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.

GovernmentBusinessLogistics

Dockworker Lockout Begins at Canada’s Largest Ports

Dock employers in British Columbia shut out workers Nov. 4 after a union’s strike notice, bringing trade to a halt across Canada’s busiest and third-busiest ports.

November 4, 2024
GovernmentBusinessLogistics

US South Set to Surpass Canada in Lumber Production

The shift reflects how a key Canadian resource sector has declined due to U.S. duties and other challenges, including wildfires, land-use regulation and insect infestations.

November 4, 2024
BusinessTechnologyEquipmentFuel

Allison Q3 Profit Surges 26.6% on Vocational Truck Demand

Allison Transmission’s profit in the third quarter jumped 26.6% on the back of demand for Class 8 vocational trucks in North America, with executives saying it shows no sign of slowing down.

November 4, 2024
GovernmentBusinessTechnologySafety

New Jersey Gets $2M FMCSA Grant to Start Mobile CDL Testing

FMCSA gave New Jersey a $2 million federal roadway safety grant to pay for new state motor vehicle mobile units to bring commercial driver license tests to rural areas.

November 4, 2024
GovernmentBusinessFuel

Big Oil Chiefs See Middle East, China as Top Concerns

Escalating tensions in the Middle East and U.S. relations with China pose the greatest concerns for Big Oil, according to some of the industry’s top executives.

November 4, 2024
GovernmentBusinessSafety

NHTSA Ends Investigation Into Ford Engine Failures

DETROIT — NHTSA has ended a 2½-year investigation into Ford engine failures after the company replaced engines or extended the warranty on some vehicles.

November 4, 2024
BusinessLogisticsFor-HirePrivateGlobal Freight

Retailers Offer ‘Returnless Refunds’ to Reduce Shipping Fees

Returnless refunds are a tool that more retailers are using to keep online shoppers happy and to reduce shipping fees, processing time and other ballooning costs from returned products.

November 4, 2024
BusinessFuel

OPEC Extends Oil Output Cuts Until the End of December

Saudi Arabia and allied oil producing countries said Nov. 3 they would postpone a plan to gradually increase oil output until the end of the year, extending their output cuts by one month.

November 4, 2024
BusinessTechnologyLogistics

C.H. Robinson Automates Freight Email Transactions With AI

C.H. Robinson Worldwide has developed artificial intelligence that automates every step along a freight shipment life cycle that uses email, the company announced Oct. 31.

November 1, 2024
BusinessEquipment

Guide To Boosting Technician Efficiency

The kind of revenue your shop brings in is almost entirely dependent on the efficiency of your techs. Time is, after all, money. Learn some strategies that you can implement to boost your tech efficiency. 

November 1, 2024