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.

Business, Equipment, Safety

FMCSA Highlights Truck Parking, Safety at NTDC

COLUMBUS, Ohio — The Biden administration continues to prioritize efforts to expand access to parking for the nation’s truck drivers, the head of FMCSA said Aug. 16.

August 23, 2023
Business, Equipment, Fuel, TCA

Mullen Launches Production of Class 3 EV Truck

Mullen Automotive says its first Mullen Three, a Class 3 commercial electric truck, has rolled off the assembly line at the company’s plant in Tunica, Miss.

August 23, 2023
Government, Business, Safety, Logistics

Biden’s Visit to Hawaii Coincides With More Federal Relief

President Joe Biden’s visit Aug. 21 to Maui was bolstered by a $3 million Federal Highway Administration emergency grant and tax relief for people and businesses impacted by the wildfires.

August 23, 2023
Business, Logistics, For-Hire

Private Equity Firm H.I.G. Buys 3PL Ascent Global Logistics

A unit of H.I.G. Capital is to acquire third-party logistics provider Ascent Global Logistics for an undisclosed sum, the Miami-based private equity group said Aug. 22.

August 23, 2023
Government, Business, Safety

Werner Appeals Crash Verdict to Texas Supreme Court

Werner Enterprises has filed an appeal with the Texas Supreme Court of a $100 million jury lower court verdict in a 2014 fatal crash that was upheld by a state appeals court earlier this year.

August 23, 2023
Business, Equipment

Advance Auto Names New CEO Shane O’Kelly

Advance Auto Parts Inc. named a new CEO and started a strategic review of the business as it struggles to keep up with inflation.

August 23, 2023
Business, Fuel, Logistics

Two Tankers Collide in Egypt’s Suez Canal

CAIRO — Two tankers carrying oil products and liquefied natural gas collided in the Suez Canal, briefly disrupting traffic through the global waterway, Egyptian authorities said Aug. 23.

August 23, 2023
Business, Breaking News, For-Hire

UPS Workers Approve New Union Contract

The 340,000 employees of UPS Inc. represented by the International Brotherhood of Teamsters have approved a new five-year labor pact with the company.

August 22, 2023
Business, Technology, Equipment, Fuel

Volvo Offers Fleets a Leg Up on Charging Infrastructure

Volvo Trucks North America launched a program Aug. 22 it believes will smooth fleet owners’ road to the installation of electric truck charging infrastructure.

August 22, 2023
Business, Logistics, Breaking News

Truck Tonnage Dips 3% Year-Over-Year in July

Truck tonnage in July declined by 3% compared with the same month in 2022, the fifth consecutive year-over-year decline and an indication that softness in the freight market persists.

August 22, 2023