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.

BusinessTechnologyLogisticsTCA

Mitsubishi Warehouse Deal With Port of San Diego Falls Through

A deal between the Port of San Diego and Mitsubishi Cement Corp. for a storage facility at the 10th Avenue Marine Terminal has fallen through, officials announced Feb. 1.

February 2, 2023
BusinessLogistics

C.H. Robinson Reports 58.2% Earnings Drop for Q4

C.H. Robinson Worldwide Inc. experienced a year-over-year decline in revenue and earnings during the fourth quarter of 2022, the company reported Feb. 1.

February 2, 2023
GovernmentBusinessLogistics

Three Companies Expand in Kentucky Distribution, Logistics Hub

Northern Kentucky’s footprint for logistics, distribution, transportation and cargo businesses has recently grown with three company expansions totaling $17.4 million.

February 2, 2023
GovernmentBusinessFuel

House GOP Pursues Conservative Energy Agenda

The new House Republican majority recently launched its oversight agenda of the Biden administration’s energy policy portfolio.

February 2, 2023
BusinessLogisticsFor-Hire

Schneider Reports 18% Earnings Decline for Q4

Schneider experienced an 18% year-over-year drop in fourth-quarter earnings, the company reported Feb. 2.

February 2, 2023
BusinessLogisticsTop 100

ODFL Reports Record-Setting 2022; CEO Transition Plan Announced

Old Dominion Freight Line capped a record-setting year with revenue and earnings increases in the fourth quarter of 2022, the company reported Feb. 1, one day after revealing its leadership transition plan.

February 2, 2023
GovernmentBusinessTechnologyAutonomous

TuSimple Says It Didn’t Share Tech With China-Linked Hydron

TuSimple Holdings Inc., an autonomous trucking startup that’s been the subject of U.S. investigations, said it hasn’t shared self-driving technology with another startup with Chinese ties.

February 2, 2023
BusinessLogisticsFor-Hire

Landstar System Reports Revenue Decline for Q4

Landstar System Inc. experienced a year-over-year decline in revenue and earnings during the fourth quarter of 2022, the company reported Feb. 1.

February 2, 2023
GovernmentBusiness

Jobless Aid Filings Lowest Since April 2021

U.S. applications for jobless aid fell again last week to their lowest level since April, further evidence that the job market has withstood aggressive rate hikes by the Federal Reserve.

February 2, 2023
BusinessTechnologyAutonomousPrivate

Fleets, Tech Developers Chart Course to More Sustainable, Efficient Supply Chains

LAS VEGAS — Electric and autonomous vehicles can help build more sustainable and efficient supply chains, but the freight transportation sector will need to overcome various challenges to realize their potential.

February 2, 2023