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.

BusinessLogisticsTop 100TCA

Penske Logistics Names Jeff Jackson President

Penske Logistics has named Jeff Jackson president, succeeding Marc Althen, who is retiring.Ā A longtime Penske leader, Jackson has more than 28 years' experience in transportation.

January 5, 2024
GovernmentBusinessTechnologySafetyAutonomous

Driverless Truck Companies Hoping to Ditch Human Copilots

Driverless trucks with no humans on board will soon cruise Texas highways if three firms have their way despite objections from critics who say finances, not safety, is behind the timetable.

January 5, 2024
BusinessTop 100TCA

Groendyke Transport Names Joe Morrissey President

Groendyke Transport, which has operated for more than 90 years, announced Jan. 4 that Joe Morrissey has been named president.

January 5, 2024
BusinessTechnologySafetyAutonomous

Tesla Recalls Chinese Exports to Fix Steering, Door Glitches

Tesla is recalling more than 1.6 million Model S, X, 3 and Y electric vehicles exported to China for problems with their automatic assisted steering and door latch controls.

January 5, 2024
GovernmentBusiness

Economic Strength Persists With 216,000 New Jobs in December

The nation’s employers added a robust 216,000 jobs in December 2023, the latest sign that the American labor market remains resilient even in the face of sharply higher interest rates.

January 5, 2024
GovernmentBusinessSafetyGlobal Freight

Maersk Extends Red Sea Diversion and Warns Risk Will Persist

A.P. Moller-Maersk A/S plans to continue diverting ships away from the Red Sea ā€œfor the foreseeable futureā€ after pausing transits earlier this week to assess the situation.

January 5, 2024
BusinessTechnologyEquipmentAutonomous

Update: Federal Funding Bill Tops 2024 Agenda

It was late into 2023 when Rep.Ā Mike JohnsonĀ (R-La.) first addressed the U.S. House of Representatives in his new role as Speaker of the House, but Johnson hit the ground running.

January 5, 2024
BusinessLogisticsGlobal Freight

Amazon Captured 29% of Online Orders Before Christmas

Amazon's share of online orders spiked in the final days of the holiday season, showing how big investments in delivery speed paid off as shoppers sought out products they could get quickly.

January 5, 2024
BusinessTechnology

Kia, Toyota, Ford Earn 2024 APA North American Awards

The Kia EV9 large electric SUV won the 2024 North American Utility of the Year award, while the Toyota Prius hybrid took the top car honors, and Ford’s Super Duty pickup won the truck award.

January 4, 2024
GovernmentBusinessTechnologyEquipmentSafety

Secretary Buttigieg to Headline Annual TRB Conference

Transportation Secretary Pete Buttigieg is among the senior officials headlining the Transportation Research Board meeting this year.

January 4, 2024