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.

Business

Expert: Fleet Employment Management Undergoing Rapid Change

AUSTIN, Texas — CarriersEdge President Mark Murrell showed on Oct. 16 that employment management in the trucking industry has been going through rapid changes in the past year.

October 17, 2023
GovernmentBusinessSafetyLogistics

Iowa Extends Overweight Loads Limit Until Nov. 11

Iowa Gov. Kim Reynolds has extended through Nov. 11 the state’s seasonal grain harvest proclamation allowing overweight loads for vehicles transporting agricultural products. 

October 17, 2023
Business

Chris Stapleton, Sting Entertain Trucking Leaders

AUSTIN, Texas — Country singer-songwriter Chris Stapleton and legendary pop rock musician Sting performed back-to-back sets at Daimler Truck North America’s 2023 Customer Appreciation Event.

October 17, 2023
BusinessTechnologyLogisticsTCA

Flexport Lays Off 165 Employees

Freight logistics company Flexport has laid off 165 employees from its Bellevue, Wash., office, part of broad job cuts that will impact 20% of the workforce.

October 17, 2023
BusinessTechnology

Relay Launches Freight Payment System for Brokers

Relay Payments is to start offering a freight payment option specifically targeted at brokers called RelayDirect, the company said Oct. 17.

October 17, 2023
BusinessTechnologyEquipment

Volta Trucks Files for Bankruptcy After Supply Chain Fails

Sweden’s Volta Trucks AB is planning to file for bankruptcy following a breakdown in its supply chain, the company said.

October 17, 2023
GovernmentBusinessTechnologySafetyAutonomous

NHTSA to Investigate Cruise Over Pedestrian Incidents

NHTSA is investigating General Motors’ Cruise autonomous vehicle division after receiving reports of incidents where vehicles may not have used proper caution around pedestrians.

October 17, 2023
Business

Chairman Ford Calls on Autoworkers to End Strike

DETROIT — Ford Motor Co. Executive Chairman Bill Ford on Oct. 16 called on autoworkers to end a monthlong strike that he says could cost the company the ability to invest in the future.

October 16, 2023
GovernmentBusiness

Spear Targets Truck Excise Tax, Legal Reform

AUSTIN, Texas — During his annual State of the Industry address, ATA President Chris Spear emphasized a need for litigation reform and the repeal of a federal excise tax on new trucks.

October 16, 2023
GovernmentBusiness

Mild Recession in 2024 Possible, Costello Says

AUSTIN, Texas — American Trucking Associations Chief Economist Bob Costello said the U.S. economy still runs the risk of sliding into a short recession in 2024.

October 16, 2023