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.

Government, Business, Safety

New Jersey Lawmakers Raise Minimum Insurance

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, 2024
Business, Safety

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, 2024
Business, Logistics, For-Hire

XPO 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, 2024
Business, Equipment, Breaking News

Class 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, 2024
Government, Business, Technology, TCA

ChargePoint 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, 2024
Business, Technology, Equipment, Safety, Autonomous

Mobileye 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, 2024
Government, Business, Safety, Fuel, Logistics

California 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, 2024
Government, Business, Fuel

California 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, 2024
Business, For-Hire

TFI 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, 2024
Business, Equipment

Yokohama Unveils New Commercial Tire Sizes

Yokohama Tire Corp. is expanding the sizes of its 124R and 714R commercial tires, the company announced Feb. 5.

February 9, 2024