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, Autonomous

House Transportation Leaders Tout Self-Driving Technology

Ensuring nationwide standards for self-driving technology would assist with safety and efficiency, the leadership of a House panel said recently.

July 26, 2023
Government, Business, For-Hire

Yellow Says Discussions With Teamsters Ongoing

Less-than-truckload carrier Yellow Corp. said it continues to negotiate with union leaders as the future of the company, which has been in operation for nearly 100 years, may be in jeopardy.

July 26, 2023
Business, Technology, Autonomous

Waymo Via to Focus on Ride-Hailing Over Autonomous Trucking

Waymo, the self-driving unit owned by Alphabet Inc., is slowing the development of autonomous trucking that’s being done by its Via subsidiary.

July 26, 2023
Business, Equipment

Traton’s Profit Jumps in Second Quarter

Traton SE’s profits soared in the second quarter of 2023 as sales jumped compared with the year-ago period, the parent company of Navistar said July 26.

July 26, 2023
Business, Equipment

June Used Class 8 Sales Little Changed From Last Year

Used Class 8 truck sales in June came in at 21,500 units, equal to sales figures from the year-ago period, ACT Research reported.

July 26, 2023
Business, Logistics

Union Pacific Brings Back Jim Vena as CEO

OMAHA, Neb. — Union Pacific on July 26 hired Jim Vena as CEO as the company cut its outlook after reporting disappointing results driven by weakening consumer demand and higher labor costs.

July 26, 2023
Government, Business, Logistics

AAPA CEO Connor to Retire Oct. 1 After Four Years at Helm

American Association of Port Authorities CEO Chris Connor announced he is retiring effective Oct. 1.

July 26, 2023
Government, Business

Fed Economists ‘No Longer Forecasting a Recession’

The Federal Reserve said July 26 it no longer foresees a recession and raised its key interest rate by a quarter-point from roughly 5.1% to 5.3% — its highest level since 2001.

July 26, 2023
Government, Business, Technology, Fuel

Several States Alter Fuel Tax Structures

Higher gasoline and diesel taxes hit the pumps in several states starting July 1, while new laws also took effect to raise revenue from the sale of alternative fuels.

July 26, 2023
Business, Technology, Fuel

Seven Automakers Unite to Build EV Charging Network

Seven major automakers are joining forces to build an electric vehicle charging network that would rival Tesla’s and nearly double the number of fast-charging plugs in North America.

July 26, 2023