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.

BusinessEquipment

Used Class 8 Prices on Edge of Cliff, ACT Reports

The average retail price for a used Class 8 vehicle in November inched higher though sales declined by a few hundred units and mileage rose compared with a year earlier, ACT Research reported.

January 4, 2023
BusinessTechnologyEquipment

China’s CATL Extends Lead as World’s Top EV Battery Maker

Contemporary Amperex Technology Co. Ltd.’s share of the electric vehicle battery market continues to grow, as the Chinese company accounted for 37.1% of global sales in the first 11 months of 2022.

January 4, 2023
GovernmentBusinessEquipmentLogistics

Manufacturing Contracts in December for Second Straight Month

U.S. manufacturing activity contracted for a second month in December, capping the steepest annual slide in the key factory gauge since 2008 and helping to further tame price pressures.

January 4, 2023
BusinessTechnologyEquipmentSafety

Drivewyze Partners With Bestpass to Better Align Tolling, Bypass Services

Drivewyze and Bestpass Inc. have joined forces so fleets can better leverage their toll management and weigh station bypass services, the companies announced Jan. 4.

January 4, 2023
GovernmentBusinessLogisticsTCA

Congress OKs $350M for Great Lakes Icebreaker

Congress has authorized funding for a new icebreaker for the Great Lakes, a priority that the shipping industry and Sen. Gary Peters (D-Mich.) have sought for years to fight ice dams in the lakes and surrounding waterways.

January 3, 2023
GovernmentBusinessTCA

Connecticut Truckers Grapple With New Highway Tax

With a new highway use tax set to taking effect with the new year, the trucking industry in Connecticut still has many questions about how to comply and who must pay the tax and is also floating the possibility of legal action.

January 3, 2023
BusinessLogisticsBreaking News

C.H. Robinson CEO Bob Biesterfeld Steps Down

C.H. Robinson on Jan. 3 announced the departure of CEO Bob Biesterfeld, and set in motion a process to find a permanent replacement while tapping an interim leader from its board of directors.

January 3, 2023
GovernmentBusinessLogisticsGlobal Freight

Fresh Fragility in Global Trade Set to Be Revealed in 2023

Since 2020, a pandemic-fueled supply crunch, Russia’s war with Ukraine, and a deepening rift in the U.S.-China trade relationship have hammered home the idea that the world needs more resilient trade networks.

January 3, 2023
BusinessTechnology

Tesla Breaks Own Sales Record, but Misses Estimate for 2022

Tesla said Jan. 2 that it sold a record 1.3 million vehicles last year, but the number fell short of CEO Elon Musk’s pledge to grow the company’s sales by 50% nearly every year.

January 3, 2023
GovernmentBusinessEquipmentFuel

CARB to Delay Enforcement of Registration Requirements

The California Air Resources Board is allowing fleets flexibility with some reporting requirements mandated under its Advanced Clean Fleets rule, which is set to take effect this year.

January 1, 2023