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.

GovernmentBusiness

Republicans to Review Supply Chain Operations

For their first order of business this year, Republicans on the transportation committee in the U.S. House of Representatives intend to delve into supply chain operations.

January 26, 2023
BusinessFor-Hire

Covenant Sees Year-End Slowdown

Covenant Logistics Group Inc. saw a 35% year-over-year decline in earnings amid marginal revenue improvements during the fourth quarter of 2022, the company reported Jan. 25.

January 26, 2023
GovernmentBusinessTechnologyLogistics

Trucking Groups Not Pleased With Toll Hikes in Northeast States

Toll increases this year in Pennsylvania, New Jersey and New York are frustrating trucking companies that are having to pass on costs in the form of higher freight charges.

January 26, 2023
BusinessTechnology

Toyota CEO Akio Toyoda to Step Aside, Become Chairman

TOKYO — Toyota set up a new leadership team Jan. 26 in what the Japanese automaker said was a move to stay abreast of social changes like electrification and becoming a wider “mobility company.â€

January 26, 2023
BusinessTechnologyAutonomous

Tesla Profits Beat Estimates

Tesla Inc. reported better-than expected profits in the latest quarter, signaling strength as it faces growing questions about carbuyer demand for its all-electric vehicle lineup.

January 26, 2023
BusinessTechnologyEquipmentFuel

Paccar Reports Strong Q4 Revenue, Income

Paccar Inc. beat market expectations for fourth-quarter earnings Jan. 24, aided by strong demand for its trucks from customers looking to replace older, outdated vehicles.

January 25, 2023
BusinessEquipment

Used Class 8 Sales Up Sequentially in December

Used Class 8 vehicle sales in December declined 2.4% from a year ago, but increased slightly from the prior month, ACT Research reported.

January 25, 2023
GovernmentBusinessLogistics

Bill Would Let Younger Drivers Move Freight at Ports

Legislation that aims to allow young commercial drivers to transport freight from ports was recently introduced in the U.S. House of Representatives.

January 25, 2023
GovernmentBusinessTechnologySafety

PennDOT Contest Challenges Teens to Solve Truck Parking

Pennsylvania high school students are trying to crack the truck parking puzzle in the state department of transportation’s annual Innovations Challenge contest.

January 25, 2023
GovernmentBusinessTechnology

Manchin Bill Would Delay Tax Credits for Electric Vehicles

WASHINGTON — Ratcheting up his criticism of the Biden administration, Sen. Joe Manchin (D-W.Va.) on Jan. 25 moved to delay new tax credits for electric vehicles.

January 25, 2023