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.

BusinessFor-Hire

Old Dominion Posts Third Straight Quarter of Revenue Growth

Old Dominion Freight Line marked its third consecutive quarter of year-over-year revenue growth during the second quarter of 2024, the company reported July 24.

July 24, 2024
GovernmentBusiness

Colorado Cracks Down on Predatory Towing With New Law

A broad new law to end predatory towing practices takes effect Aug. 7 in Colorado, legislation that was backed by a state senator whose vehicle was wrongfully towed last summer.

July 24, 2024
BusinessEquipment

European Truck Sales Slump Hurts Paccar Q2 Profits

Paccar Inc. profits fell in the second quarter of 2024 on the back of sagging European truck sales and lower parts and financial services divisions profits.

July 24, 2024
BusinessTechnologySafetyFor-HireTop 100

Gaining Driver Buy-In Is Key to Deploying Dashcams

CHICAGO — Fleet operators are increasingly embracing the use of dash cameras, but successfully deploying these in-cab systems hinges on driver acceptance of the technology.

July 24, 2024
GovernmentBusinessTechnologyEquipmentSafety

House Bill Seeks $100M Annual Grant for Rail Safety Upgrades

Senior members of the U.S. House Transportation Committee recently introduced legislation to enhance safety requirements for trains carrying hazardous materials.

July 24, 2024
GovernmentBusinessTechnologySafetyLogistics

CBP Installs X-Ray Scanner for Containers at Texas Port

The busiest land border crossing between the U.S. and Mexico now has an advanced X-ray machine that is intended to help more efficiently move commercial truck traffic through the facility.

July 24, 2024
BusinessEquipment

Michelin Weighs Shuttering More Plants on Europe Downturn

Michelin said Europe’s “difficult economic situation” is causing a drop in tire demand across different sectors that is leading to overcapacity in the region.

July 24, 2024
BusinessTechnologyEquipmentFuelAutonomousTop 100

Atlas Energy to Deploy Self-Driving Trucks for Fracking Sand

Atlas Energy plans to deploy self-driving trucks developed by Kodiak Robotics for delivery of fracking sand to Permian Basin oil and natural gas wells in Texas beginning in early 2025.

July 24, 2024
BusinessLogisticsFor-HireGlobal Freight

UPS Discusses Acquisition of Parcel Carrier in Mexico

The recently announced UPS acquisition of Mexican express delivery company Estafeta takes advantage of a business trend toward nearshoring.

July 24, 2024
BusinessTechnologyFuelAutonomous

Tesla's Second-Quarter Profit Falls 45% to $1.48 Billion

DETROIT — Tesla’s second-quarter net income fell 45% compared with a year ago as the company’s global electric vehicle sales tumbled despite price cuts and low-interest financing.

July 23, 2024