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

Used Class 8 Sales Rise 4.65% in August

Used Class 8 truck sales rose 4.65% in August to 22,500 from 21,500, the first year-over-year increase since November, according to the latest data from ACT Research.

September 28, 2023
BusinessTechnologyFor-Hire

Heartland Express Deploys Isaac In-Cab Technology

Truckload carrier Heartland Express has deployed Isaac Instruments’ in-cab telematics system across its fleet, the companies said in a joint announcement.

September 28, 2023
Business

UAW Targets 30% Wage Bump to Satisfy Workers, Grow Members

The United Auto Workers union wants to emerge from its strike against Detroit’s three major automakers with at least a 30% pay raise, according to people familiar with the matter.

September 28, 2023
BusinessEquipmentFuel

Excitement Builds for Mack's Medium-Duty Electric Truck

Mack Trucks and Kriete Truck Centers discussed the encouraging signs they’re hearing from customers about the upcoming rollout of Mack's first medium-duty electric truck.

September 28, 2023
BusinessTechnologyLogisticsAutonomous

Uber Freight Adds AI Tools to Better Compete in Cargo Market

The freight unit of Uber Technologies has tapped its vast data files to create an AI tool that can predict late shipments — and make suggestions for alternative routes.

September 28, 2023
GovernmentBusinessTechnologyEquipmentFuel

Hyzon to Pay $25 Million Fine After Settling With SEC

Hyzon Motors will pay a $25 million fine to the U.S. Securities and Exchange Commission after an investigation, the Class 8 hydrogen-powered truck manufacturer said.

September 28, 2023
BusinessTechnologyEquipment

AGCO to Buy Trimble Assets for $2 Billion to Boost Farm Tech

AGCO Corp., one of the world’s largest agricultural tractor makers, will acquire technology assets from Trimble for $2 billion to boost its offerings in the precision agriculture market.

September 28, 2023
GovernmentBusiness

Q2 GDP Remains Steady at 2.1% Growth

WASHINGTON — The U.S. economy grew at a 2.1% annual pace from April through June, extending its sturdy performance in the face of higher interest rates, the government said Sept. 28.

September 28, 2023
BusinessTechnologySafetyLogisticsAutonomous

Trimble Continues Quest to Improve Connectivity in Trucking

Trimble is seeking to streamline industry workflows and forge closer connections among drivers, trucks, carriers, shippers and logistics providers.

September 27, 2023
GovernmentBusinessFuel

Carter Express Helps Nestlé Go Green With EV Yard Tractors

Two electric trucks from Carter Express Inc. went into operation at Nestlé’s production plant in Indiana thanks to a state grant for $600,000 covering most of the green supply chain project.

September 27, 2023