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.

GovernmentBusinessTCA

Ohio Weighs Two-Year, Multibillion-Dollar Transportation Budget

Ohio DOT Director Jack Marchbanks emphasized increased costs during a Feb. 7 hearing in which he unveiled Gov. Mike DeWine’s transportation budget recommendations.

February 8, 2023
BusinessLogisticsTop 100

Werner Reports Earnings Decline Despite Revenue Gain in Q4

Werner Enterprises experienced an earnings decline despite revenue gains due to changing macroeconomic conditions in the fourth quarter, the company reported Feb. 7.

February 8, 2023
BusinessEquipmentGlobal Freight

Maersk Sees Global Trade Contracting as Much as 2.5% in 2023

A.P. Moller-Maersk A/S said “muted” economic growth is set to push the world’s container shipping volumes down by as much as 2.5% this year.

February 8, 2023
BusinessLogisticsGlobal Freight

Thousands of CSX Workers First to Get Paid Sick Leave

OMAHA, Neb. — Several thousand workers at CSX will soon get one of the things that pushed the U.S. railroad industry to the brink of a strike last fall: paid sick time.

February 8, 2023
BusinessEquipmentLogisticsGlobal Freight

Supply Chains Must Change, Says Maersk’s Ditlev Blicher

Increasing volatility in global supply chains means shipping lines must undergo a radical restructuring to survive, according to A.P. Moller-Maersk A/S.

February 8, 2023
BusinessLogistics

Volkswagen Misses Full-Year Cash Target After Supply Chain Woes

Volkswagen AG missed its cash-flow target for the year after supply chain and logistics disruptions in recent months left the carmaker with unsold vehicles.

February 8, 2023
GovernmentBusinessSafety

New Jersey Spot Again Leads ATRI’s Top Highway Bottlenecks

A troublesome spot along I-95 once again topped the list of the nation’s worst chokepoints on the American Transportation Research Institute Top Truck Bottlenecks list, while the Atlanta metro area stood out as a gridlocked region by claiming six of the top 20 spots on the list.

February 8, 2023
BusinessTechnology

VinFast Cuts About 80 Jobs in North America, Including US CFO

Electric vehicle maker VinFast has cut about 80 jobs in North America, including its U.S. chief financial officer, raising questions about the health of the Vietnamese company ahead of a possible stock listing.

February 7, 2023
GovernmentBusiness

Imports Surge Led to Record Trade Gap in 2022

The U.S. trade deficit widened to a record last year on a surge in imports as American companies scrambled early on to ensure they had enough merchandise on hand to meet demand.

February 7, 2023
GovernmentBusinessTechnologyEquipmentSafety

Senators Introduce Catalytic Converter Theft Bill

Legislation aimed at reducing the theft of catalytic converters was introduced in the U.S. Senate this month.

February 6, 2023