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, Logistics

UPS, Teamsters Agree to Resume Talks July 25

UPS Inc. and its union will resume labor talks July 25 after negotiations had stalled earlier this month as the company seeks to head off a strike that could occur as early as Aug. 1.

July 19, 2023
Business, Equipment

June Medium-Duty Truck Sales Increase 22.7%

U.S. medium-duty truck retail sales increased 22.7% in June compared with the year-ago period, according to Wards Intelligence data.

July 19, 2023
Business, Equipment

Volvo Group Q2 Profit Nudges Higher, Margin Improves

Volvo Group posted net income of $1.06 billion, or 52 cents per share, in the three months that ended June 30, compared with $1.03 billion, or 50 cents, in the year-ago period, the company said.

July 19, 2023
Government, Business, Technology, Fuel, Autonomous, TCA

Michigan Plans Fast-Charging EV Hub for Trucks on I-96

Michigan is joining California and other states in reimagining tomorrow’s truck stops, moving forward with the development of a high-speed charging hub for freight vehicles.

July 19, 2023
Government, Business, Safety, Logistics

FMCSA Embarks on New Effort to Catch Fraudulent Movers

The Federal Motor Carrier Safety Administration this spring conducted more than 100 investigations into household goods moving fraud, and is proceeding with 60 enforcement actions.

July 19, 2023
Government, Business, For-Hire, TCA

UPS Pilots to Honor Picket Lines if Teamsters Strike

The pilots union at Sandy Springs, Ga.-based UPS Inc. plans to honor picket lines in the event of a Teamsters strike against the shipping giant.

July 19, 2023
Business, Logistics, For-Hire

J.B. Hunt Reports Year-Over-Year Declines for Q2

J.B. Hunt Transport Services experienced a year-over-year decline in earnings and revenue during the second quarter, the company reported July 18.

July 19, 2023
Business, Technology, Equipment, Fuel, TCA

High Cost of Hydrogen Remains a Drag on Adoption

If hydrogen fuel cell technology is going to become a desired and viable electric vehicle power source, the cost will have to come down.

July 18, 2023
Government, Business, Technology

Stellantis Sees Risk of New Chip Shortage on Demand Surge

Stellantis NV expects semiconductor shortages to re-emerge on growing demand for electric vehicles at a time of increased geopolitical risk, making the current respite short-lived.

July 18, 2023
Business, Logistics, For-Hire

XPO Bolsters Capacity With Expansion in Georgia

XPO has completed the expansion of one of its service centers near Atlanta in an effort to grow capacity in the area, the company announced July 13.

July 18, 2023