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.

BusinessTechnologyEquipmentFuel

GM’s Mary Barra Stands By Ambitious EV Pledge

NEW YORK — The economy is a bit wobbly, but General Motors CEO Mary Barra isn’t backing off of an audacious prediction: By the middle of this decade, her company will sell more electric vehicles in the U.S. than Tesla, the global sales leader.

July 18, 2022
GovernmentBusinessTechnologyEquipmentFuelLogistics

Supply Chains Inching Back to Normal, Brace for Headwinds of Softer Demand

Rock guitarist Jack White, who extended his “Supply Chain Issues Tour” into October, might want to name his band’s next road trip after a different villain. That’s because supply strains, while still afflicting many consumers and businesses, are becoming more mundane.

July 18, 2022
GovernmentBusinessTechnologyEquipmentAutonomous

Tesla’s Chinese Battery Maker Scopes Out Sites in Mexico

China’s Contemporary Amperex Technology Co. Ltd., the world’s biggest maker of batteries for electric vehicles, is considering at least two locations in Mexico for a manufacturing plant to potentially supply Tesla Inc. and Ford Motor Co.

July 18, 2022
GovernmentBusinessFuel

White House Expects More Saudi Oil After Biden’s Mideast Trip

The White House said it expects further oil supply increases from Saudi Arabia after President Joe Biden met with the kingdom’s rulers.

July 15, 2022
GovernmentBusinessLogistics

Biden Blocks Freight Rail Strike, Appoints Arbitrators

OMAHA, Neb. — President Joe Biden on July 15 blocked a freight railroad strike that would disrupt shipments of all kinds of goods for at least 60 days by naming a board of arbitrators to intervene in the contract dispute.

July 15, 2022
GovernmentBusinessFuel

The World Can’t Get Enough of US Diesel as Exports Surge

The U.S. is exporting diesel at the fastest ever rate as the global market’s thirst for fuel remains insatiable.

July 15, 2022
BusinessSafety

TravelCenters of America Hosts St. Christopher Truckers Relief Campaign

TravelCenters of America Inc. is raising money for truck drivers who are out of work due to a illness or injury, the company announced June 29.

July 15, 2022
BusinessTechnologyAutonomous

Cruise Faces Scrutiny After Snafus

General Motors Co.-backed self-driving startup Cruise is facing scrutiny from U.S. regulators and its own board of directors after a pair of on-road incidents raised questions about how ready the company is to expand its services.

July 15, 2022
GovernmentBusiness

Retail Sales Top Forecast in Boost From High Inflation

Retail sales were stronger than expected in June, but after several economists adjusted the data for inflation, they still point to a leveling off in spending.

July 15, 2022
BusinessLogisticsTop 100

KLLM Transport Services Acquires Quest Global

Temperature-controlled truckload carrier KLLM Transport Services has acquired refrigerated transporter Quest Global Inc., the companies announced July 14.

July 15, 2022