A study by a U.S. government financial consumer group has concluded that there is widespread risk for truckers being rushed into signing so-called predatory lease-purchase agreements.
November 7, 2023Trucking 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.
Watchdog Group Cites Widespread ‘Predatory’ Lease Agreements
RXO Reports Negative Earnings in Soft Q3 Market
RXO reported negative net income and a 14% decline in revenue during the third quarter.
November 7, 2023Uber Delivers Mixed Report as Profit Grows, Revenue Slows
Uber Technologies gave a mixed picture of its business, showing a second consecutive profitable quarter and an increase in demand for rides and delivery but also slowing revenue growth.
November 7, 2023Diesel Price Slides 8.8¢ to $4.366 a Gallon
The national average diesel price fell 8.8 cents to settle at $4.366 a gallon, according to Energy Information Administration data released Nov. 6.
November 6, 2023Oklahoma Makes Third-Party Administration of CDL Test Easier
A new Oklahoma law making it easier for written commercial driver license tests to be administered took effect Nov. 1 to help offset the truck driver shortage.
November 6, 2023Virginia Gov. Youngkin Lauds 3PL Provider’s Facility Expansion
Virginia Gov. Glenn Youngkin announced a $2 million expansion of Wytheville-based Camrett Logistics to grow its capacity and provide green supply chain technology.
November 6, 2023House Committee Passes Bill to Protect Moving Privacy
Legislation designed to safeguard certain identifiable information of individuals moving internationally was advanced this month by a committee in the U.S. House of Representatives.
November 6, 2023Tevva Files Suit Against ElectraMeccanica in Arizona
Tevva Motors Ltd. filed suit against ElectraMeccanica Vehicles Corp. Nov. 3 as the dispute between the onetime partners in building a Class 8 hydrogen-powered truck escalates.
November 6, 2023BLS: Coming Decade to See Job Growth in Warehousing, Logistics
Transportation and warehousing will be among the fastest-growing economic sectors for the coming decade, according to a new U.S. Bureau of Labor Statistics analysis.
November 6, 2023Aftermarket Parts Costs Are Stabilizing
Industry leaders are pointing to several positive indicators that have caused a drop in aftermarket parts prices in the second quarter of 2023 from the first quarter.
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