The New Jersey Legislature has passed a law requiring heavy trucks to carry a minimum $1.5 million in liability insurance — double the current federal minimum insurance requirement of $750,000.
February 13, 2024Trucking 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.
New Jersey Lawmakers Raise Minimum Insurance
Top Truck Bottlenecks Mostly the Same, Just More Congested
A familiar congested highway spot in Fort Lee, N.J., outside New York City, once again tops American Transportation Research Institute's list of the nation’s worst trucking chokepoints.
February 13, 2024XPO Looks to Lower Leverage, May Buy Back Debt Early, CFO Says
Less-than-truckload carrier XPO Inc. is working to reduce its leverage after it purchased assets from Yellow Corp. and might consider buying back some of its debt at par, its finance chief said.
February 12, 2024Class 8 Truck Sales Down 6.7% in January
Class 8 retail sales kicked off the new year with their sixth consecutive month of year-over-year declines in January, Wards Intelligence data shows.
February 12, 2024ChargePoint Certified by Federal Risk Management Program
ChargePoint has received cybersecurity certification by the federal government, clearing the way for federal contracts and signaling a security focus in the electric vehicle ecosystem.
February 12, 2024Mobileye CEO Shashua Expects Growth in Self-Driving Adoption
Amnon Shashua, co-founder and CEO of Mobileye, sees self-driving technology moving ahead over the next few years, allowing for more widespread adoption of the functionality.
February 12, 2024California Ports Deploying Air Pollution Capture for Ships
Long Beach, Calif.-based startup Stax Engineering has deployed pollution-capturing tech at multiple ports for the first time, servicing ships at the ports of L.A., Long Beach and Oakland.
February 12, 2024California Asks Insurers About Covering Zero-Emission Trucks
The California Department of Insurance is taking steps to ensure that commercial insurance coverage is available for zero-emission heavy trucks and fleets.
February 9, 2024TFI Eyes Merger for Truckload Operations as Part of Spinoff
TFI International’s truckload operations could be merged with a competitor to divide the Montreal-based company into two publicly traded entities, likely in 2025, its CEO said Feb. 9.
February 9, 2024Yokohama Unveils New Commercial Tire Sizes
Yokohama Tire Corp. is expanding the sizes of its 124R and 714R commercial tires, the company announced Feb. 5.
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