Trucking Business News

About Business News...

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

Navistar Reports Net Loss in Fiscal Year Q1

Navistar International Corp. reported a net loss and lower revenue for its fiscal first quarter amid lower volumes as the industry continued to transition to a softer freight market.

March 4, 2020
BusinessTechnologyAutonomous

Starsky Robotics Exits Autonomous Truck Space

Starsky Robotics became the first self-driving truck startup to cease operations after raising an estimated $17 million in venture capital in 2018, then failing later to secure more investors, according to people familiar with the matter.

March 4, 2020
GovernmentBusinessTechnologySafetyTCA

Maine Panel Recommends Hiking Road Funding

AUGUSTA, Maine — A commission tasked with solving Maine’s transportation funding shortfall will recommend an immediate infusion of between $20 million and $60 million while punting a range of possible solutions to the next Legislature.

March 4, 2020
GovernmentBusinessTechnologyFuelTCA

Electric Vehicle Industry Thriving in Southern California, Report Says

California already is a world leader in the embryonic electric vehicle industry but needs more government help to flourish, according to a new report from the Los Angeles Economic Development Corp.

March 4, 2020
GovernmentBusiness

US Business Leaders Caution Against Overreacting to Virus

U.S. Chamber of Commerce officials and travel industry leaders urged businesses and consumers not to overreact to the spread of coronavirus and to take precautions while going about business as usual.

March 4, 2020
GovernmentBusiness

S.D. Transportation Commission Announces $14 Million in Bridge Grants

The South Dakota Transportation Commission recently awarded 27 grants totaling $14 million to local government agencies to support bridge preservation and replacement efforts.

March 4, 2020
BusinessTechnologyFuel

Ford Plans Electric Version of Transit Cargo Van

Ford Motor Co. plans to manufacture an electric version of its popular Transit cargo van for the 2022 model year.

March 3, 2020
Business

Trash Hauler GFL Slides on Trading Debut Amid Market Turmoil

GFL Environmental Inc. fell in its trading debut after raising $1.425 billion in the largest Canadian initial public offering in almost six years.

March 3, 2020
GovernmentBusiness

Oil Clinches Gain After OPEC+ Committee Recommends Supply Cut

Oil advanced for a second day after an OPEC+ committee recommended a larger supply cut to offset lost demand from the spread of the coronavirus.

March 3, 2020
GovernmentBusinessTechnologySafetyFuel

Exxon Outlines Steps to Reduce Harmful Methane Emissions

NEW YORK — ExxonMobil on March 3 outlined how it is reducing the methane its operations release into the atmosphere, detailing its efforts as governments around the globe write new rules to regulate the harmful greenhouse gas.

March 3, 2020