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.

Government, Business, Logistics

Speaker Johnson Eyes Defense Bill Negotiations

Trucking provisions for standardized access to military installations are tucked into the House and Senate versions of the fiscal 2024 National Defense Authorization Act. 

November 2, 2023
Government, Business, Logistics

Utah Seeks to Boost Trade With Mexico, Pushes Port Plan

Utah Gov. Spencer Cox unveiled the state’s agreement with Mexico to improve trade as Utah’s developing inland port marches ahead with a plan to become a global logistics connector.

November 2, 2023
Business, Technology, Fuel

Nikola Focuses on Hydrogen; Battery-Electric Trucks on Hold

Nikola Corp. is betting on a newly launched hydrogen big rig to regain its footing as the company said it wouldn’t deliver any electric trucks for the rest of the year after recent battery fires.

November 2, 2023
Business, Logistics, For-Hire

Werner Enterprises Reports Earnings Drop on Steady Revenue

Werner Enterprises experienced a year-over-year drop in earnings on a slight decrease in revenue during the third quarter, the company reported Nov. 1.

November 2, 2023
Business, Technology, Autonomous, TCA

Aurora to Open Autonomous Houston-to-Dallas Route

Aurora announced the completion of a Houston terminal that finalizes the first commercial-ready route for driverless trucks.

November 2, 2023
Government, Business

Uber, Lyft to Pay $328 Million in Wage Theft Settlement

NEW YORK — Ride-hailing companies Uber and Lyft will pay a combined $328 million to settle wage theft claims in New York, Attorney General Letitia James announced Nov. 2.

November 2, 2023
Government, Business, Equipment, Safety

Toyota Recalls Nearly 1.9 Million RAV4s

DETROIT — Toyota said Nov. 2 it is recalling nearly 1.9 million RAV4 small SUVs in the U.S. to fix a problem with batteries that can move during forceful turns and potentially cause a fire.

November 2, 2023
Business

Toyota Hikes Pay on Heels of UAW-Detroit Deals

Toyota Motor Corp. is raising wages for assembly workers in the U.S. after its Detroit carmaking rivals reached tentative deals with their union to boost pay.

November 1, 2023
Government, Business

Fed Keeps Benchmark Interest Rate at 5.4%

WASHINGTON — The Federal Reserve kept its key short-term interest rate unchanged Nov. 1 but left the door open to further rate hikes if inflation pressures should accelerate.

November 1, 2023
Government, Business, Technology, Equipment, Fuel, Logistics

Port Leaders Push Wind Power as Long-Term Solution

AURORA, Colo. — Port leaders believe they are part of the solution to capturing renewable wind energy off of their coasts and under their operation with giant wind turbines that float on the water.

November 1, 2023