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.

BusinessTechnologyAutonomous

Ford Cuts Investment in Autonomous Vehicle Unit Argo

Ford is pulling out of its investment in Argo AI, an autonomous vehicle company that it jointly owns, mainly with Volkswagen.

October 26, 2022
GovernmentBusinessEquipmentLogistics

Second Railroad Union Rejects Deal, Adding to Strike Worries

A second railroad union rejected its deal with the major U.S. freight railroads on Oct. 26, reflecting workers’ increasing frustration with the lack of paid sick time in the industry and adding to concerns about the possibility of a strike next month that could cripple the economy.

October 26, 2022
GovernmentBusinessTechnology

Government Awards $1 Billion to Schools for Electric Buses

Nearly 400 school districts spanning all 50 states and Washington, D.C., along with several tribes and U.S. territories, are receiving roughly $1 billion in grants to purchase about 2,500 “clean” school buses under a new federal program.

October 26, 2022
GovernmentBusinessSafetyLogistics

PhilaPort Terminal Gets $20.3 Million Grant to Ease Truck Congestion

The Port of Philadelphia will have less truck congestion and more capacity thanks to a $20.3 million federal infrastructure grant award.

October 26, 2022
GovernmentBusinessSafetyFuel

The US Is Exporting Record Oil and Fuel Even as East Coast Faces Shortages

The U.S. exported a record amount of crude and fuel in mid-October, even as the East Coast grapples with shortages of both diesel and gasoline.

October 26, 2022
BusinessTechnologyEquipment

Rush Enterprises Returns Strong Q3 Results

North American truck dealer Rush Enterprises Inc. reported a surge in third-quarter net income and revenue, amid ongoing pent-up demand for commercial vehicles and growth in aftermarket services.

October 26, 2022
BusinessLogistics

Trucking’s Concerns Shared on a Global Scale

SAN DIEGO — The head of Werner Enterprises said trucking must do a better job globally of promoting itself to potential entrants by outlining how the industry provides a path to rewarding careers.

October 26, 2022
GovernmentBusiness

Goods-Trade Deficit Widens for the First Time Since March

The U.S. merchandise-trade deficit widened in September for the first time in six months as imports grew and some exports plunged.

October 26, 2022
GovernmentBusinessTechnology

EU, US Set Up Task Force to Resolve Electric Vehicle Feud

The U.S. and the European Union have set up a task force to resolve a dispute over electric vehicle batteries that the EU says would discriminate against manufacturers in the 27-nation bloc and break World Trade Organization rules.

October 26, 2022
Business

Ruan’s Dan Van Alstine Takes Reins as ATA’s 78th Chairman

SAN DIEGO — American Trucking Associations wrapped up its 2022 Management Conference & Exhibition with an evening of celebration after electing Dan Van Alstine as the federation’s 78th chairman.

October 26, 2022