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.

BusinessFor-Hire

Knight-Swift Reports 69% Earnings Drop in Q3

Knight-Swift Transportation Holdings Inc. on Oct. 19 reported that its third-quarter earnings dropped by 69% year-over-year, even as revenue increased.

October 20, 2023
BusinessTechnologyEquipmentFuelTCA

Rivian Opens Showroom in Georgia, Plans Factory

Electric vehicle maker Rivian opened a new retail and customer service space in the heart of Atlanta to showcase its vehicles and confirmed plans to break ground on a new Georgia factory.

October 20, 2023
GovernmentBusinessSafety

New Texas CDL Training, Exam Site Seeks Students, Testers

A 20-acre truck driving center that is able to process 20,000 commercial driver license exams annually at a Texas community college is looking for out-of-state students and testing companies.

October 20, 2023
BusinessEquipment

Trucking Economy May Land Softly, Mack鈥檚 Randall Says

AUSTIN, Texas 鈥 Mack Trucks North America President Jonathan Randall on Oct. 16 expressed hope the economy is heading for a 鈥渟oft landing鈥 instead of a more severe falloff.

October 20, 2023
GovernmentBusinessFuel

Middle East Crisis Could Disrupt Oil Supplies, Raise Prices

WASHINGTON 鈥 Fifty years after the 1973 Arab oil embargo, the current crisis in the Middle East has the potential to disrupt global oil supplies and push prices higher.聽

October 20, 2023
BusinessTechnologyFuel

Toyota Will Join Tesla鈥檚 EV Charging Network

Owners of Toyota and Lexus electric vehicles in North America will be able to charge on Tesla鈥檚 network starting in 2025, and the Japanese automaker also will start using Tesla鈥檚 EV connector.

October 19, 2023
BusinessLogistics

CSX Quarterly Profit Falls 24%, but Efficiency Improves

OMAHA, Neb. 鈥 CSX reported a 24% drop in the railroad鈥檚 third-quarter profit Oct. 19 as it hauled 2% less freight, but the CEO said customers are noticing that its trains are running more smoothly.

October 19, 2023
BusinessEquipment

Volvo Reports 20% Revenue Boost for Q3, Sees Sales Dip in 2024

Volvo Group on Oct. 18 announced gains in global profit and revenue for the third quarter, but forecast that global truck sales next year will fall compared with 2023 levels.

October 19, 2023
BusinessTechnologyLogistics

Convoy Shuts Down After Failing to Find Buyer

Digital freight network Convoy Inc. was forced to shut its doors after no viable options to continue operations emerged, CEO Dan Lewis said in an Oct. 19 memo to employees.

October 19, 2023
BusinessLogistics

Autonomous Trucks Could Create Safer Roads

Experts say technology goes beyond greater efficiency in freight transportation. Autonomous truck developers and their industry partners see opportunities for this technology to improve road safety and create more desirable jobs for drivers. 聽

October 19, 2023