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.

GovernmentBusinessTechnology

US, Japan Reach Deal on Vital Minerals for EV Batteries

TOKYO — Japan and the United States have reached an agreement on trade in critical minerals for electric vehicle batteries, part of an effort to ensure secure supplies of strategically important resources.

March 28, 2023
GovernmentBusinessTechnologySafety

NHTSA Opens Investigation Into Tesla Seat Belts Coming Loose

DETROIT — U.S. highway safety regulators have opened yet another investigation into problems with Teslas, this time tied to complaints that the seat belts may not hold people in a crash.

March 28, 2023
BusinessTechnology

Lyft Names David Risher New CEO as Co-Founder Steps Down

Lyft Inc. tapped David Risher to be its new CEO, replacing co-founder Logan Green as the ride-hailing company struggles to compete with bigger rival Uber Technologies Inc.

March 27, 2023
GovernmentBusinessFuel

Eighth-Straight Weekly Drop Brings Diesel to $4.128 a Gallon

The national average price for diesel marked its eighth consecutive weekly drop, shedding another 5.7 cents to dip to $4.128 a gallon, the Energy Information Administration reported.

March 27, 2023
BusinessTechnologyEquipment

Technology Helps Minimize Tractor-Trailer Pairing Errors

Some carriers are using technology designed to help prevent drivers from picking up the wrong trailer, and some telematics vendors are developing tractor-trailer pairing capability.

March 27, 2023
GovernmentBusinessSafety

Truck Parking a Priority for Administration, Buttigieg Says

Improving access to parking for the country’s truck drivers remains a priority for the Biden administration, Transportation Secretary Pete Buttigieg said recently.

March 27, 2023
BusinessTechnologyEquipmentFuel

Velocity Buys 200 Battery-Electric Trucks for Rental Fleet

Velocity Truck Rental & Leasing is adding 200 battery-electric trucks to its commercial truck rental and full-service truck leasing business, the company announced March 22.

March 27, 2023
GovernmentBusinessEquipment

Challenger Wins Close Race to Lead United Auto Workers Union

DETROIT — Challenger Shawn Fain defeated Ray Curry, president of the United Auto Workers, in a close election and vowed to take a more confrontational stance in negotiating with automakers.

March 27, 2023
GovernmentBusinessSafety

Biden’s Pick to Lead FAA Withdraws

WILMINGTON, Del. — President Joe Biden’s choice to run the Federal Aviation Administration, Phillip Washington,  has withdrawn his nomination, a setback for the administration.

March 27, 2023
GovernmentBusinessTechnologySafety

Union Pacific to Drop Push for One-Person Crews

OMAHA, Neb. — Union Pacific has become the second major freight railroad in the past week to back away from the industry’s long-standing push to cut train crews down to one person.

March 27, 2023