Trucking Business News

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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, Fuel, TCA

Former CEO Buys Lordstown Motors’ Assets for $10 Million

CLEVELAND, Ohio — The former CEO of Lordstown Motors Corp. has bought the company’s assets for $10 million, according to documents filed with the U.S. Securities and Exchange Commission.

October 3, 2023
Business, Technology, Safety, For-Hire

Cyberattack Hits Estes Express Lines’ IT Systems

Estes Express Lines on Oct. 3 confirmed that its IT systems were the target of an ongoing cyberattack, but said its trucks were still moving freight.

October 3, 2023
Business, Technology, Logistics

UPS Buys MNX Global to Bolster Health Care Options

UPS Inc. will acquire MNX Global Logistics for an undisclosed sum, the parcel delivery company said Sept. 28. The deal is expected to close by the end of the year.

October 3, 2023
Business, Equipment, Fuel

Cummins Unit Completes Acquisition of Faurecia Plants

Cummins Emission Solutions completed the acquisition of two Faurecia commercial vehicle manufacturing plants in Indiana and the Netherlands for $208.56 million, Cummins Inc. said.

October 3, 2023
Government, Business, Equipment, Logistics

Texas to Invest $240 Million in 31 Port Projects

Thirty-one port projects in Texas will begin receiving an estimated $240 million in state funds to improve those facilities and bolster the state’s supply chains.

October 3, 2023
Government, Business, Safety

ATA Honors Lawmakers’ Fentanyl Response

WASHINGTON — The charitable arm of American Trucking Associations recognized members of Congress who are working to raise awareness of fentanyl addiction in the United States.

October 3, 2023
Business, Equipment

Hendrickson Buys Brake Component Specialist Brunner

Hendrickson acquired commercial vehicle brake component specialist Brunner for an undisclosed sum Oct. 2, the Woodridge, Ill.-based company said.

October 3, 2023
Business, Equipment, TCA

Mack Trucks Reaches Tentative Agreement With UAW

Mack Trucks and the United Auto Workers Union have announced they’ve come to a tentative agreement, which now avoids any potential strike among thousands of workers at the Lower Macungie, Pa., plant.

October 2, 2023
Government, Business, Equipment, Fuel

Big Automakers: Future Fuel Economy Rules Unfairly Target Us

General Motors, Ford and Stellantis face a combined $10.5 billion in fines from 2027 to 2032 under stricter proposed average fuel economy rules, according to an estimate from their trade group.

October 2, 2023
Government, Business, Fuel

Diesel Price Nudges Up 0.7¢ a Gallon to $4.593

The national average diesel price nudged up seven-tenths of a cent to reach $4.593 a gallon, according to Energy Information Administration data released Oct. 2.

October 2, 2023