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.

BusinessTechnologyEquipment

General Motors Q2 Earnings Rise 52% on Strong Sales, Prices

DETROIT — Despite taking on a huge chunk of an expensive electric vehicle recall, General Motors posted $2.54 billion in second-quarter net income, a 52% increase over a year ago. 

July 25, 2023
BusinessLogisticsFor-Hire

FedEx Pilots Reject Proposed Multiyear Contract

Union pilots who fly for FedEx announced on July 24 the rejection of a proposed multiyear contract from the company, with 57% of members voting against the deal.

July 24, 2023
GovernmentBusinessEquipmentSafety

Truckers Largely Oppose Side Underride Guard Proposed Rule

American Trucking Associations is among several industry stakeholders objecting to a NHTSA  proposal that would require side underride guards on heavy trucks.

July 24, 2023
GovernmentBusinessFuel

Rural States, Groups Tell EPA of Emissions Proposal Concerns

Stakeholders are expressing concerns about the costs associated with a proposal aimed at expanding use of electric vehicles and curtailing the prevalence of internal combustion engines.

July 24, 2023
BusinessTechnologyEquipment

Leasing Offers Pathway for Fleets Interested in EVs

Fleets that want to test the waters with electric vehicles or other technology don’t have to do it themselves or even use their own trucks. Leasing companies are providing that opportunity.

July 24, 2023
BusinessLogistics

GSC Logistics Acquires Transloading Firm MacMillan-Piper

Third-party logistics provider GSC Logistics Inc. has expanded service capabilities by acquiring transloading company MacMillan-Piper, the company announced July 24.

July 24, 2023
Business

Odds of a Recession Are Receding, Economists Say

A strong majority of business economists now say odds of the U.S. entering a recession in the next 12 months are 50% or less, according to a National Association for Business Economics survey.

July 24, 2023
BusinessLogisticsFor-HireTCA

Companies That Ship With UPS Develop Contingencies

Some large retailers and other companies across the country are warning customers of potential delivery delays if there is a UPS strike.

July 24, 2023
GovernmentBusinessTechnologyEquipmentTCA

GOP House Leaders Investigate Ford Battery Agreement

WASHINGTON — Republican congressional leaders sent a letter to Ford CEO Jim Farley claiming documents show hundreds of jobs at a planned battery plant will go to employees of a Chinese firm.

July 24, 2023
GovernmentBusinessTechnologyTCA

Construction to Begin on North Carolina’s First Auto Plant

Ground will be broken July 28 on North Carolina's first car manufacturing plant. VinFast plans a $4 billion electric vehicle production and assembly plant near Moncure.

July 24, 2023