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.

BusinessTechnologyEquipment

November Classes 4-7 Sales Dip 2.5%, Second-Least in 2022

November U.S. retail sales of Classes 4-7 trucks overall fell 2.5%. It was the second-smallest decline this year, which so far has posted only one positive month compared with a year earlier, Wards Intelligence reported.

December 14, 2022
GovernmentBusinessLogistics

Expansion Plan Announced for Port of New Orleans

Gov. John Bel Edwards, the Port of New Orleans and two global maritime companies on Dec. 13 announced the formation of a public-private partnership to build a new $1.8 billion container facility on the lower Mississippi River.

December 14, 2022
GovernmentBusiness

Fed Hikes Rate by Half-Point, Signals More to Come

The Federal Reserve reinforced its inflation fight Dec. 14 by raising its key interest rate for the seventh time this year and signaling more hikes to come.

December 14, 2022
GovernmentBusinessTechnologyEquipmentFuel

NACFE Study Shows Flat Fuel Economy for Class 8 Vehicles Surveyed

The North American Council for Freight Efficiency said fuel efficiency in Class 8 trucks participating in its annual fleet study from 2018 to 2020 remained flat at 7.24 mpg after seven previous years of 2% annual increases.

December 14, 2022
BusinessTechnologyAutonomous

Volvo Autonomous Solutions, Uber Freight Announce Partnership

Volvo Autonomous Solutions and freight broker Uber Freight announced a long-term strategic partnership to deploy Volvo’s autonomous transport network within Uber Freight’s marketplace.

December 14, 2022
GovernmentBusinessEquipmentFuel

Southern California Ports to Expand Electrification Efforts

California’s move toward its 2035 goal of requiring all drayage trucks to be zero-emission is ramping up. Port and trucking experts say to achieve that, the hard work needs to be done now and for at least the next 10 years.

December 14, 2022
GovernmentBusinessSafetyLogistics

Texas Steps Up Safety Inspections Along Ports of Entry

With extra holiday congestion at the El Paso border, Texas Department of Public Safety officers are conducting random enhanced inspections on commercial vehicles as they cross international ports of entry from Mexico into Texas to combat illegal activity.

December 14, 2022
GovernmentBusinessLogisticsTCA

Railroad Unions Call for Sick Leave Executive Order

Railroad workers are continuing their demand for paid sick days. The Sheet Metal, Air, Rail Transportation Union, or SMART, held an informational picket near the rail yard on Rice’s Point on the afternoon of Dec. 13.

December 14, 2022
GovernmentBusinessSafetyLogistics

GSA to Spend $3.4 Billion to Update 26 Land Ports of Entry

Replacing pavement at Otay Mesa land port of entry in California is the latest of 50 modernization projects the General Services Administration has embarked on using $3.4 billion in federal infrastructure funds.

December 14, 2022
GovernmentBusinessSafetyFuelLogistics

Georgia, Nebraska Extend Trucking-Related Executive Orders

Earlier emergency orders have been extended in Georgia for supply chain and oversize permits and in Nebraska for driving hours hauling fuel.

December 14, 2022