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

Stephen Roy Named Mack Trucks President

Volvo Group announced May 9 that it has appointed Stephen Roy to become the president of its Mack Trucks subsidiary.

May 15, 2023
BusinessTechnologyEquipmentLogisticsAutonomousTop 100

°®¶¹´«Ã½, C.R. England Team on Autonomous Pilot

Self-driving-trucks technology firm °®¶¹´«Ã½ and refrigerated carrier C.R. England are teaming up on a pilot program.

May 15, 2023
GovernmentBusinessEquipmentSafety

Air Bag Manufacturer Refusing NHTSA’s Request to Recall

ARC Manufacturing could be heading for a legal battle with U.S. auto safety regulators after refusing a request that millions of potentially dangerous air bag inflators be recalled.

May 15, 2023
GovernmentBusiness

Regulators Announce Members of Truck Leasing Task Force

Federal regulators have appointed nine individuals to serve on a truck-leasing task force that is charged with evaluating lease agreements in the trucking industry.

May 15, 2023
GovernmentBusinessTechnologyFuel

Study Urges Excise Tax Repeal for Electric Trucking Takeoff

Repeal of the federal excise tax on heavy-duty commercial vehicles should be a key tool in the push to reduce trucking’s greenhouse gas emissions through electrification, a study says.

May 12, 2023
BusinessLogisticsFor-HireTCA

U.S. Xpress Cuts Corporate Staff Ahead of Knight-Swift Deal

After losses widened in Q1, U.S. Xpress has cut its corporate staff for the third time in the past year as the trucking giant prepares to merge with the larger Knight-Swift Transportation.

May 12, 2023
GovernmentBusinessLogisticsGlobal FreightTCA

Chicago Suburbs Appeal Federal Approval of CPKC Rail Merger

A group of suburban Chicago communities is appealing the federal approval of the Canadian Pacific-Kansas City Southern merger that is expected to bring more freight trains to the area.

May 12, 2023
GovernmentBusinessTechnology

Commerce Department to Award Grants to Fund Tech Hubs

WASHINGTON — The Commerce Department is launching the application process for cities to receive a total of $500 million in grants to become technology hubs.

May 12, 2023
GovernmentBusiness

Consumer Long-Term Inflation Expectations Hit 12-Year High

U.S. long-term inflation expectations unexpectedly accelerated in early May to a 12-year high and consumer sentiment soured, reflecting growing concerns about the economic outlook.

May 12, 2023
GovernmentBusinessTCA

San Antonio Water Utility Is Electrifying Its Fleet

San Antonio Water System is doing its part to help the environment by cutting down on greenhouse gas emissions by adding 13 fully electric vehicles to its fleet.

May 11, 2023