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, Fuel

Biden Freezes Approvals of New Licenses for LNG Exporters

The Biden administration on Jan. 26 halted the approval of new licenses to export U.S. liquefied natural gas — a moratorium likely to disrupt plans for billions of dollars in projects.

January 26, 2024
Government, Business, Technology, Safety, Autonomous

Justice Department Inquiring Into Cruise Collision Fiasco

SAN FRANCISCO — General Motors is facing a U.S. Justice Department investigation into a collision that critically injured a pedestrian and derailed its self-driving car ambitions.

January 26, 2024
Business, Fuel, Global Freight

Maersk Unveils World’s Biggest Methanol-Powered Containership

A.P. Moller-Maersk A/S’s newest methanol-powered vessel will soon set sail from South Korea as the shipper seeks to reduce emissions in one of the world’s most-polluting industries.

January 26, 2024
Business, Technology, Equipment

Volvo Shares Fall After Outlining Truck Production Cuts

Volvo AB declined after saying it will gradually reduce production in line with normalizing demand after years of supply chain disruptions that left manufacturers with record order banks.

January 26, 2024
Government, Business, Safety, Fuel

Daily Fuel Tanker Costs Eclipse $100,000 for Some in Red Sea

Some oil tanker earnings have soared above $100,000 a day as the disruption of shipments through the Red Sea persists.

January 25, 2024
Business, Technology, Equipment

Xos Class 8 Tractor Start of Production Remains on Schedule

Xos’ plans for manufacturing a Class 8 tractor remain on schedule even as the electric truck maker sought to bolster its finances earlier in January, CEO Dakota Semler told Transport Topics.

January 25, 2024
Business, Equipment

Maintenance Costs Rise in Q3, Report Finds

Parts and labor costs in the trucking industry rose 1.9% in the third quarter of 2023 according to a report by American Trucking Associations’ Technology & Maintenance Council and Decisiv.

January 25, 2024
Business, Technology, Autonomous, For-Hire, Private

Kodiak Opens Truck Port at Ryder Facility in Houston

Kodiak Robotics opened a second truck port for its autonomous semis at a Ryder System Inc. fleet maintenance facility in Houston, the companies said Jan. 23.

January 25, 2024
Business, Logistics

CSX Reports Slight Revenue Knock for Q4

CSX Corp. experienced a slight decrease in year-over-year revenue during the fourth quarter of 2023, the company reported Jan. 24.

January 25, 2024
Business, Equipment

Update: Volvo Unveils Redesigned Class 8 VNL Tractor

Volvo Trucks North America has battery-electric, hydrogen fuel cell and renewable fuel internal combustion engine versions on the horizon. 

January 25, 2024