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.

BusinessLogistics

Heartland Express to Acquire CFI Truckload Business for $525 Million

Heartland Express Inc. on Aug. 22 announced plans to acquire Contract Freighters’ nondedicated truckload business as well as Mexican entities under CFI Logistica in a $525 million deal.

August 22, 2022
GovernmentBusinessLogisticsTCA

Iowa County to Oppose CP-KCS Merger

Supervisors in Scott County, Iowa, plan to pen a letter opposing the merger of two North American rail companies that’s expected to drastically increase train traffic along the Mississippi River there.

August 22, 2022
BusinessTechnologyEquipment

Electric Cars Have a Big Tire Conundrum

The Lucid Air Dream Edition travels up to 520 miles on a charge, more than any electric vehicle on the market by a wide margin. If a buyer chooses the larger, 21-inch wheels, however, 39 of those miles vanish — a 7.5% range penalty.

August 22, 2022
BusinessTechnologyLogistics

FourKites Launches New Unified Customer Interface

FourKites upgraded its platform into a unified customer interface aimed at better integrating end-to-end supply chain data, the supply chain visibility company said Aug. 22.

August 22, 2022
GovernmentBusinessTechnologyEquipmentLogistics

Wanted: 7,000 Construction Workers for Intel Chip Plants

JOHNSTOWN, Ohio — Ohio’s largest-ever economic development project comes with a big employment challenge: how to find 7,000 construction workers in an already booming building environment when there’s also a national shortage of people working in the trades.

August 22, 2022
Business

Elon Musk Says Tesla Raising Full Self-Driving Price to $15,000

Tesla Inc. will start charging $15,000 for the driver-assistance features it calls Full Self-Driving, raising the price of the controversial product for the second time this year.

August 22, 2022
BusinessSafety

Elite Driving Ability Runs in the Family for UPS Duo

INDIANAPOLIS — As Aaron Sharp watched the parade of competitors taking their place on the floor of the Indiana Convention Center for the National Truck Driving Championships’ “Walk of Champions” Aug. 19, he kept his eyes peeled for one participant in particular — his father, David Sharp.

August 19, 2022
BusinessSafety

Roland Bolduc Captures NTDC Crown for a Second Time

INDIANAPOLIS — The thrill of victory ... and ... that's it. Just the thrill of victory. There is no agony of defeat at the National Truck Driving Championships, as Roland Bolduc — who won his second Grand Champion crown — noted there are no losers. "The drivers are not against each other," the FedEx Express driver representing Connecticut said. "We're against the course."

August 19, 2022
BusinessSafety

2022 NTDC Awards Gallery

A look at the finalists and champions of each award category for the 2022 National Truck Driving & Step Van Driving Championships from Indianapolis. More photos from the competition here and the state championships here.

August 19, 2022
BusinessLogistics

Can Grocery Stores Save the American Mall?

Between movie theaters, fitness centers and full-on amusement parks, American shopping malls have scrambled for years to attract new visitors to counter plummeting foot traffic. Even before the coronavirus struck, the concept of the mall — once so central to suburban life — was increasingly viewed as an anachronism.

August 19, 2022