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.

BusinessLogistics

Kenco Buys The Shippers Group

Chattanooga, Tenn.-based third-party logistics group Kenco is to buy The Shippers Group, a Dallas-based third-party warehousing company, it said.

January 11, 2024
BusinessSafetyLogistics

Ships Advertise Chinese Links to Avoid Houthi Attacks

At least five vessels transiting the Red Sea are using their signals to say they have links to China — the latest unusual measure taken to try to avoid attack by Houthi militants in the Red Sea.

January 11, 2024
BusinessTechnologyEquipment

Hertz to Sell 20,000 EVs in Shift Back to Gas-Powered Cars

Hertz Global Holdings Inc. plans to sell a third of its U.S. electric vehicle fleet and reinvest in gas-powered cars due to weak demand and high repair costs for its battery-powered options.

January 11, 2024
BusinessTechnologyEquipment

Tesla Boosts Pay for US Factory Workers

Tesla Inc. notified workers at its California car plant of pay increases across its U.S. factories, the latest bump by a nonunion automaker the United Auto Workers is trying to organize.

January 11, 2024
GovernmentBusinessTechnologyFuel

Biden Awards $623 Million to Build EV Charging Network

WASHINGTON — The Biden administration is awarding $623 million in grants to help build an electric vehicle charging network across the nation.

January 11, 2024
BusinessLogisticsTop 100

Werner Appoints Meisgeier as Its Next President

Company veteran Nathan Meisgeier joined Omaha, Neb.-based Werner Enterprises Inc. in 2005 and was promoted to the carrier's general counsel in 2016.

January 10, 2024
BusinessEquipmentLogistics

Prime Launches Hopper Division, Starting With 25 Trailers

Prime Inc. is launching a hopper business, as Transport Topics' 19th-ranked for-hire carrier expands its bulk transportation operations.

January 10, 2024
BusinessTechnologyEquipment

Range Eyes May Debut of Its Next Electric Trailers

LAS VEGAS — Range Energy is set to introduce the next iteration of its electrified dry van trailers in May, CEO Ali Javidan said Jan. 9.  

January 10, 2024
GovernmentBusinessFuelTCA

EV Subsidies Trimmed in California’s Proposed Budget Cuts

California Gov. Gavin Newsom has proposed significant cuts to clean energy and transportation programs designed to help the state confront the worsening effects of climate change.

January 10, 2024
BusinessEquipment

December Class 8 Orders Fall 12.5% After Short Rebound

North American Class 8 truck orders for December fell from the 2022 period and a short-lived rebound the previous month, according to ACT Research.

January 10, 2024