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.

GovernmentBusinessEquipment

The Story Behind the Ruan Truck at ATA Headquarters

A shiny red truck nestled by the lobby entrance greets visitors to American Trucking Associations’ new Washington, D.C., headquarters at 80 M Street SE, a glass-lined space that sits across from the U.S. Department of Transportation.

January 8, 2023
GovernmentBusinessLogistics

Virginia Announces Deals for Distribution Facility, Plant Expansion

Virginia has unveiled a new economic development plan, boosted by the capture of a $61.6 million deal to establish an East Coast distribution facility and a $9 million plant expansion near two freight corridors.

January 6, 2023
GovernmentBusinessEquipmentLogistics

Services Gauge Shrinks Unexpectedly in Worst Slide Since 2020

A U.S. services gauge unexpectedly shrank at the end of 2022, with steep declines in measures of business activity and orders that, if sustained, risk heightening concerns about the demand outlook.

January 6, 2023
BusinessTechnologyEquipmentAutonomous

Advances in Autonomous Trucking Stand Out at CES

LAS VEGAS — Advances in the development of autonomous trucks highlighted a heavy focus on commercial vehicles and supply chain technologies at CES 2023.

January 6, 2023
BusinessEquipment

December Class 8 Orders Add to Short String of Year-Over-Year Gains

North American Class 8 orders in December were 30,300, amplifying a trend of year-over-year gains in 2022 that began in September — the highest-ever month for orders, ACT Research reported.

January 6, 2023
GovernmentBusinessTechnology

Hiring Stays Brisk as Employers Add 223,000 Jobs

WASHINGTON — America’s employers added a solid 223,000 jobs in December, evidence that the economy remains healthy, yet also a sign that the Federal Reserve may still have to raise interest rates aggressively to slow growth and cool inflation.

January 6, 2023
GovernmentBusiness

Speaker Holdup Stalls GOP Agenda

Multiple failed attempts in the House of Representatives to solidify Rep. Kevin McCarthy (R-Calif.) as the next Speaker of the House delayed the GOP caucus from kicking off its legislative agenda on time, as every official function in the chamber requires a signoff from the speaker.

January 5, 2023
GovernmentBusinessTechnologyEquipment

Mercedes to Build Its Own EV Charging Network

Mercedes-Benz says it will build its own worldwide electric vehicle charging network starting in North America in a bid to compete with EV sales leader Tesla.

January 5, 2023
GovernmentBusinessSafetyLogistics

FMCSA Proposes Financial Security Requirements for Freight Forwarders

The Federal Motor Carrier Safety Administration has issued a proposed rule that establishes financial security requirements for freight forwarders, taking further action on legislation that stretches back more than a decade.

January 5, 2023
BusinessTechnology

Tesla’s Board Takes Heat Over CEO Succession Planning

Tesla Inc.’s board of directors is facing mounting pressure to prove just how prepared they are for the potential loss of Elon Musk, the erratic CEO largely behind the breakneck rise and dramatic fall in the company’s valuation.

January 5, 2023