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.

GovernmentBusinessLogistics

Strike Halts All Shipping on St. Lawrence Seaway

MINNEAPOLIS — A strike has shut down all shipping on the St. Lawrence Seaway, interrupting exports of grain and other goods from Canada and the U.S. via the Great Lakes to the rest of the world.

October 26, 2023
GovernmentBusinessTechnologyFuelLogistics

Ports Consider Digitization Strategies to Track Cargo

AURORA, Colo. — Ports and shippers are exploring ambitious port digitization and tracking system projects that allow stakeholders across the supply chain to track cargo in real time.

October 26, 2023
BusinessTechnologySafetyFor-Hire

Estes Express IT System Fully Restored, COO Says

Estes Express Lines’ information technology systems are “completely restored” after a cyberattack earlier in October, according to Chief Operating Officer Webb Estes.

October 26, 2023
BusinessFor-Hire

UPS Reports Lower Earnings on Labor Deal Costs

UPS Inc. cut its annual profit target on a spike in costs from a new union labor contract and weaker package demand.

October 26, 2023
GovernmentBusiness

Economy Accelerated to a Strong 4.9% Rate Last Quarter

WASHINGTON — The nation’s economy expanded at a robust 4.9% annual rate from July through September as Americans defied rising interest rates to spend at a brisk pace.

October 26, 2023
Business

Ford, UAW Reach Tentative Deal

DETROIT — The United Auto Workers union said Oct. 25 it has reached a tentative contract agreement with Ford that could be a breakthrough toward ending the nearly 6-week-old strikes.

October 25, 2023
BusinessLogistics

Canadian Pacific Earnings Fall, 2023 Outlook Revised

Railway operator Canadian Pacific Kansas City Ltd. said a weakening economy and spate of labor disruptions weighed on freight volumes in the third quarter more than management anticipated.

October 25, 2023
BusinessLogistics

Port Leaders See Viability of Inland Facilities

AURORA, Colo. —  As land around the nation’s congested seaports gets more expensive, executives at  AAPA's annual convention said a viable option is to develop inland ports.

October 25, 2023
BusinessEquipmentFuelLogistics

Congestion Cost Trucking a Record $94.6 Billion in 2021

Snarled traffic added $94.6 billion in costs to the trucking industry in 2021, up from $74.5 billion in 2016, according to a study by the American Transportation Research Institute.

October 25, 2023
BusinessTechnologyLogisticsTCA

Former Employees Looking to Buy Convoy, Report Says

Convoy, the Seattle-based freight startup that shut down last week, is being sold, according to a former Convoy employee familiar with the deal.

October 25, 2023