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.

BusinessTechnologyLogistics

Flexport Founder Ryan Petersen to Return as CEO

Flexport CEO Dave Clark is abruptly leaving the startup after a year, making way for the return of founder Ryan Petersen and highlighting pressure on startups in the logistics industry.

September 7, 2023
BusinessTechnologyEquipmentAutonomous

Former Ford, VW Executives Start Stack AV

The founders of the former self-driving unit of Ford Motor Co. and Volkswagen AG are launching a new autonomous trucking startup, Stack AV,聽 with backing said to be more than $1 billion.

September 7, 2023
GovernmentBusinessEquipmentLogistics

Jaxport to Buy Two Ship-to-Shore Cargo Cranes

Florida state legislators have given Jacksonville Port Authority officials a $30 million check to purchase two new ship-to-shore container cranes for the Blount Island Marine Terminal.

September 6, 2023
BusinessLogistics

TFI Buys Tank Truck Specialist Vedder in Ninth Deal of 2023

TFI International Inc. acquired tank transport specialist Vedder Transportation Group, the company said, in what was its ninth acquisition so far in 2023.

September 6, 2023
BusinessTechnology

Fain: Strike is 鈥楾he Plan鈥 if Deals Not Reached Next Week

The head of the United Auto Workers warned Sept. 6 that the union plans to go on strike against any Detroit automaker that hasn鈥檛 reached a new agreement by the time contracts expire next week.

September 6, 2023
GovernmentBusiness

US Trade Deficit Widened by Less than Expected in July

The U.S. trade deficit widened in July by less than forecast, reflecting an increase in exports of cars and services.

September 6, 2023
GovernmentBusinessTechnologyAutonomousFor-Hire

FAA Clears UPS Drones for Longer Flights

Two more companies including UPS have been granted approval to fly drones beyond the sight of ground operators in a key step that could eventually enable widespread package delivery.

September 6, 2023
BusinessTechnologyEquipment

ELeapPower Brings Integrated Inverter to Medium-Duty BEVs

MUNICH 鈥 Canadian startup eLeapPower said it is bringing its integrated power electronics to the medium-duty battery-electric truck market in North America.

September 6, 2023
GovernmentBusinessTechnology

Carmakers Are Failing the Privacy Test

BOSTON 鈥 Cars are getting an 鈥淔鈥 in data privacy. Most major manufacturers admit they may be selling your personal information, a new study finds.

September 6, 2023
BusinessTechnologyEquipment

Daimler, Cummins and Paccar Partner on EV Battery Plant

Daimler Truck Holding, Accelera by Cummins and Paccar are investing billions in a joint venture to advance battery cell production in the U.S.

September 6, 2023