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, Logistics

Maersk to Slash 10,000 Jobs

COPENHAGEN, Denmark — Maersk said Nov. 3 that it plans to eliminate 10,000 jobs due to what it described as a challenging environment for container trade and logistics services.

November 3, 2023
Government, Business, Technology, Safety, Fuel, Logistics, Perspective

Perspective: As an Industry, Let's Win the Sale

At a time when our political system has grown so adversarial, I believe trucking threads a needle of common purpose.

November 2, 2023
Business, Equipment

Mack Trucks Launches Subscription-Based Leasing for MD Electric

SONOMA, Calif. — Mack Trucks on Oct. 30 launched ElectriFi Subscription, a usage-based leasing option for the MD Electric truck.

November 2, 2023
Business, Equipment, Fuel

Mack Trucks Showcases MD Electric Truck in California

SONOMA, Calif. — Mack Trucks showcased its medium-duty MD Electric truck Oct. 30 through Nov. 1 at Sonoma Raceway.

November 2, 2023
Business, Equipment

Cummins Profit Soars as Meritor Deal Boosts Revenue

Cummins Inc. posted a 64% year-over-year jump in profits in the third quarter of 2023 as the acquisition of axles and brakes specialist Meritor continued to boost the company’s bottom line.

November 2, 2023
Government, Business, Safety, Logistics

BNSF Inspection Practices Probed After Colorado Derailment

An investigation into a Colorado train derailment and bridge collapse that killed a truck driver is focused on whether inspection and maintenance practices at BNSF Railway contributed.

November 2, 2023
Government, Business, Logistics, TCA

Use Unspent Funds on Truck Parking, Governors Are Asked

WASHINGTON — American Trucking Associations and other industry stakeholders have asked the governors of each state to use some of their extra federal funds to expand truck parking.

November 2, 2023
Business, Technology, Equipment, Safety, Logistics

How Trucking Can Fight Back Against Cyberthreats

HOUSTON — The trucking industry faces an increasingly dangerous and complex cybersecurity landscape, but there are ways to counter the threats, according to experts.

November 2, 2023
Business, Equipment

September Used Class 8 Sales Down 4.7% Year-Over-Year

Sales of used Class 8 trucks in September declined at a modest clip compared with year-ago levels, but the prices paid for those trucks took a far steeper drop, ACT Research reported.

November 2, 2023
Business, Logistics

RXO Executive Reflects on Launching Amid Freight Down Cycle

RXO Chief Strategy Officer Jared Weisfeld discussed what it was like to launch a new company amid a freight market downturn on RXO’s one-year anniversary Nov. 1.

November 2, 2023