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.

BusinessTechnologyFuel

Renewable Diesel Output Rises as Alternatives Proliferate

U.S. renewable diesel production took a number of steps forward over the past couple of weeks as two more facilities came online and another ramped up.

May 10, 2023
BusinessTechnologyAutonomous

GM’s Cruise to Expand Robotaxi Service to Dallas and Houston

Cruise, the self-driving vehicle unit majority owned by General Motors Co., plans to expand its robotaxi service to Houston and Dallas.

May 10, 2023
BusinessTechnologyEquipmentSafetyFuel

Electric Truck Options Expand

Battery-electric trucks are still a young, emerging segment of the commercial vehicle market, but fleet operators already can choose from a broad selection of electric vehicle options.

May 10, 2023
BusinessTechnologyEquipmentSafety

Peterbilt Unveils Model 589

FORT WORTH, Texas — Peterbilt Motors Co. introduced its new Model 589 truck during an event at Texas Motor Speedway that included customers, dealers and media.

May 10, 2023
BusinessTechnologyEquipment

New EV Models Drive Up North American Factory Production

North American factories cranked out 219,000 battery-powered cars and trucks in the first three months of the year, a 39% increase over the year-earlier period.

May 10, 2023
BusinessTechnologyEquipment

Rivian Reports Better-Than-Expected Loss, Affirms EV Plans

Rivian Automotive Inc. reported a narrower-than-expected loss to start the year and reaffirmed its annual production plans as efforts to cut costs buoyed the electric vehicle maker.

May 10, 2023
GovernmentBusinessSafety

Illinois to Add Truck Parking at Three Rest Areas

Illinois plans to build a total of more than 100 new truck parking places in two rest areas on Interstate 55 and one on I-24 in a $197.5 million investment in 22 freight mobility projects.

May 10, 2023
BusinessLogisticsTop 100

GXO Reports Record Revenue of $2.3 Billion for Q1

GXO Logistics reported its highest-ever first-quarter revenue when its earnings report was released May 9.

May 10, 2023
BusinessLogisticsFor-HireTCA

XPO Confirms Job Cuts to Reduce Labor Costs

GREENWICH, Conn. — XPO, one of the world’s largest freight transporters, is reducing its workforce as part of a cost-cutting plan.

May 9, 2023
BusinessTechnologyEquipment

Westport Posts Q1 Loss

Westport Fuel Systems Inc. shifted to the red from the black in the first three months of 2023, it said May 9.

May 9, 2023