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, Technology

Dismal Sales Undercut Carmakers Pushing Hydrogen Fuel Cells

Toyota Motor Corp. and Hyundai Motor Co. have put their weight behind hydrogen fuel-cell vehicles, but dismal sales in 2022 suggest customers remain extremely wary.

June 8, 2023
Government, Business

Congressional Funding Leaders Eye Fiscal 2024 Bills

Moving on from monthslong negotiations over the nation’s debt ceiling, congressional leaders are turning their attention to the annual budget process on Capitol Hill.

June 7, 2023
Government, Business, Logistics

West Coast Ports See Disruption as Labor Talks Drag On

Tensions between the Pacific Maritime Association and the International Longshore and Warehouse Union are heating up as periodic, unannounced work stoppages occur at several ports.

June 7, 2023
Government, Business, Safety, TCA

North Carolina School Gets $1.7 Million to Expand CDL Program

A $1.7 million federal grant to help Guilford Technical Community College in Jamestown, N.C., expand its truck driver training program will be matched with $2.6 million in state funds.

June 7, 2023
Business, Equipment

Penske Automotive Group Buys Winnipeg Truck Retailer

Penske Automotive Group on June 5 acquired Transolutions Truck Centres, a Canadian retailer of medium- and heavy-duty commercial trucks and buses.

June 7, 2023
Business, Equipment

HTI Acquires U.S. Trailer Parts & Supply

Hinton Transportation Investments Inc. (HTI) acquired Chicago-based U.S. Trailer Parts & Supply Inc., a distributor of heavy-duty trailer parts, it said June 6.

June 7, 2023
Government, Business, Technology, Fuel

Ascend Makes Deal With Carmaker on Cathode Plant in Kentucky

Ascend Elements said it has reached a billion-dollar deal with an unnamed automaker to reprocess old batteries into cathode material, at a plant it is building in Hopkinsville, Ky.

June 7, 2023
Business, Technology, Equipment

Mack Trucks Showcases Upgraded Experience Center

ALLENTOWN, Pa. — Mack Trucks has opened the doors to its renovated Mack Experience Center, complete with an updated test track, redesigned meeting space and a renovated vehicle showroom.

June 6, 2023
Business, Technology, Equipment, Fuel, TCA

Stellantis’ Goal: Become No. 1 in Light Commercial Vehicles

The maker of Ram, Jeep, Dodge and Chrysler vehicles has set its sights on becoming the world’s top light-commercial vehicle company, but it’s going to face some major obstacles, experts say.

June 6, 2023
Business, Logistics

Saddle Creek to Expand 3PL Operations in Four States

Saddle Creek Logistics Services plans to expand its warehousing and fulfillment operations in four markets, the Lakeland, Fla.-based third-party logistics provider said.

June 6, 2023