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.

BusinessTechnologySafety

Drivewyze Receives $60M Investment to Accelerate Growth

Trucking technology provider Drivewyze will receive $60 million in financing to help advance its growth through an agreement parent company Intelligent Imaging Systems has reached with an investment firm, according to a July 14 announcement.

July 21, 2020
BusinessTechnology

SmartHop, Tech Platform for Smaller Carriers, Secures $4.5M Seed Funding

Dispatch technology developer SmartHop has closed $4.5 million in early funding, the company announced July 21.

July 21, 2020
GovernmentBusinessFuel

Diesel Slips 0.5¢ After Six Straight Increases

After six consecutive weeks of increases, the national retail price of diesel fuel fell by five-tenths of a cent to $2.433 a gallon from $2.438 the previous week.

July 20, 2020
GovernmentBusiness

Tech Drives Indexes Higher on Wall Street After Choppy Start

Big technology companies powered stocks higher on Wall Street on July 20, extending the market’s gains after a three-week winning streak.

July 20, 2020
BusinessTechnologyAutonomous

Class 8 Trucks to Be Part of Aurora’s Autonomous Testing in Texas

Autonomous vehicle technology developer Aurora plans to launch testing of self-driving Peterbilt Class 8 trucks and smaller vehicles that can be used for package delivery in the Dallas-Fort Worth area this year.

July 20, 2020
GovernmentBusinessTCA

United Airlines Eyes Mammoth Bay Area Job Cuts

United Airlines has issued a formal notice to state officials that the air carrier intends to chop more than 6,000 jobs at San Francisco International Airport.

July 20, 2020
BusinessFuel

Chevron to Buy Noble for $5 Billion in Rare Oil-Bust Deal

Chevron Corp. agreed to buy Noble Energy Inc. for about $5 billion in shares as the oil giant looks to beef up in the Permian Basin amid the wreckage of the worst crude crash.

July 20, 2020
BusinessTechnologyEquipmentSafety

Lumileds Adds New Line of Truck Headlight Bulbs

Lumileds Holdings announced a new line of Philips MasterDuty headlight bulbs for Classes 2-8 commercial vehicles.

July 20, 2020
GovernmentBusiness

Pennsylvania Gov. Tom Wolf Unveils 27 Multimodal Projects

Pennsylvania Gov. Tom Wolf recently announced $30.2 million in funding will be dedicated to multimodal projects that are meant to improve safety and mobility.

July 20, 2020
BusinessTechnologyFuel

Nikola Plummets After Warrant Call Creates Selling Pressure

Nikola Corp. shares nosedived on July 20 as some investors will now be able to buy the company’s stock at a fraction of recent prices.

July 20, 2020

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