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.

GovernmentBusinessEquipmentSafety

Average Age of Passenger Vehicles Hits Record High

Americans are keeping their cars longer than ever: The average age of a passenger vehicle on the road hit a record 12.5 years this year, according to data gathered by S&P Global Mobility.

May 15, 2023
GovernmentBusinessLogistics

White House Envoy Optimistic Port Talks to Produce Deal Soon

A tentative agreement covering longshore workers at the largest U.S. ports is within reach after a year of negotiations between the union and employers, according to Stephen Lyons.

May 15, 2023
GovernmentBusiness

Montana Reins In Third-Party Lawsuit Financiers

A new law on the books in Montana places restrictions on third-party groups that finance civil litigation, a development that was welcomed by motor carriers operating in the state.

May 15, 2023
BusinessEquipment

Stephen Roy Named Mack Trucks President

Volvo Group announced May 9 that it has appointed Stephen Roy to become the president of its Mack Trucks subsidiary.

May 15, 2023
BusinessTechnologyEquipmentLogisticsAutonomousTop 100

°®¶¹´«Ã½, C.R. England Team on Autonomous Pilot

Self-driving-trucks technology firm °®¶¹´«Ã½ and refrigerated carrier C.R. England are teaming up on a pilot program.

May 15, 2023
GovernmentBusinessEquipmentSafety

Air Bag Manufacturer Refusing NHTSA’s Request to Recall

ARC Manufacturing could be heading for a legal battle with U.S. auto safety regulators after refusing a request that millions of potentially dangerous air bag inflators be recalled.

May 15, 2023
GovernmentBusiness

Regulators Announce Members of Truck Leasing Task Force

Federal regulators have appointed nine individuals to serve on a truck-leasing task force that is charged with evaluating lease agreements in the trucking industry.

May 15, 2023
GovernmentBusinessTechnologyFuel

Study Urges Excise Tax Repeal for Electric Trucking Takeoff

Repeal of the federal excise tax on heavy-duty commercial vehicles should be a key tool in the push to reduce trucking’s greenhouse gas emissions through electrification, a study says.

May 12, 2023
BusinessLogisticsFor-HireTCA

U.S. Xpress Cuts Corporate Staff Ahead of Knight-Swift Deal

After losses widened in Q1, U.S. Xpress has cut its corporate staff for the third time in the past year as the trucking giant prepares to merge with the larger Knight-Swift Transportation.

May 12, 2023
GovernmentBusinessLogisticsGlobal FreightTCA

Chicago Suburbs Appeal Federal Approval of CPKC Rail Merger

A group of suburban Chicago communities is appealing the federal approval of the Canadian Pacific-Kansas City Southern merger that is expected to bring more freight trains to the area.

May 12, 2023