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.

BusinessEquipment

ArcBest Announces Sale of FleetNet to Cox Automotive

ArcBest Corp. announced that it has reached an agreement to sell the fleet maintenance and repair services business FleetNet America to Cox Automotive Mobility Solutions.

March 6, 2023
BusinessLogisticsGlobal Freight

French Shipping Giant CMA CGM Warns Demand Is Falling

French shipping giant CMA CGM SA warned of a steep drop in demand so far this year, extending a slump that led to a more than halving of quarterly profit.

March 6, 2023
GovernmentBusinessTechnologyAutonomous

FMCSA’s Earl Adams Stresses Collaboration for Driverless Technology

ORLANDO, Fla. — Government and industry collaboration is vital in terms of deploying emerging technologies such as autonomous trucks. Earl Adams Jr., deputy administrator of the Federal Motor Carrier Safety Administration, offered that insight  at the TMC's  Annual Meeting and Transportation Technology Exhibition.

March 6, 2023
BusinessEquipment

Ford to Raise Production as Auto Sales Start to Recover

DEARBORN, Mich. — Ford will increase production of six models this year, half of them electric, as the company and the auto industry start to rebound from sluggish U.S. sales in 2022.

March 6, 2023
BusinessLogisticsPerspective

Perspective: The Right Recruiting Impression

Amid the ongoing driver shortage, transportation companies must consider all the ways prospective and current drivers interact with their business, Atlas Logistics' Phil Wahl says.

March 6, 2023
BusinessTechnologyEquipment

Rivian Tells Staff EV Output May Be 24% More Than Forecast

Rivian Automotive Inc. has told employees that production of 62,000 electric vehicles is possible this year, according to people familiar with the matter, an increase from the production target it told investors on Feb. 28.

March 6, 2023
BusinessTechnologyAutonomous

Embark Lays Off Workers, Explores Liquidation or Sale

Autonomous trucking company Embark Trucks announced March 3 it is winding down operations and is exploring a liquidation or sale.

March 4, 2023
GovernmentBusinessTechnologyEquipmentSafety

Illinois Trucking Association Urges Fix to Biometric Law

The Illinois Trucking Association is among a business coalition whose leaders are calling on state lawmakers to change an outdated biometric state statute leading to frivolous lawsuits and safety concerns.

March 3, 2023
BusinessTechnologyEquipmentSafetyFuel

New TMC Chair Todd Cotier Focuses on the Details

Keeping a close eye on the fine points is important to Todd Cotier, the new chairman of the Technology & Maintenance Council of American Trucking Associations. So much so that he’s making it the theme of his chairmanship.

March 3, 2023
BusinessTechnologyEquipmentSafety

Fleets Find Advantages With Electronic DVIRs

Fleets are turning to electronic DVIRs to streamline inspection and repair processes, making it less demanding on drivers and increasing efficiency.

March 3, 2023