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, Safety

Truckers to See Higher Tolls on New York Thruway in January

For the first time in 14 years, travelers will pay more on the New York State Thruway starting in January followed by another rate hike in 2027 due to revenue needs for aging infrastructure.

September 26, 2023
Business, For-Hire, TCA

UPS Looks to Add 100,000 Workers for the Holidays

UPS Inc. said Sept. 26 it plans to hire more than 100,000 seasonal workers for the peak holiday shipping season this year.

September 26, 2023
Government, Business, Equipment

Ford Pauses Construction of Michigan Battery Plant

Ford Motor Co. is halting construction of a $3.5 billion battery plant in Michigan that drew scrutiny from Republican lawmakers for its ties to a Chinese battery maker.

September 25, 2023
Government, Business, Fuel

Diesel Price Drops 4.7¢ to $4.586 a Gallon

The national average diesel price paused from its recent surge, falling back 4.7 cents to settle at $4.586 a gallon, according to Energy Information Administration data released Sept. 25.

September 25, 2023
Business, Technology, Equipment, Logistics, Autonomous

Freight Brokers Adjust as Market Power Swings to Shippers

Throughout the pandemic-influenced years of 2020 through 2022, third-party logistics providers and freight brokers assuaged shippers by simply locating a truck for their freight.

September 25, 2023
Government, Business, Safety, Logistics

$1.4 Billion Committed to Rail Safety, Supply Chain Boost

WASHINGTON — The Biden administration announced Sept. 25 that it has awarded more than $1.4 billion to projects that improve railway safety and boost capacity.

September 25, 2023
Government, Business

GM Next After Canadian Autoworkers OK Deal With Ford

DETROIT — Canadian auto workers say General Motors will be their next target after members ratified a new three-year labor contract with Ford.

September 25, 2023
Government, Business

Buttigieg Says Both UAW, Big Three Automakers Can Win

The United Auto Workers and Detroit’s Big Three can all notch wins in contract negotiations, with workers securing strong raises while the carmakers keep thriving, Pete Buttigieg said.

September 25, 2023
Business, Technology, Equipment, Fuel

Run on Less Event Sees Big Improvements, Pleasant Surprises

The North American Council for Freight Efficiency’s latest Run on Less program is largely producing pleasant surprises so far, including Tesla Semi performance.

September 22, 2023
Business, Equipment

Daimler Truck Financial Services Plans European Expansion

Daimler Truck Financial Services is expanding into new markets to strengthen its operational presence in central-eastern Europe, the company announced Sept. 22.

September 22, 2023