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.

Business, Private

Walmart Boosts Outlook for 2024

NEW YORK — Walmart had another quarter of strong sales that topped almost all expectations with its comparatively low prices proving a powerful draw for millions.

August 15, 2024
Business, Logistics, For-Hire

XPO Explores Sale of European Transportation Business

XPO has revived a sale of its European transportation business, according to people familiar with the matter, almost two years since it last scrapped the attempt to divest the operation.

August 15, 2024
Business, Technology

Uber Freight Launches Major Shipping Platform Update

Building on its 2018 debut, Uber Freight Shipping has expanded beyond streamlined freight quoting, booking and tracking.

August 15, 2024
Government, Business, Technology, Fuel

Missouri Awarding Grants to Lift Biodiesel, Ethanol Output

The Biofuel Infrastructure Incentive Program, administered by MASBDA, will award grants to biofuel retailers, distributors, terminal companies or fleet operations.

August 14, 2024
Business, Equipment

Medium-Duty Truck Sales Rebound After Two-Month Decline

U.S. retail sales of medium-duty trucks in July experienced overall year-over-year gains despite mixed results across vehicle segments, according to data from Wards Intelligence.

August 14, 2024
Business, Technology, Equipment, Fuel

Westport Posts Slight Revenue Decline Amid Restructuring

The Vancouver, British Columbia-based fuel system component manufacturer posted net income of $5.8 million, or 33 cents per diluted share, for the three months ending June 30.

August 14, 2024
Government, Business, Technology

Polestar Starts US Production to Sidestep Steep EV Tariffs

Polestar Automotive Holding UK Plc has started production of its Polestar 3 sport utility vehicle in the U.S. to sidestep the nation’s tariffs on Chinese-made electric vehicles.

August 14, 2024
Government, Business, Equipment

Rheinmetall Expands in US With $950 Million Defense Deal

Rheinmetall AG is set to buy a U.S. military vehicle specialist for $950 million as the German company seeks to expand its position in the world’s largest defense market.

August 14, 2024
Government, Business

CPI Inflation Slowed Again in July

WASHINGTON — Year-over-year inflation reached its lowest level in more than three years in July, the latest sign that the worst price spike in four decades is fading and setting up the Federal Reserve for an interest rate cut in September.

August 14, 2024
Business, Equipment, Safety

FedEx Freight’s Light Conquers Pennsylvania

This summer, the one time Mike Light focused all his energy on demonstrating the full prowess of his precision-driving skills, he took home Pennsylvania’s grand champion trophy.

August 13, 2024