Trucking Business News

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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.

GovernmentBusinessLogisticsTCA

STB Says ‘Train Noise’ Would Be Only Negative Impact of CP-KCS Merger

The Surface Transportation Board’s Office of Environmental Analysis determined the only potential adverse impacts of Canadian Pacific’s proposed merger with Kansas City Southern would be train noise, according to the STB’s Draft Environmental Impact Statement released Aug. 5.

August 8, 2022
BusinessLogisticsFor-HireTop 100

XPO Posts Strong Q2 Earnings Amid Upcoming Leadership Change

XPO Logistics Inc. on Aug. 4 reported record revenue and net income for the second quarter, part of a busy week for the Greenwich, Conn.-based company.

August 5, 2022
BusinessTechnologyEquipment

Nikola Reports $18.1 Million Revenue

Nikola Corp. reported its first meaningful revenue and said it’s on track to deliver as many as 500 electric big rigs to customers this year.

August 5, 2022
BusinessTechnologyEquipment

CVG Q2 Results Slide

Diversified supplier Commercial Vehicle Group Inc. reported second-quarter net income and revenue fell, and new pricing began in July.

August 5, 2022
GovernmentBusinessTechnologySafety

NHTSA Probes Tesla Crashes That Killed Two Motorcyclists

DETROIT — Two crashes involving Teslas apparently running on Autopilot are drawing scrutiny from federal regulators and point to a potential new hazard on U.S. freeways: The partially automated vehicles may not stop for motorcycles.

August 5, 2022
GovernmentBusinessLogistics

Labor Chief Sees No Sign of Strike, Lockout in West Coast Port Talks

Labor Secretary Marty Walsh said he sees no signs of a strike or a lockout looming in the contract negotiations between dockworkers and employers at some of the nation’s most important ports, even as talks continue without a contract.

August 5, 2022
GovernmentBusiness

Democrats Say They’ve Reached Agreement on Economic Package

WASHINGTON — Senate Democrats have agreed to eleventh-hour changes to their marquee economic legislation, they announced late Aug. 4, clearing the major impediment to pushing one of President Joe Biden’s paramount election-year priorities through the chamber in coming days.

August 5, 2022
GovernmentBusiness

Employers Added 528,000 Jobs in July

WASHINGTON — America’s hiring boom continued last month as employers added a surprising 528,000 jobs despite raging inflation and rising anxiety about a recession.

August 5, 2022
BusinessTechnologyLogisticsBreaking NewsFor-Hire

XPO Names Mario Harik to Succeed Brad Jacobs as CEO

XPO Logistics Inc. announced that Mario Harik will succeed Brad Jacobs as CEO of XPO and join the board of directors following XPO’s planned spinoff of its tech-enabled brokerage platform.

August 4, 2022
BusinessLogistics

Apollo-Led Group to Buy Cargo-Hauler Atlas Air for $3.2 Billion

An investor group led by Apollo Global Management Inc. is acquiring Atlas Air Worldwide Holdings Inc. for about $3.2 billion, expanding its foray into aircraft leasing and charter flying as demand for air cargo cools from pandemic-era highs.

August 4, 2022