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.

GovernmentBusinessLogistics

Inland Corn Belt Ports Seek Infrastructure Funds, More Freight

Increasing freight capacity and attracting more infrastructure investments are likely outcomes of a recent federal designation expanding the inland Corn Belt Ports to span five Midwestern states.

February 1, 2023
GovernmentBusiness

Tesla Investors Lost $12 Billion After Musk Tweet, Experts Tell Jury

Tesla Inc. investors lost $12 billion over 10 days as a result of Elon Musk鈥檚 famous tweet in 2018 that he had 鈥渇unding secured鈥 to take the company private, a witness testified at a trial over the CEO鈥檚 liability.

February 1, 2023
GovernmentBusinessSafety

Three Louisiana Women Sentenced in Staged Accident in New Orleans

Three southeastern Louisiana residents have been sentenced for their role in a 2017 staged accident in New Orleans with a tractor-trailer.

February 1, 2023
BusinessTechnologyEquipmentFuel

DTNA鈥檚 John O鈥橪eary Says Infrastructure Challenges Slowing EV Expansion

LAS VEGAS 鈥 Daimler Truck North America CEO John O鈥橪eary said charging infrastructure is the key issue limiting further expansion of electric vehicle growth in the trucking industry, and believes his company could be selling more EVs if infrastructure build-out was easier and happening more rapidly.

January 31, 2023
BusinessEquipment

Love鈥檚 Partners With Daimler to Provide Freightliner Services

Love鈥檚 Travel Stops formed an exclusive strategic partnership with Daimler Truck North America to provide services for Freightliner vehicles, the companies announced Jan. 31.

January 31, 2023
BusinessLogisticsFor-Hire

FedEx Implementing Ranking System for Delivery Contractors

FedEx Corp. is rolling out a new system for evaluating its delivery contractors that rank them like Olympic medal winners.

January 31, 2023
GovernmentBusiness

Amazon Illegally Resisted NYC Union Drive, Judge Says

Amazon violated federal labor law as part of its efforts to resist unionization at two facilities in New York City, a National Labor Relations Board judge ruled.

January 31, 2023
BusinessLogistics

Economy Still Shows Signs of Slow, Steady Growth

Even with a stronger-than-expected 2.9% fourth quarter increase in gross domestic product, two聽 prominent freight transportation economists say the threat of a recession will persist this year.

January 31, 2023
BusinessLogistics

UPS Beats Q4 Expectations; Leadership Optimistic About Labor Negotiations

UPS Inc. announced it beat expectations for fourth-quarter adjusted profit, as it prioritized shipments of high-margin packages.

January 31, 2023
GovernmentBusinessTechnologyLogisticsAutonomous

Self-Driving Semis at Center of California Regulatory Conflict

SACRAMENTO, Calif. 鈥 As California regulators explore new rules to put self-driving semitrucks on the road, labor unions are rushing to the state Legislature to ask for a new law they say will protect their jobs.

January 31, 2023