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.

BusinessTechnologyEquipmentLogistics

Phillips Industries Announces Plans to Move Manufacturing to Mexico in 2023

ORLANDO, Fla. — Phillips Industries by the end of 2023 will move its manufacturing base from China to North America with the launch of full-time operations near Monterrey, Mexico, the company announced.

February 27, 2023
BusinessEquipmentSafetyPerspective

Perspective: Knowing Cargo Theft Risks

As shippers continue to contend with supply chain disruption, they’re simultaneously experiencing another risk: historic levels of cargo theft, Loadsure's Jim Heide writes in a perspective.

February 27, 2023
BusinessLogistics

Union Pacific Looking for New CEO to Replace Lance Fritz

Union Pacific Corp. said it’s looking for a candidate to replace Chief Executive Officer Lance Fritz. A hedge fund that owns a roughly $1.6 billion stake in Union Pacific pushed for his ouster. 

February 27, 2023
BusinessTechnologyEquipmentSafety

New ConMet App Looks to Expedite Freight Mobility

ORLANDO, Fla. —  ConMet announced a set of technology tools for improving communication and efficiency industrywide Feb. 26.

February 26, 2023
BusinessTechnologyEquipmentFuel

NACFE Releases Report on ‘Messy Middle’ for Decarbonization of Trucking

ORLANDO, Fla. — The North American Council for Freight Efficiency has released a new report examining the myriad powertrain decisions trucking companies will face on the industry’s journey toward decarbonization.

February 26, 2023
BusinessTechnologyEquipment

Clarios: No Dead Batteries on the Road for Commercial Fleets

ORLANDO, Fla. — Clarios presented its newest battery software program at the Technology & Maintenance Council Annual Meeting and Transportation Technology Exhibition on Feb. 26.

February 26, 2023
BusinessTechnologyEquipment

Decisiv Report Shows Maintenance Cost Increases Are Slowing

ORLANDO, Fla. — Trucking continues to face rising maintenance and repair costs, but the degree to which they are increasing has slowed, a Decisiv executive said Feb 26.

February 26, 2023
BusinessTechnologyEquipment

Heavy-Duty Repair Revenue Recovers to Pre-COVID Norms

ORLANDO, Fla. — The heavy-duty repair shop industry has seen business levels return to where they were before the coronavirus pandemic, a new report determined.

February 26, 2023
BusinessEquipmentSafety

J.B. Hunt Driver Andrew Waits Named Goodyear Highway Hero

ORLANDO, Fla. — J.B. Hunt driver Andrew Waits of Tacoma, Wash., who helped save the life of an unconscious motorcyclist, was named the 38th winner of the Highway Hero Award presented by The Goodyear Tire & Rubber Co.

February 26, 2023
BusinessTechnologyEquipmentSafety

Michelin Launches Sustainability-Focused Fleet Management Brand

ORLANDO, Fla. — Michelin launched a fleet management brand focused on improving sustainability in commercial trucking, the company announced Feb. 26. The Michelin Connected Fleet brand brings a portfolio of data-driven solutions to the industry.

February 26, 2023