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.

GovernmentBusiness

Fed Weighs Potential Rate Cut, First in Four Years

With the end of their two-year fight against inflation in sight, Federal Reserve officials are likely July 31 to set the stage for the first cut to their key interest rate in four years, a major shift in policy that could eventually lower borrowing costs for U.S. consumers and businesses.

July 31, 2024
BusinessPrivateTop 100

Tyson, JBS Set for Earnings Spike From Poultry Rebound

Companies including Tyson Foods and JBS SA, which control a sizable chunk of global meat supplies, are set to report a spike in earnings for the quarter ended in June as a rebound in poultry profits counterbalances a downturn in their U.S. beef operations.

July 31, 2024
GovernmentBusinessLogistics

Transportation Jobs Up in July ADP Data; Overall Hiring Slows

US companies added the fewest number of workers since the start of the year and wage growth slowed, consistent with signs of a softer labor demand. But the transportation sector showed resilience.

July 31, 2024
BusinessTechnology

Uber Partners With BYD on Putting Drivers Into 100,000 EVs

Uber will team up with BYD to put 100,000 electric vehicles onto the ride-hailing company鈥檚 platform, in a major deal between American and Chinese businesses that notably excludes the U.S.

July 31, 2024
GovernmentBusinessTechnologySafetyAutonomous

Tesla in Fatal Washington Crash Was Using Self-Driving System

DETROIT 鈥 Authorities in Washington have determined that a Tesla that hit and killed a motorcyclist near Seattle in April was operating on the company鈥檚 鈥淔ull Self Driving鈥 system.

July 31, 2024
BusinessEquipment

Boeing Names 鈥楰elly鈥 Ortberg as New CEO

Boeing lost more than $1.4 billion in the second quarter and said a longtime industry executive will take over as chief executive of the troubled aircraft manufacturer next week.

July 31, 2024
GovernmentBusiness

British Columbia Opens High-Tech Truck Station

British Columbia has opened a new commercial vehicle inspection station and rest area with parking for short-term and longhaul truckers on western Canada鈥檚 Highway 16.

July 30, 2024
BusinessLogisticsFor-Hire

Estes Eyes 12% Terminal Door Total Increase in 2024

Estes Express Lines expects the number of terminal doors in the less-than-truckload carrier鈥檚 portfolio to jump more than 12% in 2024 to a total exceeding 12,750.

July 30, 2024
GovernmentBusinessLogistics

Norfolk Southern Accused of Delaying Amtrak Passenger Trains

U.S. authorities accused Norfolk Southern Corp. of causing repeated delays of Amtrak passenger trains along a lengthy route spanning New York City to New Orleans.

July 30, 2024
BusinessFor-Hire

Saia Lifts Target for 2024 Terminal Openings to 21

Saia could open a large batch of terminals in 2024 as profits and revenue grow at the less-than-truckload carrier, largely on the back of facilities acquired from the estate of Yellow Corp.

July 30, 2024