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.

BusinessPrivateTop 100

Private Fleets Ship Record 75% of Owners’ Outbound Freight

Prior to the past two years, the in-house market share had remained steady at the 67% level throughout the survey’s history, NPTC said.

September 5, 2024
BusinessTechnology

Why Public EV Chargers Almost Never Work as Fast as Promised

At U.S. public stations promising EV charging speeds of 100 kilowatts or higher, the average delivered charge was only 52 kW in 2022.

September 5, 2024
BusinessEquipment

July Used Class 8 Truck Sales Jump 17% From 2023

The used Class 8 truck market showed signs of life in July, with sales climbing nearly 17% compared to the same month last year, according to ACT Research.

September 5, 2024
GovernmentBusinessSafetyTCA

Houston Receives $3.4M to Study Police-Fire Response

Federal officials announced that Houston would receive $3.4 million for a project to study emergency response times, part of $1 billion aimed at improving street safety nationwide.

September 5, 2024
BusinessTechnologyFuel

BMW to Sell Hydrogen Cars in Partnership With Toyota

BMW AG plans to start selling hydrogen-powered vehicles in four years in a bid to establish the technology as an alternative to battery-electric cars.

September 5, 2024
BusinessEquipment

Daimler Truck Promotes Karin Rådström to CEO

Daimler Truck announced that Karin Rådström will take over as CEO on Oct. 1, replacing company veteran Martin Daum.

September 4, 2024
BusinessTechnologyFuel

ChargePoint Restructures Workforce Amid Revenue Challenges

ChargePoint Holdings, operator of the largest electric vehicle charging network in the US, plans to cut 15% of its workforce after missing revenue forecasts.

September 4, 2024
GovernmentBusiness

Biden to Reject $14.1 Billion Nippon Steel-US Steel Deal

U.S. President Joe Biden is preparing to block Nippon Steel Corp.’s $14.1 billion takeover of United States Steel Corp., according to people familiar with the matter.

September 4, 2024
Business

Truck Driver Pay Weathers Weaker Freight Conditions

The trucking industry continued to increase overall pay for drivers in 2023 despite a freight market downturn, American Trucking Associations reported Sept. 3.

September 4, 2024
GovernmentBusinessTechnologyLogistics

Ollie’s Invests $75M in Illinois Hub to Cut Trucking Miles

A new Ollie’s Bargain Outlet Holdings distribution center in Illinois will save the company 1.2 million trucking miles annually and serve up to 150 stores.

September 4, 2024