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.

BusinessLogistics

CSX Profit Slips Amid Baltimore Bridge Collapse Response

CSX railroad’s second-quarter profit slipped 2% as it scrambled to respond to the Baltimore bridge collapse in March that disrupted coal exports.

August 6, 2024
BusinessFuel

Lucid Gains After EV Maker Secures $1.5 Billion Lifeline

Lucid Group will get a cash infusion of as much as $1.5 billion from an affiliate of Saudi Arabia’s Public Investment Fund, the second time this year the EV maker has received much-needed funding.

August 5, 2024
GovernmentBusinessLogistics

Senate Greenlights Its Version of Water Infrastructure Act

In a show of bipartisanship, senators voted to inject billions into the nation’s ports, dams and canals, passing a sweeping water infrastructure bill.

August 5, 2024
BusinessEquipmentSafety

Road to NTDC Spotlight: Old Dominion Coming In Strong

Old Dominion Freight Line's Virginia team is enthused about its chances competing at the National Truck Driving Championships in Indianapolis, and for good reason. 

August 5, 2024
GovernmentBusinessSafety

Houthis Resume Red Sea Attacks After Two-Week Pause

DUBAI, United Arab Emirates — A missile attack by Yemen’s Houthi rebels struck a Liberian-flagged containership traveling through the Gulf of Aden, authorities said Aug. 4.

August 5, 2024
BusinessTechnologyAutonomousTCA

Aurora Raises $483 Million From Public Offering

Aurora Innovation raised $483 million in a public stock offering this week as the autonomous trucking company looks to fund operations beyond its commercial launch later this year.

August 5, 2024
GovernmentBusinessTechnologyAutonomous

US Reportedly Moves to Ban China Software in Autonomous Cars

The U.S. may propose barring Chinese software in autonomous vehicles in coming weeks amid security concerns, according to Reuters.

August 5, 2024
GovernmentBusiness

Nationwide Transport Stages Opening in Missouri

Nationwide Transport, a $5.2 million trucking startup, staged its grand opening in La Grange, Mo., in a facility located along the Mississippi River banks on the state’s northeastern border opposite Illinois.

August 5, 2024
BusinessFor-Hire

ArcBest Q2 Profit Climbs on LTL Margin, Price Increase

Profit at ArcBest rose 16.1% year over year in the second quarter as an improvement in less-than-truckload revenue per shipment and an increase in prices trumped a decline in shipments.

August 5, 2024
BusinessEquipment

Continental Weighs Spinoff to Separate Car Parts From Tires

Continental AG is considering spinning off and listing its struggling automotive business to separate it from the German parts maker’s more successful tire operations.

August 5, 2024