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.

BusinessTechnologyFuelAutonomous

Orange EV Secures $35 Million From Outside Investor

Yard truck maker Orange EV announced Aug. 4 that it has secured $35 million from S2G Ventures 鈥 its first large outside investor.

August 4, 2022
BusinessPrivate

Walmart Cuts 200 Corporate Jobs as Costs, Inventory Sap Profit

Walmart Inc. is eliminating about 200 corporate jobs as it contends with rising costs, bloated inventories and weakening demand for general merchandise.

August 3, 2022
GovernmentBusiness

FMCSA Awards Educational Funds for Veterans, Others to Get CDLs

To help veterans, spouses and active duty military members gain truck driving jobs, the Federal Motor Carrier Safety Administration awarded $3.1 million in grants to 19 community colleges and truck driving schools throughout the country.

August 3, 2022
BusinessTechnologyEquipmentFuel

TA Reports Strong Q2 Net Income, Revenue

TravelCenters of America Inc. reported second-quarter net income more than doubled and revenue soared amid favorable fuel purchasing conditions.

August 3, 2022
Business

Alabama Trucking Legend Buddy Moore Dies at 88

Former Alabama Trucking Association chairman and state industry leader E.H. 鈥淏uddy鈥 Moore Jr. died July 25.

August 3, 2022
GovernmentBusinessFuel

OPEC+ Boosts Oil Output by Slower Pace Than Previous Months

The OPEC oil cartel and its allies decided Aug. 3 to boost production in September by a much slower pace than in previous months at a time of high gasoline prices and unstable energy supplies exacerbated by Russia鈥檚 war in Ukraine.

August 3, 2022
BusinessEquipment

Dana Q2 Net Income Drops, Revenue Rises

Dana Inc. reported net income dropped and revenue increased in Q2 amid a host of persistent industry challenges.

August 3, 2022
GovernmentBusinessFuel

Automakers Blitz Congress to Fix an EV Tax Credit They Can鈥檛 Use

Automakers including Ford Motor Co., General Motors Co. and Toyota Motor Corp. are making a last-ditch lobbying push to change Democrats鈥 proposed new spending bill over concern that they stand to lose out from strict new limits on electric vehicle credits.

August 3, 2022
BusinessTechnologyEquipment

Eaton Q2 Income Up; Revenue Flat

Eaton Corp. reported second-quarter net income rose and revenue was flat while segment margins were 20.1%, a quarterly record and above the high end of the guidance.

August 3, 2022
BusinessLogisticsTop 100

GXO Posts $2.2 Billion in Q2 Revenue, Marks First Anniversary

GXO Logistics Inc. closed out its first year as an independent company with revenue and earnings growth in the second quarter of 2022, the company reported Aug. 2.

August 3, 2022