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

Waymo’s Self-Driving Taxi Service Expands to L.A.

Waymo, Alphabet Inc.’s driverless vehicle unit, plans to expand its robotaxi service to Los Angeles, the third region where it will be offered.

October 19, 2022
BusinessLogistics

Port Leaders Optimistic Over Funding, Supply Chain

ORLANDO, Fla. — With an influx of funds expected to exceed $25 billion for rebuilding and expansion, the nation’s coastal and inland facilities are beginning a “golden age,” port leaders say.

October 19, 2022
BusinessLogisticsFor-Hire

J.B. Hunt Reports $3.84 Billion in Revenue for Q3

J.B. Hunt Transport Services Inc. saw revenue and earnings increase as a result of strong segment growth during the third quarter, the company reported Oct. 18, besting analysts’ expectations.

October 19, 2022
BusinessLogisticsPrivateTCA

Amazon Boosts Fort Worth Alliance to One of Nation’s Busiest Cargo Airports

Fort Worth Alliance airport now ranks among the 20 largest cargo airports in the country by landed weight, according to Federal Aviation Administration data, in large part due to Prime Air's distribution hub.

October 19, 2022
BusinessEquipmentGlobal FreightTCA

UPS Aircraft Mechanics Ratify Labor Contract

Aircraft mechanics at UPS Inc. voted to ratify a labor contract extension that will give them a 3.3% hike in pay annually for three years, the International Brotherhood of Teamsters union announced Oct. 18.

October 19, 2022
GovernmentBusiness

Senate Antitrust Panel Plans Hearing on Kroger-Albertsons Deal

The Senate plans to hold a hearing in November on Kroger Co.’s planned $24.6 billion takeover of Albertsons Cos.

October 18, 2022
BusinessSafety

Mississippi River Drought Closes Portion of Waterway Again

Drought has again closed a portion of the Mississippi River — and this time shrunk a part of the major U.S. waterway in Memphis, Tenn., to its lowest level ever.

October 18, 2022
BusinessLogistics

Port of Long Beach’s Mario Cordero Concerned Over Snag in Rail Talks

ORLANDO, Fla. — Of the two major labor negotiations, Port of Long Beach Executive Director Mario Cordero is most concerned about the stalled railroad workers/management talks.

October 18, 2022
BusinessLogisticsFor-Hire

Marten Reports 15th Consecutive Increase in Quarterly Profitability

Marten Transport reported its 15th consecutive year-over-year increase in quarterly profitability Oct. 17, but still the results missed analysts’ expectations.

October 18, 2022
BusinessSafetyGlobal FreightTCA

California Ports Reveal Surge in Harmful Emissions in 2021

California port officials announced an unprecedented increase in harmful emissions last year. Although the increase in pollution was substantial, officials said emissions are still much lower than levels in the mid-2000s.

October 18, 2022