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.

GovernmentBusiness

Fraud Charges Against Former Celadon Executives Dismissed

A fraud prosecution of two former executives of now-defunct Celadon Group Inc. that has lingered in the courts for nearly three years has been dismissed at the request of the U.S. government amid allegations of inaccurate statements by an FBI agent working on the case.

September 21, 2022
BusinessFuel

Gasoline’s 98-Day Slide Ends With Modest Price Hike

Retail gasoline prices in the U.S. have posted their first increase — albeit very modestly — after a 98-day streak of declines, suggesting consumers won’t get much more relief at the pump. Prices now stand at $3.681 a gallon, according to auto club AAA.

September 21, 2022
BusinessTechnologyEquipment

Grote to Offer Digital Wiring Harness 4SEE

Grote Industries Inc. announced its new modular, digital wiring harness for trailers, 4SEE, which is slated to go into limited release in North America in the fourth quarter, with full release beginning in 2023.

September 21, 2022
BusinessTechnologyEquipmentFuelTCA

Hertz to Order Up to 175,000 EVs From GM

The Hertz Corp. is planning to order up to 175,000 electric vehicles from General Motors Co. over the next five years for its rental fleet, the companies said Sept. 20.

September 21, 2022
BusinessEquipment

Record Ocean Shipping Costs Add to Auto Industry’s Supply Chain Woes

The car industry, already grappling with a shortage of semiconductors, is now seeing another source of supply chain concern: a lack of ships.

September 21, 2022
GovernmentBusinessTechnologySafety

NTSB Wants All New Vehicles to Check Drivers for Alcohol Use

DETROIT — The National Transportation Safety Board is recommending that all new vehicles in the U.S. be equipped with blood alcohol monitoring systems that can stop an intoxicated person from driving.

September 21, 2022
BusinessLogistics

Amazon Air Cargo Flights Grow at Slower Pace

Amazon .com Inc.’s cargo airline is growing at the slowest pace since the start of the pandemic, the latest sign that the e-commerce giant is adjusting to slackening demand.

September 20, 2022
GovernmentBusinessLogistics

Supply Chain Envoy Stephen Lyons Optimistic on Rail, Port Negotiations

CHICAGO — White House Supply Chain Envoy Stephen Lyons said Sept. 20 he believes the recently negotiated tentative agreement between the five Class I railroads and unions — representing 150,000 railroad locomotive engineers, conductors and railroad workers — will be ratified.

September 20, 2022
BusinessTechnologyEquipmentFuel

Cummins Showcases Fuel Cell, Engine Innovations

HANOVER, Germany — Cummins CEO Jennifer Rumsey detailed a two-part strategy the company is following to achieve net-zero emissions from its product line built around zero-emission technologies and innovations to improve the performance of internal combustion engines.

September 20, 2022
GovernmentBusinessSafety

Senators Spotlight Veterans in New CDL Bill

Legislation designed to guarantee approval of veterans benefits without delay at certain commercial driving schools was recently introduced in the U.S. Senate.

September 20, 2022