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.

Business, Logistics

Averitt Bolsters Nashville Presence With Upgraded Facilities

Averitt Express expanded three of its key facilities as part of an ongoing effort to strengthen its foothold in Nashville, Tenn., the company announced Jan. 31.

February 6, 2024
Business, Technology

Toyota Boosts Spending on US EV Production by $1.3 Billion

Toyota Motor Corp. is boosting investment at a plant in Kentucky by $1.3 billion as it prepares to start U.S. production next year of a three-row, all-electric SUV.

February 6, 2024
Business, Technology

60 Seconds: Revoy Launches Atypical EV for Class 8 Trucks

Bay Area startup touts electric vehicle's ability to boost fuel economy while reducing emissions. Story by Keiron Greenhalgh.

February 6, 2024
Business, Safety, Logistics

STB Modifies Performance Requirements for Class I Railroads

Changes are being made in a nearly 2-year-old federal government requirement regarding performance levels at four Class I freight railroads.

February 6, 2024
Business, Technology, Logistics, Autonomous, Global Freight, TCA

Cincinnati Airport Deploys Autonomous Baggage Handling EVs

Cincinnati/Northern Kentucky International Airport is using devices known as Auto-DollyTugs, electric autonomous vehicles complete with “robotic arms,” to handle baggage and cargo.

February 6, 2024
Government, Business, Equipment

Yellow Repays $700M COVID-Era Treasury Loan Plus Interest

Yellow repaid a $700 million loan it received from the Treasury Department through the Coronavirus Aid, Relief and Economic Security Act, the bankrupt less-than-truckload carrier said.

February 6, 2024
Business, Private

Kroger CFO Departs During Uncertainty on Albertsons Merger

Kroger Co. said Feb. 5 that its chief financial officer is leaving for another company as the supermarket operator waits for regulators’ ruling on its proposed merger with Albertsons Cos.

February 6, 2024
Business, Technology

Hertz Plans Cost Cuts After Earnings Miss on EV Adjustment

Hertz Global Holdings Inc. is looking to cut costs after it missed analysts’ fourth-quarter estimates as it sold down its fleet of Tesla Inc. electric vehicles.

February 6, 2024
Government, Business, Technology, Fuel

FHWA Awards Grants to Develop Charging, Hydrogen Stations

Eyeing heavy truck emissions, the FHWA has awarded nearly half of $622.57 million in new infrastructure grants to megawatt and kilowatt charging and hydrogen fueling projects.

February 6, 2024
Business, Technology, Equipment

Volvo Details Engine, Transmission Updates for Redesigned VNL

Volvo Trucks North America on Feb. 6 outlined enhancements to its D13 engine and I-Shift transmission that helped the OEM achieve efficiency gains with its redesigned VNL Class 8 tractor.

February 6, 2024