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

UPS Schedules Later Release of Midyear Earnings

UPS Inc. investors will wait longer than usual to hear from CEO Carol Tom茅 this quarter as the company works to avoid a harmful worker strike.

July 11, 2023
Business, Technology, Logistics, Private

Amazon Prime Day Invite-Only Deal Targets Buyer Frustration

Amazon.com Inc is alleviating some past Prime Day frustrations by dangling an 鈥渋nvite-only鈥 promotion designed to give customers a better shot at snagging the bargains they want.

July 11, 2023
Business, Technology, Logistics

ZS Fund Unites Lily Transportation, Transervice

Private equity firm ZS Fund has acquired dedicated contract carriage company Lily Transportation Corp., the company announced July 11.

July 11, 2023
Government, Business, Technology

UAW Strike Threats Heat Up Before Detroit Negotiations Begin

Besides the usual haggling over wages, pensions and health care, the UAW union ahead of negotiations with Detroit automakers has set its sights on securing a foothold in the EV industry.

July 11, 2023
Government, Business, Technology, Safety

How High Temperatures Break Down Electric Car Batteries

Electric vehicles, great for combating climate change, don鈥檛 do well in extreme heat. It鈥檚 a paradox being thrown into relief as multiple U.S. states bake under heat waves.

July 11, 2023
Business, Technology, Equipment

Daimler Stresses 鈥楾ransition鈥 to Green Energy

BOSTON 鈥 Daimler Truck during a Capital Market Day event recommitted to its ambitions for expansion of alternative fuels, stressing that diesel will remain an important part of the mix.

July 11, 2023
Business, Technology, Equipment

Renault, China鈥檚 Geely Sign $8.8 Billion Powertrain Tie-Up

France鈥檚 Renault SA has formally signed a joint venture agreement with China鈥檚 Zhejiang Geely Holding Group Co. to set up a new combustion engine and hybrid powertrain company.

July 11, 2023
Business, Equipment

Daimler Truck Increases Full-Year Guidance

BOSTON 鈥 Daimler Truck is updating its sales and financial guidance for the year and launching a share buyback program, moves the company said are buoyed by its business momentum.

July 11, 2023
Government, Business, For-Hire

Yellow Gains Financial Targets Waiver

Yellow Corp. will not have to meet certain financial targets under a deal with its lenders, winning valuable breathing space as it battles the Teamsters union and the threat of bankruptcy.

July 10, 2023
Government, Business

Used Car Prices Fall Most Since Pre-Pandemic

Used car prices in the U.S. fell 4.2% in June, their biggest monthly drop since the early days of the pandemic, as a key measure of inflation eases.

July 10, 2023