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

FedEx's Coffel Wins Arizona State Championship

To some, driving a commercial truck in the Arizona heat might not sound enjoyable. But to FedEx's David Coffel, it is a rewarding experience.

May 6, 2024
BusinessLogisticsFor-Hire

UPS Finance Chief to Leave Parcel Giant to Focus on Health

UPS Inc.’s top financial executive, Brian Newman, plans to leave the company June 1 in order to focus on his personal health, the shipping giant said May 6.

May 6, 2024
BusinessEquipment

Daimler Truck Q1 Profit Rises Even as Sales Fall

Daimler Truck profits rose year-over-year in Q1 2024, with executives and analysts more optimistic about the company’s North American business than its European operations.

May 6, 2024
BusinessEquipment

UAW Members Ratify Four-Year Freightliner Labor Deal

United Auto Workers members ratified a four-year labor deal with Daimler Truck North America covering 7,400 mostly Freightliner employees, the union said May 4.

May 6, 2024
GovernmentBusiness

End of Tolls Coming for Alabama’s Foley Beach Express Bridge

A toll-free ride across the Foley Beach Express Bridge in Orange Beach, Ala., will be a reality for the first time in more than 20 years now that the state has reached a deal to purchase the span.

May 6, 2024
GovernmentBusiness

Report: ATRI Study Examines Renewable Diesel Benefits

There are operational and #environmental gains to be realized for fleets that favor renewable diesel fuel over battery-electric vehicles, according to a new study by the American Transportation Research Institute.  

May 6, 2024
GovernmentBusinessEquipmentSafety

CVSA Mulls Another Personal Conveyance Guidance Request

Twice in the past four years, CVSA has failed to persuade FMCSA to strengthen guidance for stopping a rise in truckers improperly using personal conveyance to stretch the hours they drive.

May 6, 2024
GovernmentBusinessFuel

ATA, 8 Others Ask EPA to Adjust Biofuel Output Volumes

Renewable fuel production targets are too low to sustain the sector and have resulted in shuttered biofuel companies, a consortium of trade associations stated in a letter to EPA's Michael Regan.

May 3, 2024
BusinessFor-Hire

Mullen Group Closes ContainerWorld Acquisition

Mullen Group closed its previously announced acquisition of fellow Canadian business ContainerWorld Forwarding Services, the company revealed May 3.

May 3, 2024
BusinessLogistics

XPO Posts Q1 Net Income Rise of 294% Despite Tough Market

XPO Inc. experienced a 294.1% increase in earnings year-over-year despite a soft freight environment during the first quarter of 2024, the company reported May 3.

May 3, 2024