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.

BusinessTechnologyEquipment

CVG Reports Q4 Net Loss, Lower Revenue

Commercial Vehicle Group Inc., a global supplier of cab-related products and systems, earlier this month reported a fourth-quarter net loss and lower revenue as the commercial vehicle and construction markets contracted, and shortly thereafter announced the appointment of a new leader.

March 23, 2020
GovernmentBusinessSafetyLogisticsTop 100

FedEx’s Fred Smith: It’s Unlikely Company Will Need Federal Help

FedEx Corp. CEO Fred Smith said during a television appearance that he doesn’t expect his company to seek assistance from the federal government to survive the economic downturn being caused by the spread of COVID-19.

March 22, 2020
GovernmentBusinessSafetyLogistics

Truck Drivers, Logistics Personnel Deemed ‘Essential’ in Security Memo

An updated guidance memo issued by the director of the Cybersecurity and Infrastructure Security Agency clearly identifies truck drivers and related logistics personnel as “essential employees†helping the nation attempt to slow the spread of the coronavirus.

March 22, 2020
BusinessFuel

Glut of Jet Fuel Is on Brink of Overwhelming Global Storage

The world is close to running out of space to store all the fuel that jets are no longer burning.

March 22, 2020
GovernmentBusinessLogistics

Ports Seek Emergency Aid as Business Plummets

The leadership of the Port Authority of New York and New Jersey is seeking $1.9 billion in federal assistance, joining the growing list of ports asking Washington for aid as the coronavirus wreaks havoc on business at those facilities.

March 22, 2020
BusinessSafetyTop 100

Walmart Plans 150,000 New Hires, Virus Testing Sites

Walmart Inc. is hiring 150,000 temporary workers and readying its parking lots for coronavirus tests as the world’s largest retailer girds itself to deal with the unprecedented challenges of the fast-spreading outbreak.

March 21, 2020
GovernmentBusiness

Dow Drops More Than 900 Points, Ending Worst Week Since 2008

Stocks sank to their worst week since the financial crisis of 2008 as traders went into full retreat out of fear that the coronavirus will plunge the U.S. and other major economies into deep recessions.

March 20, 2020
GovernmentBusiness

Transportation Leaders Call on White House for Help in Coronavirus Fight

The leaders of American Trucking Associations, FedEx Corp., UPS Inc. and the U.S. Postal Service are asking the White House to ensure that measures taken by federal, state and local governments to slow the spread of the coronavirus do not hinder their efforts to deliver needed goods to citizens.

March 20, 2020
GovernmentBusiness

States Suspend Weight Limits for Trucks Involved in Coronavirus Relief

Officials in multiple states have lifted restrictions on truck weight limits to allow delivery vehicles involved in emergency relief efforts to accommodate more freight during the coronavirus pandemic.

March 20, 2020
BusinessLogisticsTCA

With Drop in Passengers, American Airlines Starts Cargo-Only Flights

To “help keep business moving†during an unprecedented drop in demand because of the COVID-19 pandemic, the Fort Worth, Texas-based airline is sending cargo-only loads to Europe with mail, medical supplies, electronics and e-commerce packages.

March 20, 2020