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.

BusinessEquipment

December Medium-Duty Sales Rise 9.1% Year-Over-Year

U.S. retail sales for medium-duty trucks rose 9.1% year-over-year in December while finishing 2023 some 8.4% higher than 2022’s full-year total, according to data from Wards Intelligence.

January 16, 2024
GovernmentBusinessSafetyLogistics

US Calls Houthi Shipping Threat an ‘All Hands on Deck’ Issue

The U.S. launched a new strike against the Yemen-based Houthis on Jan. 16, hitting anti-ship missiles in the third assault on the Iranian-backed group in recent days, the U.S. military said.

January 16, 2024
BusinessSafetyLogistics

State of Freight Report Says 2024 Will Be an Unremarkable Year

Trucking’s lingering freight recession, combined with a steep decline in spot market rates for carriers over the last 18 months, is tightening capacity, according to FMCSA data and FTR Intel.

January 16, 2024
BusinessTechnologyEquipmentFuel

Truck Maker Xos Bolsters Finances as Deliveries Ramp Up

Classes 5-8 electric truck maker Xos obtained a $48.5 million capital infusion from serial e-mobility investor ElectraMeccanica, the companies said.

January 16, 2024
GovernmentBusinessTechnology

Murphy: NYC Congestion Pricing Plan Violates Constitution

New Jersey Gov. Phil Murphy is again pushing back on New York’s plan to charge motorists driving into Manhattan’s central business district, saying it violates the U.S. Constitution.

January 16, 2024
GovernmentBusinessPrivate

Washington State Sues to Block Kroger-Albertsons Merger

SEATTLE — Washington state Attorney General Bob Ferguson on Jan. 15 sued to block the proposed merger of Kroger and Albertsons, two of the nation’s largest grocery chains.

January 16, 2024
GovernmentBusinessTechnologyEquipmentFuel

Maryland to Receive $15 Million for EV Charging Network

BALTIMORE — Maryland will use its share of $623 million in federal funding to develop 58 EV charging stations, some of which would be located in disadvantaged communities.

January 16, 2024
BusinessTechnologyEquipment

Cummins to Spend $580 Million on North Carolina Engine Plant

Cummins Inc. plans to spend $580 million on its Rocky Mount Engine Plant in North Carolina, much of it as part of the company’s decarbonization push, it said.

January 16, 2024
BusinessTechnology

LG Electronics Opens First US EV Charger Factory in Texas

LG Electronics Inc. on Jan. 12 opened its first EV charger factory outside of South Korea — in Forth Worth, Texas — as the company targets the North American market.

January 12, 2024
GovernmentBusinessEquipmentFuel

Report: Caltrans Budget to Take Hit Due to Green Vehicles

California drivers will experience worse highway and road conditions due to lost diesel and gasoline tax revenue in state coffers, according to legislative analysts.

January 12, 2024