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.

GovernmentBusinessEquipment

GM Reaches Tentative Deal With UAW to End Strike

General Motors Co. reached a tentative agreement with the United Auto Workers, according to people familiar with the matter, bringing an end to a 6-week-old strike.

October 30, 2023
BusinessLogistics

St. Lawrence Seaway Reaches Deal to End Shipping Strike

A deal was reached Oct. 29 to end a weeklong strike that had shut down a major shipping artery in the Great Lakes, halting the flow of grain and other goods from the U.S. and Canada.

October 30, 2023
Business

UAW OKs Tentative Deal With Stellantis, Escalates GM Strike

DETROIT — The UAW union has widened its strike against GM, the lone holdout among the three Detroit automakers, after reaching a tentative contract agreement with Jeep maker Stellantis.

October 29, 2023
BusinessLogisticsFor-Hire

Universal Reports Revenue Decline Amid Q3 Headwinds

Universal Logistics Holdings experienced an overall decrease in revenue, with each segment facing year-over-year declines for the third quarter of 2023, the company reported Oct 26.

October 27, 2023
BusinessFuel

Haslams, Buffett Tangled in Accounting Spat Over Pilot

The Haslam family says majority owner Berkshire Hathaway is trying to artificially depress Pilot Travel Centers' value to lower the price it has to pay to get the remaining 20% of the company. 

October 27, 2023
GovernmentBusinessEquipmentSafety

Iowa Schools Get $4.8 Million in Grants for CDL Training

With Iowa projected to need more than 10,000 truckers yearly through 2030, Gov. Kim Reynolds  again has taken steps to get more drivers behind the wheel.

October 27, 2023
BusinessTechnologyEquipment

Ford Pulls Profit Forecast on Strike Impact

Ford Motor Co. said it fell short of third-quarter earnings expectations, citing higher costs and lower quality, a day after it won labor peace through a tentative contract with the UAW.

October 27, 2023
GovernmentBusinessTechnologyAutonomous

Cruise Grounds Robotaxi Fleet After California Suspension

Cruise has grounded its entire fleet just days after its license was suspended by California, in a setback for the company that has been laying the groundwork to expand to multiple cities.

October 27, 2023
BusinessTechnologyPrivate

Amazon Reports Q3 Revenue Gained 13% to $143.1 Billion

Amazon CEO Andy Jassy gave investors much of what they wanted: robust sales and profit growth along with a hint that the cloud division earnings machine is regaining momentum.

October 27, 2023
BusinessSafetyLogistics

Norfolk Southern Turns to Automated Inspection Portals

Norfolk Southern has installed automated inspection portals on its tracks in Ohio — not far from where one of its trains went off the tracks in February and spilled chemicals that caught fire.

October 26, 2023