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.

BusinessEquipment

November Used Class 8 Sales Rise 2% Year-Over-Year

Used Class 8 truck sales rose just shy of 2% year-over-year in November to 20,500 units from 20,100 vehicles, ACT Research reported.

January 4, 2024
GovernmentBusinessSafetyLogisticsGlobal Freight

Spot Container Shipping Rates Soar 173% on Red Sea Threats

Short-term rates for container shipping between Asia, Europe and the U.S. are climbing on reduced capacity caused by the threats to cargo vessels in the Red Sea.

January 4, 2024
BusinessTechnology

GM Misses 2023 EV Goal by Half as Production Woes Persist

General Motors Co. missed its goal of producing 150,000 electric vehicles last year, with about half of them being new models built using its Ultium battery pack, by a significant margin.

January 4, 2024
BusinessSafetyLogistics

ATRI Asks Truckers for Views on Barriers to Female Drivers

The American Transportation Research Institute launched a survey seeking responses from both male and female drivers on barriers women face in pursuing driving careers. 

January 3, 2024
GovernmentBusiness

Carmakers End 2023 With High Rates, Prices Affecting Sales

U.S. auto sales softened at the end of last year as higher financing costs and near-record prices took their toll on would-be buyers.

January 3, 2024
GovernmentBusinessSafety

Truck Parking Eyed in Planning for Rest Area Site in Oregon

Planning is underway to revitalize a heavily congested rest area on Mount Hood in Oregon that would include truck parking spaces.

January 3, 2024
GovernmentBusinessEquipment

US Factory Activity Shrinks for 14th Straight Month

A measure of U.S. factory activity remained stuck in contraction territory for a 14th straight month at the end of 2023, restrained by weaker orders.

January 3, 2024
BusinessTechnology

VW Sees Positive Results for Potential Breakthrough Battery

Volkswagen said its battery startup has seen positive results with solid-state cells for electric vehicles, a win for the carmaker as it pushes to make EVs more efficient and less expensive.

January 3, 2024
GovernmentBusinessEquipment

Cummins to Pay $2 Billion Fine After Emissions Probe

Cummins agreed to pay a $2 billion penalty as part of a Department of Justice investigation that determined devices that bypassed emissions sensors had been installed on Cummins engines.

January 2, 2024
BusinessSafety

Driver Recruitment Success Hinges on Freight Turnaround

Experts are having a difficult time predicting the demand for professional truck drivers this year, saying it ultimately will hinge on an anticipated freight market turnaround. 

January 2, 2024