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, For-Hire

A UPS Strike May Curb Progress on Inflation, Supply Chains

A potential strike by 340,000 unionized workers at UPS Inc. threatens to unravel progress in tackling two of the U.S. economy’s biggest hurdles: inflation and supply chain disruptions.

July 21, 2023
Business, Equipment, Safety

‘Family’ Reunion: Swan Qualifies for Sixth Nationals

Preparation paid off for FedEx Freight driver Paul Swan at the Colorado Truck Driving Championships. That it felt like a family reunion was just the cherry on top. 

July 21, 2023
Government, Business, Technology, Autonomous

Amazon, Six Other Companies Commit to AI Safeguards

President Joe Biden said the U.S. must guard against threats from artificial intelligence as he detailed new company safeguards and promised government actions on the emerging technology.

July 21, 2023
Business, Technology, Autonomous, Private, TCA

Amazon to Roll Out Palm Payment Technology at Whole Foods

Customers at Amazon’s Whole Foods Market stores will soon be able to pay for their groceries with a wave of their hand.

July 21, 2023
Business, Technology, Fuel

Nikola Sells Arizona Hydrogen Production Project to Partner

Truck maker Nikola agreed to sell its Phoenix Hydrogen Hub project to partner Fortescue Future Industries for $24 million, the companies said.

July 21, 2023
Business, Logistics, For-Hire

Knight-Swift Reports 71% Earnings Drop for Q2

Knight-Swift Transportation Holdings Inc. on July 20 reported that earnings dropped 71% year-over-year in the second quarter.

July 21, 2023
Government, Business, Logistics

Canada Dockworkers to Vote on New Contract Today

The union representing more than 7,000 dockworkers at two of Canada’s busiest ports is set for a key vote on a new contract today, potentially putting an end to labor unrest.

July 21, 2023
Business, Technology, Equipment, Fuel

Volvo Signs Fuel System JV Deal With Canada’s Westport

Truck manufacturer Volvo Group is set to establish a high-pressure gas-injection fuel system joint venture with Westport Fuel Systems.

July 21, 2023
Government, Business

New Jersey Sues Over NYC Congestion Pricing Plan

A plan to charge motorists driving into midtown Manhattan in New York City was challenged by neighboring New Jersey, which seeks to block the proposal as unfair to commuters.

July 21, 2023
Business, Logistics

CSX’s Q2 Profit Falls 15% Annually

OMAHA, Neb. — Fewer shipping container deliveries this spring hurt CSX railroad’s second-quarter profit and offset a sharp increase in shipments of automobiles.

July 21, 2023