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, Safety, Logistics

Port of Baltimore Security Lauded by US Coast Guard

The Port of Baltimore for the 15th straight year has received a top U.S. Coast Guard security assessment for its six state-owned, public marine terminals.

January 29, 2024
Business, Technology, Fuel

GM, Honda Hydrogen Fuel Cell JV Begins Commercial Production

A joint venture between General Motors and Honda began commercial production Jan. 25 of hydrogen fuel cells in Brownstown, Mich., aimed at the commercial vehicle market.

January 29, 2024
Business, Safety, Fuel

Love’s Travel Stops Previews Expansion Plans for 2024

Love’s Travel Stops is rolling out a planned $1 billion expansion of its truck stop network this year with new and remodeled stores that expand the offerings available to truck drivers.

January 29, 2024
Business

Toyota Union Seeking Higher Wages, Bonus in Negotiations

Toyota Motor Corp.’s workers’ union is seeking a bonus of 7.6 months worth of salary as it prepares for annual compensation negotiations with the Japanese carmaker.

January 29, 2024
Business, Private

Walmart Adds Stock Grants as Perk in Manager-Retainment Push

NEW YORK — Walmart is further sweetening the perks for its U.S. store managers as it seeks to retain its leaders and attract new ones in a still competitive job market.

January 29, 2024
Government, Business, Safety, Logistics

Norfolk Southern Q4 Profit Down 33%, Derailment Costs Rising

Norfolk Southern’s Q4 profit fell 33% due to the ever-growing costs of the cleanup of last year’s derailment in eastern Ohio, but the railroad did deliver 3% more shipments in the quarter.

January 26, 2024
Government, Business, Fuel, Logistics

Europe’s Diesel Supply Chain Threatened by High Freight Costs

A surge in shipping costs due to turmoil in the Red Sea is pressuring Europe’s diesel supply chain, contributing to a sharp jump in fuel prices.

January 26, 2024
Business, Equipment

Volvo Q4 Profit Jumps 80.6% as Deliveries, Margins Increase

A jump in truck sales and margins in the fourth quarter of 2023 at Volvo Group saw the Swedish original equipment manufacturer’s profits almost double year-over-year, it said Jan. 26.

January 26, 2024
Government, Business, Safety

FMCSA Plans to Remove 15,000 Medical Examiner Certifications

Federal trucking regulators plan to disqualify more than 15,000 physicians responsible for certifying that truck drivers are healthy enough to get behind the wheel.

January 26, 2024
Business, Equipment, Private

United Rentals Q4 Profit Rises 6.3% on Broad Demand Strength

United Rentals reported net profit of $679 million in the fourth quarter of 2023, a 6.3% year-over-year increase compared with $639 million in the year-ago period.

January 26, 2024