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.

BusinessTechnologyEquipmentSafety

Isaac Introduces Analytics Platform and First AI Features

DALLAS — In-cab technology supplier Isaac Instruments is rolling out a new analytics platform and its first set of features powered by AI to help fleets derive more value from their data.

October 24, 2024
BusinessEquipment

US Trailer Orders Drop 61% in September

Preliminary net data shows 12,100 trailer orders for the month, up 57.1% from August. But results continue "to bear witness to our expectations of weaker demand," ACT Research said.

October 24, 2024
BusinessTechnology

German Flying Taxi Firm Lilium May File for Insolvency

Lilium NV said its main subsidiaries may be forced to file for insolvency proceedings within days as the electric flying taxi firm struggles to raise enough funding to continue operations.

October 24, 2024
GovernmentBusinessSafetyLogistics

PHMSA Proposes Easing Burdens for Tank Truck Drivers

PHMSA said the proposed rule, announced earlier this month, would provide nearly $100 million in annual cost savings for businesses and consumers.

October 24, 2024
BusinessTechnology

China’s CATL Unveils Battery Designed for Hybrid Vehicles

China’s Contemporary Amperex Technology Co. on Oct. 24 unveiled a new battery designed for hybrid vehicles in an effort to wean more drivers off gasoline-guzzling cars.

October 24, 2024
BusinessGlobal Freight

SF Express Is Said to Target Second Listing in Hong Kong

SF Holding Co., China’s biggest express delivery company, is targeting a second listing in Hong Kong at the end of next month that could raise about $1 billion.

October 24, 2024
BusinessFor-Hire

UPS Sees Profit Growth for First Time in Nearly Two Years

UPS Inc. posted a year-over-year increase in revenue during the third quarter of 2024 despite challenging market conditions, the company reported Oct. 24.

October 24, 2024
BusinessLogistics

Union Pacific’s Profit Grows 9%

OMAHA, Neb. — Union Pacific’s third-quarter profit grew 9% as the railroad delivered 6% more freight and continued to raise prices and streamline its operations.

October 24, 2024
GovernmentBusinessLogistics

Clark Beverage to Open Distribution Facility in Kentucky

C.C. Clark will invest $129 million to build a corporate headquarters as part of a new 300,000-square-foot distribution center along Kentucky’s Interstate 65 corridor.

October 23, 2024
BusinessTechnologyFuelAutonomous

Tesla Stock Rises After Q3 Earnings Beat Estimates

The company on Oct. 23 reported adjusted earnings of 72 cents per share for the quarter, above the average analyst estimate.

October 23, 2024