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.

BusinessTechnology

ABB Considers Sale of Some Electric Mobility Assets

ABB Ltd. is considering selling part of its e-mobility business, which includes electric vehicle charging stations worldwide, including the U.S.

June 6, 2024
GovernmentBusinessTechnology

EV Taxi Startup Revel to Lay Off Drivers for Gig Model

Revel Transit, the New York-based electric vehicle ride-hailing startup, plans to lay off its driver employees and operate a gig-work model more akin to rivals Uber and Lyft.

June 6, 2024
BusinessEquipment

Used Truck Sales in April Jump 30% From Last Year

Used Class 8 truck sales in April increased 29.6% compared with the same period the prior year, ACT Research reported.

June 5, 2024
GovernmentBusinessFuel

UN Chief Wants Tax on Profits of Fossil Fuel Companies

GENEVA — U.N. Secretary-General António Guterres called June 5 for a “windfall” tax on profits of fossil fuel companies to help pay for the fight against global warming.

June 5, 2024
GovernmentBusinessFuel

19 States Challenge California on Emissions Legal Activism

Alabama is leading a 19-state coalition suing California and four other states in the U.S. Supreme Court over state legal fights against energy companies.

June 5, 2024
GovernmentBusinessSafety

Correctional Program in Nebraska Celebrates First CDL Grads

Holding new CDLs, five men incarcerated in a work-release corrections center are the first such aspiring truck drivers in a program focused on their re-entry into society.

June 5, 2024
BusinessTechnologyFuel

Air Products Plans Calif. Hydrogen Truck Refueling Network

Industrial gas giant Air Products plans to build a network of commercial-scale, multimodal hydrogen refueling stations stretching from Northern California to Southern California.

June 5, 2024
BusinessSafety

Report: Cargo Thefts Remained Unusually High in First Quarter

Verisk Analytics’ CargoNet reported that criminal activities impacting the logistics and transportation industry increased 46% year-over-year in the first quarter of 2024. Document forgery, in particular, has emerged as a new type of crime in cargo thefts. Story via Connor D. Wolf.  

June 5, 2024
BusinessTechnologyFuel

Truck OEMs’ Battery Cell Group Hires Ford Exec Kearns as CEO

Kel Kearns is slated to be the CEO at the commercial vehicle battery cell manufacturing joint venture set up by Accelera by Cummins, Daimler Trucks & Buses U.S. Holding and Paccar Inc.

June 5, 2024
GovernmentBusinessTechnology

Senators Promote AI Education

Senior senators on the freight transportation committee are promoting artificial intelligence education to improve supply chain industries’ adoption of the technology.

June 5, 2024