device vulnerabilities as a means of seizing business information, but industry experts note that hackers have as yet not found a way to crack into ELD data.

July 30, 2020
Business

ArcBest Reports Lower Q2, Midyear Earnings Because of COVID-19

ArcBest turned a second-quarter profit, albeit considerably lower than the year-ago level because of the COVID-19 pandemic, the Fort Smith, Ark., carrier announced July 29.

July 29, 2020
BusinessTop 50Top 100

Ryder Posts Q2 Net Loss, Revenue Decline

A net loss and a drop-off in revenue marked Ryder System Inc.’s second-quarter results.

July 29, 2020

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