Trucking Business News

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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.

BusinessFuel

Nikola Short Sellers Take a Hit on EV Maker’s Recent Rally

Nikola Corp. shares have nearly doubled this week in a rally that’s eating into paper profits for traders betting against the EV maker and setting them up for a short squeeze.

June 16, 2023
GovernmentBusinessTechnologyFuel

Grid Planning Must Accommodate Electric Trucks

Electrification of longhaul trucking in the U.S., and globally, will require power-grid operators and regulators to change their planning processes.

June 16, 2023
BusinessLogisticsTop 100

Michigan Welcomes RXO to Ann Arbor

Michigan state officials are enthusiastic about 140 new jobs and a $2.35 million expansion in Ann Arbor by RXO Corporate Solutions to increase its brokerage presence.

June 16, 2023
Business

UPS Workers Give Union Leaders Option to Call Strike

UPS Inc.’s unionized workers voted in favor of giving Teamsters leaders the option to call a strike as the two sides continue talks to renew a five-year labor contract.

June 16, 2023
BusinessTechnologyFuel

Relay Inks Digital Fuel Payment Deal With Pilot

Relay Payments’ digitized diesel payment platform is set to be available at Pilot Co.’s more than 800 truck stops, the companies said June 14.

June 16, 2023
GovernmentBusinessLogistics

FMCSA Issues Guidance on Brokerage, Dispatch Service Terms

The Federal Motor Carrier Safety Administration has issued final regulatory guidance on its definitions of ‘‘broker’’ and ‘‘bona fide agents.â€Â 

June 16, 2023
BusinessTechnologyFuel

Nikola Needs New Leadership, Says Trevor Milton

Nikola Corp. founder Trevor Milton called for leadership change at the electric truck maker and urged shareholders to vote against upcoming company-backed proposals.

June 15, 2023
BusinessTechnologyLogisticsPrivate

Amazon Debuts ‘HQ2’ Complex in Virginia

ARLINGTON, Va. — Amazon unveiled its new headquarters complex in Virginia June 15, a pair of gleaming amenity-packed towers that leaders hope will persuade employees to return to the office.

June 15, 2023
GovernmentBusiness

Labor Secretary Nominee Su Awaits Senate Vote Amid Pushback

Nearly two months after a committee approved Acting Labor Secretary Julie Su’s nomination to lead the department, Democratic leaders in the Senate have yet to schedule a floor vote.

June 15, 2023
BusinessTechnologyFuelLogistics

Intermodal Players Lead on ESG Scores

Trucking and logistics companies with a focus on intermodal operations have been leading on environmental, social and corporate governance scoring in the transportation space.

June 15, 2023