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, Technology, Equipment

Volta Trucks Files for Bankruptcy After Supply Chain Fails

Sweden’s Volta Trucks AB is planning to file for bankruptcy following a breakdown in its supply chain, the company said.

October 17, 2023
Government, Business, Technology, Safety, Autonomous

NHTSA to Investigate Cruise Over Pedestrian Incidents

NHTSA is investigating General Motors’ Cruise autonomous vehicle division after receiving reports of incidents where vehicles may not have used proper caution around pedestrians.

October 17, 2023
Business

Chairman Ford Calls on Autoworkers to End Strike

DETROIT — Ford Motor Co. Executive Chairman Bill Ford on Oct. 16 called on autoworkers to end a monthlong strike that he says could cost the company the ability to invest in the future.

October 16, 2023
Government, Business

Spear Targets Truck Excise Tax, Legal Reform

AUSTIN, Texas — During his annual State of the Industry address, ATA President Chris Spear emphasized a need for litigation reform and the repeal of a federal excise tax on new trucks.

October 16, 2023
Government, Business

Mild Recession in 2024 Possible, Costello Says

AUSTIN, Texas — American Trucking Associations Chief Economist Bob Costello said the U.S. economy still runs the risk of sliding into a short recession in 2024.

October 16, 2023
Business, Technology, Equipment

Clarience to Extend Fleet Data Platform to External Systems

AUSTIN, Texas — Clarience Technologies announced it is expanding its Fus1on fleet data platform to connect and integrate with more fleet management systems.

October 16, 2023
Government, Business, Technology, Fuel

Hydrogen Hubs Face Complex Timeline to Final Production

Seven regional hydrogen hubs that received the administration’s OK face up to 12 years before achieving commercial output no later than 2035, according to a Department of Energy timeline.

October 16, 2023
Government, Business, Fuel

Diesel Price Falls 5.4¢ to $4.444 a Gallon

The national average diesel price dropped by 5.4 cents a gallon over the past week to reach $4.444 a gallon, according to data released Oct. 16 by the Energy Information Administration.

October 16, 2023
Business, Private

Sysco to Buy Food Service Distributor Edward Don & Co.

Sysco Corp. is to buy Chicago-based food service equipment and supplies distributor Edward Don & Co. for an undisclosed sum, the S&P 500 member said.

October 16, 2023
Government, Business

Alix Miller Presented TAEC President’s Leadership Award

AUSTIN, Texas — Florida Trucking Association President Alix Miller was among those honored for their contributions to the industry at ATA's Management Conference & Exhibition on Oct. 15.

October 16, 2023