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.

BusinessTechnologyFuel

California Expanding Fleet of Hydrogen Passenger Trains

The California Department of Transportation announced on Feb. 14 a $127 million agreement with Stadler Rail AG to expand its fleet of zero-emission, hydrogen-powered passenger trains.

February 14, 2024
BusinessTechnology

Ford Sees ‘Colossal’ Competitive Threat in Chinese EVs

Ford Motor Co. sees low-cost Chinese electric vehicles as a “colossal strategic threat†that will arrive on U.S. shores, as automakers already confront shaky consumer demand for EVs.

February 14, 2024
BusinessTechnologyLogisticsAutonomous

GXO Reports Profit, Revenue Increased in Fourth Quarter

GXO Logistics reported an increase in revenue and earnings year-over-year during the fourth quarter, despite the softer freight market, the company detailed Feb. 14.

February 14, 2024
GovernmentBusinessPrivate

Colorado Files Lawsuit to Block Kroger-Albertsons Merger

Colorado sued to block Kroger Co.’s $24.6 billion acquisition of Albertsons Cos. in court Feb. 14, becoming the second state to challenge the deal.

February 14, 2024
GovernmentBusinessLogistics

Portland Port Asks Oregon for $10M to Save Container Service

Facing a $14 million shortfall, the Port of Portland is asking Oregon legislators for a $10 million injection this year to avoid ending container service at Terminal 6.

February 14, 2024
BusinessTechnologyEquipmentAutonomous

Volvo Offers Early Look at Redesigned VNL

DUBLIN, Va. — Volvo Trucks North America offered media a sneak preview of its redesigned VNL Class 8 tractor during a ride-and-drive event at its customer center.

February 14, 2024
BusinessLogisticsFor-Hire

Ryder Q4 Profit Slides on Weak Used Truck Prices, Rentals

Profits at Ryder System Inc. fell 39.8% in the fourth quarter of 2023 as weak freight conditions again sapped strength from used vehicle sales prices and rental activity, it said Feb. 14.

February 14, 2024
GovernmentBusinessSafetyLogistics

FMC: Sanctions Against Yemen Should Be Considered

Federal Maritime Commissioner Carl Bentzel says his office wants the U.S. government to investigate whether economic sanctions are warranted against Yemen.

February 14, 2024
BusinessEquipment

Medium-Duty Sales Continue Positive Trend

U.S. retail sales for medium-duty trucks increased 10.5% year-over-year in January, marking three months of positive gains, according to data from Wards Intelligence.

February 14, 2024
BusinessEquipment

Goodyear Q4 Loss Soars on Goodwill, Rationalization Charges

Losses nearly tripled at Goodyear in the fourth quarter of 2023 compared with the year-ago period as the tire manufacturer digested restructuring costs and sales slowed, including in the North American commercial vehicle sector.

February 13, 2024