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.

BusinessLogisticsFor-Hire

Ryder to Acquire Cardinal Logistics

Ryder System Inc. is acquiring Cardinal Logistics in a deal that will add 2,900 power units, 3,400 drivers and 200 operating locations to its existing network.

February 1, 2024
BusinessLogistics

China Overtakes Japan as Top Auto Exporter in 2023

TOKYO — Data from a Japanese auto industry association shows that China overtook Japan as the world’s largest vehicle exporter last year.

February 1, 2024
GovernmentBusinessLogistics

$2 Million Michigan Grant Helps Fifth Wheel Freight Expand

Michigan Gov. Gretchen Whitmer recently touted a $2 million grant to Fifth Wheel Freight as an example of economic development funds strengthening the state’s supply chain network.

January 31, 2024
GovernmentBusinessSafetyLogistics

House T&I Presses White House to Safeguard Supply Chain

House transportation policymakers renewed calls for the Biden administration to enhance its response to growing supply chain concerns.

January 31, 2024
GovernmentBusinessSafety

FMCSA Weighs Commercial Driver License Streamlining

Federal trucking regulators are proposing to speed up the process for obtaining a commercial driver license by removing a number of regulatory restrictions.

January 31, 2024
BusinessLogisticsFor-HireTop 100

Forward Air Completes Acquisition of Omni Logistics

Forward Air on Jan. 25 announced the completion of its long-pending acquisition of Omni Logistics, with both companies’ leaders touting the benefits of the merger.

January 31, 2024
GovernmentBusinessFuel

Nevada Lands Renewable Diesel Production, Distribution Hub

Nevada Gov. Joe Lombardo approved $11.7 million in tax abatements for Edgewood Renewables to help it create a biofuel refinery hub that would produce renewable diesel and sustainable aviation fuel.

January 31, 2024
BusinessTop 100

ODFL Reports Slight Revenue Bump to $1.5 Billion for Q4

Old Dominion Freight Line experienced nearly flat earnings and a slight revenue bump to $1.5 billion during the fourth quarter of 2023, the company reported Jan. 31.

January 31, 2024
GovernmentBusinessTCA

Oregon Trucking Stakeholders Sue State Over Road Taxes

The Oregon Trucking Association, along with three trucking firms, has sued the state and its top politicians, alleging that truckers have been charged more than their share of road taxes.

January 31, 2024
BusinessLogisticsGlobal FreightTCA

Container Boom Leads to Q4 Earnings Dip at Hapag-Lloyd

HAMBURG, Germany — The sharp drop in freight prices following the pandemic has caused a slump in sales and profits at German container shipping company Hapag-Lloyd.

January 31, 2024