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.

GovernmentBusinessSafety

South Dakota Technical Colleges Get Funds for CDL, Diesel Tech Programs

New equipment for diesel technology and commercial driver license training are part of the $10 million investment South Dakota is providing to four state technical colleges.

February 9, 2023
BusinessLogisticsFor-Hire

Forward Air Reports Q4, Full-Year Records

Forward Air Corp. reported record fourth-quarter and full-year revenue, operating income and net income per diluted share Feb. 8.

February 9, 2023
Business

Toyota Keeps Conservative Profit View as CEO Transition Looms

Toyota Motor Corp. posted third-quarter profit that topped estimates, but kept its conservative outlook for the year intact.

February 9, 2023
GovernmentBusinessTechnologyFuel

DOE Encourages 33 Regional Hydrogen Hubs to Compete in Final Funding Phase

The Department of Energy advised proposed consortiums backed by states and others competing for a share of $7 billion in federal funds for their regional hydrogen hubs to get their permits, cost projections and community outreach plans in order.

February 8, 2023
GovernmentBusinessTechnologyEquipmentAutonomousFor-Hire

Electric, Autonomous Trucks Hold Promise, Executives Say

LAS VEGAS 鈥 Autonomous and electric-powered trucks hold great potential to improve safety and efficiency in the freight transportation sector, but it will take time for these emerging technologies to overcome various market challenges and achieve widespread commercialization, industry executives said.

February 8, 2023
BusinessTechnologyEquipmentFuel

Another $237 Million for Honda Battery Plant Project in Ohio

COLUMBUS, Ohio 鈥 Ohio鈥檚 privatized economic development office has finalized an agreement with Honda to infuse $237 million into development of a massive battery plant project that the Japanese automaker plans to use to transform the state into its North American electric vehicle hub.

February 8, 2023
BusinessEquipment

January Class 8 Truck Orders Continue Monthly Decline

North American Class 8 orders in January hit 18,400 units, continuing a monthly decline since peaking in September, ACT Research reported.

February 8, 2023
GovernmentBusinessTCA

Ohio Weighs Two-Year, Multibillion-Dollar Transportation Budget

Ohio DOT Director Jack Marchbanks emphasized increased costs during a Feb. 7 hearing in which he unveiled Gov. Mike DeWine鈥檚 transportation budget recommendations.

February 8, 2023
BusinessLogisticsTop 100

Werner Reports Earnings Decline Despite Revenue Gain in Q4

Werner Enterprises experienced an earnings decline despite revenue gains due to changing macroeconomic conditions in the fourth quarter, the company reported Feb. 7.

February 8, 2023
BusinessEquipmentGlobal Freight

Maersk Sees Global Trade Contracting as Much as 2.5% in 2023

A.P. Moller-Maersk A/S said 鈥渕uted鈥 economic growth is set to push the world鈥檚 container shipping volumes down by as much as 2.5% this year.

February 8, 2023