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

Ford EV Owners to Get Access to Tesla Supercharger Network

DETROIT — All of Ford Motor Co.’s current and future electric vehicles will have access to about 12,000 Tesla Supercharger stations in the U.S. and Canada starting next spring.

May 26, 2023
GovernmentBusinessTechnology

Hyundai, LG to Build EV Battery Plant in Georgia

ATLANTA — Hyundai Motor Group and LG Energy Solution announced May 25 they will build a $4.3 billion electric battery plant as part of Hyundai’s new EV assembly plant in southeast Georgia.

May 26, 2023
BusinessFuel

Nikola’s Plunging Stock Value Risks Nasdaq Delisting

Nikola Corp. tumbled May 25 after Nasdaq Inc. notified the company that it isn’t in compliance with the minimum bid requirements to remain listed on the exchange.

May 25, 2023
GovernmentBusinessLogisticsTCA

Missouri Might Gain an East-West Interstate Highway

JEFFERSON CITY, Mo. — Missouri lawmakers approved $2.5 million to study the conversion of U.S. Route 36 into Interstate 72 between Hannibal in the east and St. Joseph in the west.

May 25, 2023
GovernmentBusiness

Coalition for Independent Truckers to Defend Contractor Model

A trade group representing independent contractors has begun a program to recruit independent drivers to serve as “ambassadors” to educate lawmakers about their importance.

May 25, 2023
BusinessSafetyFor-Hire

Werner Appeal of $89.7 Million Verdict Denied

A Texas state court has denied an appeal by Werner Enterprises Inc. of an $89.7 million jury verdict in a case involving a 2014 fatal crash.

May 25, 2023
GovernmentBusinessLogistics

Nearshoring Trend Escalates for US Companies

The turn toward nearshoring escalated this year, a trend that saw renewed interest during the coronavirus pandemic.

May 25, 2023
GovernmentBusinessTechnologyLogisticsAutonomousTCA

TuSimple to Cut 151 Jobs at San Diego Headquarters

Self-driving truck company TuSimple Holdings has disclosed more details about plans to reduce its workforce by 30% — including that it will eliminate 151 jobs in San Diego.

May 25, 2023
GovernmentBusinessEquipment

Snider Fleet Solutions Relocating to South Carolina

South Carolina officials are welcoming Snider Fleet Solutions’ corporate relocation from a neighboring state in a $6.9 million investment that will create 167 jobs.

May 25, 2023
Business

Economic Growth for Last Quarter Is Revised Up to 1.3%

WASHINGTON — The U.S. economy grew at a lackluster 1.3% annual rate from January through March as businesses wary of an economic slowdown trimmed their inventories, the government said.

May 25, 2023