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, Technology, Equipment, Safety

Kentucky Cargo Theft Spike Echoes National Issues

Kentucky law enforcement is warning of a spike in strategic cargo thefts in a trend that reflects a growing national problem.

September 21, 2023
Business, Equipment

August Trailer Orders Fall 35% to 11,500 Units

U.S. trailer orders continued to experience year-over-year declines in August, but did post a second straight month of sequential improvements, according to ACT Research.

September 21, 2023
Business, Equipment

Stellantis Makes a New Contract Offer

Stellantis gave the the United Auto Workers a new contract proposal as General Motors and Stellantis announced fresh layoffs Sept. 20 that they blamed on damage from the strike.

September 21, 2023
Business, Technology, Equipment, Autonomous, Private

Uber Freight, Waabi Team Up on AI-Powered Autonomous Trucks

Logistics specialist Uber Freight is teaming up with Waabi Innovation Inc. in an artificial intelligence-powered autonomous truck partnership, the companies said Sept. 21.

September 21, 2023
Business, For-Hire

FedEx Beats Quarterly Wall Street Profit Expectations

FedEx Corp. posted a higher profit than Wall Street expected in its most recent quarter, but trimmed expectations for the full-year period.

September 20, 2023
Business, Technology, Private

Amazon Scraps Planned Merchant Fee

Amazon.com Inc. is scrapping a planned fee on merchants that don’t use its shipping services, according to documents reviewed by Bloomberg.

September 20, 2023
Business, Equipment, For-Hire, Private

Experts: Freight Environment Unlikely to Improve Much Soon

Executives across multiple segments of the trucking industry expect the freight environment to take considerable time to improve substantially.

September 20, 2023
Business, Technology, Fuel, TCA

Hyundai, Georgia Tech to Research Hydrogen Power for Trucks

Hyundai Motor Group signed an agreement with Georgia Tech on Sept. 19 to collaborate on research and development of hydrogen-fueled engines for large trucks and electric vehicle batteries.

September 20, 2023
Government, Business, Logistics

Port Volumes Decline in August

Container volumes trended mostly into negative territory in August at facilities along the Pacific, Atlantic and Gulf of Mexico coasts, with a modest gain at the Port of Los Angeles.

September 20, 2023
Government, Business

Fed Keeps Key Interest Rate Unchanged

WASHINGTON — The Federal Reserve left its key interest rate unchanged Sept. 20 for the second time in its past three meetings, but also signaled it expects to raise rates once more this year.

September 20, 2023