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

Deere Expected to Report Weakest Q4 Since 2020

Sales of agricultural tractors continued their decline in October, with U.S. sales falling about 14% from the previous year, the Association of Equipment Manufacturers said in a report.

November 20, 2024
BusinessEquipment

Judge Warns of Pitfalls in American Tire’s Bankruptcy Plan

The current debtor-in-possession financing plan could risk a lawsuit down the road, Judge Craig T. Goldblatt told lenders at a Nov. 19 hearing in Delaware.

November 20, 2024
GovernmentBusinessLogistics

Port Traffic Surging as Companies Rush to Beat Tariffs

Imports at the Port of Los Angeles last month totaled 462,740 20-foot-equivalent units, or TEUs. The port also handled 122,716 export containers and 319,570 empty containers in October.

November 20, 2024
BusinessTechnologyEquipment

Jaguar Rebrand Promo Shows Logo, but Where’s the Car?

NEW YORK — A promotional video for a rebrand of British luxury car brand Jaguar is being criticized online for showing models in brightly colored outfits — and no car.

November 20, 2024
GovernmentBusinessTechnologySafetyTCA

GM Opens Lab to Prevent Software Bugs in New Vehicles

WARREN, Mich. — General Motors Co. has developed a software-testing lab inside its Global Technical Center to prevent bugs from entering new vehicles and affecting customers.

November 20, 2024
BusinessEquipment

October Medium-Duty Sales Increase 5.5% From 2023

Classes 4-7 total retail truck sales for the month increased 5.5% to 20,484 units from 19,419 a year ago. Sales also increased 11.8% sequentially from the 18,316 reported in September.

November 20, 2024
GovernmentBusinessFuel

Europe, US Push for Oil Funding Curbs Deal to Outlast Trump

The EU, US and other countries are hammering out a plan to throttle tens of billions of dollars of financial support for foreign oil and gas projects before Donald Trump moves into the White House.

November 20, 2024
BusinessEquipment

Ford to Cut 4,000 Jobs in Europe

FRANKFURT, Germany — Ford says it will reduce its workforce by 4,000 in Europe and the U.K. by the end of 2027, citing the economy and weak sales of electric cars.

November 20, 2024
GovernmentBusiness

Canada Shares US Concerns About Mexican Trade With China

TORONTO — Canada’s point person for U.S.-Canada relations said she shares U.S. concerns about Mexico serving as a back door for China to import cheaper goods into the North American market.

November 20, 2024
GovernmentBusinessSafety

TIA Chides FMCSA for Overlooking Freight Fraud in Proposal

The issue of freight fraud is one that incoming TIA CEO Chris Burroughs said is getting worse, and was among key TIA priorities he outlined during a call with media.

November 20, 2024