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.

GovernmentBusinessTCA

Pennsylvania Transportation Plan Includes $88 Billion

The Pennsylvania State Transportation Commission on Aug. 14 adopted the 2025 12-Year Transportation Program.

August 15, 2024
BusinessEquipment

In a Surprise, Deere Keeps Outlook Despite Weak Market

Deere & Co. unexpectedly maintained its annual profit outlook as the world’s top tractor maker sought to cut costs in a slumping farm economy.

August 15, 2024
BusinessPrivate

Walmart Boosts Outlook for 2024

NEW YORK — Walmart had another quarter of strong sales that topped almost all expectations with its comparatively low prices proving a powerful draw for millions.

August 15, 2024
BusinessLogisticsFor-Hire

XPO Explores Sale of European Transportation Business

XPO has revived a sale of its European transportation business, according to people familiar with the matter, almost two years since it last scrapped the attempt to divest the operation.

August 15, 2024
BusinessTechnology

Uber Freight Launches Major Shipping Platform Update

Building on its 2018 debut, Uber Freight Shipping has expanded beyond streamlined freight quoting, booking and tracking.

August 15, 2024
GovernmentBusinessTechnologyFuel

Missouri Awarding Grants to Lift Biodiesel, Ethanol Output

The Biofuel Infrastructure Incentive Program, administered by MASBDA, will award grants to biofuel retailers, distributors, terminal companies or fleet operations.

August 14, 2024
BusinessEquipment

Medium-Duty Truck Sales Rebound After Two-Month Decline

U.S. retail sales of medium-duty trucks in July experienced overall year-over-year gains despite mixed results across vehicle segments, according to data from Wards Intelligence.

August 14, 2024
BusinessTechnologyEquipmentFuel

Westport Posts Slight Revenue Decline Amid Restructuring

The Vancouver, British Columbia-based fuel system component manufacturer posted net income of $5.8 million, or 33 cents per diluted share, for the three months ending June 30.

August 14, 2024
GovernmentBusinessTechnology

Polestar Starts US Production to Sidestep Steep EV Tariffs

Polestar Automotive Holding UK Plc has started production of its Polestar 3 sport utility vehicle in the U.S. to sidestep the nation’s tariffs on Chinese-made electric vehicles.

August 14, 2024
GovernmentBusinessEquipment

Rheinmetall Expands in US With $950 Million Defense Deal

Rheinmetall AG is set to buy a U.S. military vehicle specialist for $950 million as the German company seeks to expand its position in the world’s largest defense market.

August 14, 2024