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

Ford Climbs on Surging Demand for F-150 Lightning, Other EVs

Ford Motor Co. rose more than 7% after the carmaker’s latest quarterly sales results showed growing demand for its lineup of electric vehicles, including its flagship F-150 Lightning plug-in pickup.

October 4, 2022
GovernmentBusinessTechnology

Schumer Says Micron to Bring Microchip Plant to Upstate New York

NEW YORK — Micron, one of the world’s largest microchip manufacturers, is expected to open a semiconductor plant in New York, promising an investment of up to $100 billion and a plant that could bring 50,000 jobs to the state, the Senate majority leader says.

October 4, 2022
BusinessTechnologyEquipment

GM Tops Rival Automakers in Car Sales as Supply Crunch Eases

General Motors Co. made big sales gains in the third quarter in a sign the semiconductor shortage is easing, but the relief may arrive for automakers just as consumers get squeezed by rising interest rates and concerns about the economy.

October 4, 2022
BusinessTechnologyEquipmentFuel

Rivian Ramps Up Production, Reaffirms Annual Goal

Rivian Automotive Inc. shares rose in early trading after the automaker reported progress in ramping up production and reaffirmed its goal to build 25,000 electric vehicles this year.

October 4, 2022
GovernmentBusinessEquipmentSafety

California Finds Truck Parking Shortage Complicated by EV Mandates

California is among the leaders pushing for wider adoption of zero-emission commercial vehicles, but the state is confronting the dual challenges of resolving a shortage of truck parking and the need to build charging infrastructure accessible to tractor-trailers.

October 4, 2022
BusinessLogistics

Logistics Managers’ Gauge Rises for First Time Since March

Supply chain activity in the U.S. picked up for the first time since March, buoyed by elevated inventories even as transportation costs slid for a sixth straight month.

October 4, 2022
GovernmentBusinessTechnologyFuel

Nikola Founder Trevor Milton Won’t Testify in Fraud Trial

Nikola Corp. founder Trevor Milton said he wouldn’t take the witness stand in his criminal fraud trial, as the defense prepares to rest its case.

October 3, 2022
BusinessLogisticsFor-Hire

J.B. Hunt Expands Transloading Services With Two More Locations

J.B. Hunt Transport Services Inc. is expanding its transload strategy with new operations in Tacoma, Wash., and Laredo, Texas, the company announced Oct. 3.

October 3, 2022
BusinessTechnologyEquipmentFuel

VTNA Explores Ins, Outs of EV Truck Ownership

DUBLIN, Va. — Executives from Volvo Trucks North America detailed a comprehensive approach to help address fleet concerns about incorporating electric trucks into their operations during a recent media event.

October 3, 2022
BusinessTechnologyEquipmentAutonomous

Waymo, C.H. Robinson Driverless Trucks Haul Beer to Houston From Dallas

Waymo, Alphabet Inc.’s driverless-vehicle unit, said it has carted in excess of 1 million pounds of Modelo and Corona beer over 220 miles a day to Houston from Dallas under a pilot program with C.H. Robinson for Constellation Brands Inc.

October 3, 2022