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.

Business

Driver Pay Rose in 2021, ATA Survey Finds

Truck drivers saw their pay increase in 2021 — some significantly — according to a new study from American Trucking Associations.

August 10, 2022
GovernmentBusinessTechnologyFuel

FHWA Charting Path for National EV Charging Network

Due to a lack of national standards and different practices at electric vehicle charging stations, the Federal Highway Administration is preparing to establish regulations that shape what those stations must be like in states that receive federal funds.

August 9, 2022
GovernmentBusinessFuelLogistics

ATRI Reports Cost of Trucking Notches Record in 2021

Soaring prices for diesel fuel, rising maintenance costs and higher wages for drivers pushed the price of operating a truck up 12.7% in 2021 to $1.855 per mile — the highest level on record — according a report released Aug. 10 by the American Transportation Research Institute.

August 9, 2022
BusinessLogisticsTCA

UPS to Acquire Health Care Logistics Firm Bomi Group

UPS announced plans to acquire Italian-based health care logistics firm Bomi Group to expand the reach of its health unit globally.

August 9, 2022
GovernmentBusinessTechnology

Biden Signs $280 Billion CHIPS Act in Bid to Boost US Over China

President Joe Biden enacted into law legislation designed to enhance domestic semiconductor manufacturing and alleviate supply chain bottlenecks.

August 9, 2022
BusinessTechnologyFuelAutonomous

Startup Autonomy Orders 22,790 EVs to Form Subscription Fleet

Tesla, GM, Volkswagen and Ford are among the automakers set to get big orders from Autonomy, a startup offering drivers the option of subscribing to an electric vehicle instead of buying one outright.

August 9, 2022
GovernmentBusinessFuelLogistics

Georgia Extends Fuel Tax Suspension Through Sept. 12

State taxes on diesel and gasoline in Georgia will continue to be suspended through Sept. 12 after Gov. Brian Kemp extended an expiring executive order issued earlier this year.

August 9, 2022
GovernmentBusinessTechnology

Micron’s Warning Adds to Evidence of Collapsing Demand for Chips

Micron Technology Inc., the leading U.S. maker of memory semiconductors, became the latest chipmaker to declare that demand is falling off rapidly. It warned investors that revenue won’t meet projections, sending industry stocks tumbling.

August 9, 2022
GovernmentBusinessFuel

Most EVs Won’t Qualify for Federal Tax Credit

DETROIT — A tax credit of up to $7,500 could be used to defray the cost of an electric vehicle under the Inflation Reduction Act now moving toward final approval in Congress. But the auto industry is warning that the vast majority of EV purchases won’t qualify for a tax credit that large.

August 9, 2022
BusinessTechnologyEquipment

REPLAY: Formulate - Equipment & Maintenance Sessions

Formulate is a one-day virtual event with learning sessions dedicated to providing useful insights for fleet maintenance and operations decisionmakers. 

August 9, 2022