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.

GovernmentBusinessSafety

Younger Drivers Look Beyond Pay When Choosing Carriers, ATRI Finds

The American Transportation Research Institute found the majority of young truck drivers are motivated by factors besides pay when choosing a carrier.

July 12, 2022
GovernmentBusinessLogistics

US Chamber Calls for White House Help in Rail Labor Dispute

Citing supply chain concerns, the U.S. Chamber of Commerce joined other transportation stakeholders in calling on the White House to assist with labor disputes in the freight rail sector.

July 12, 2022
GovernmentBusinessTechnologyFuelTCA

Ohio Identifies 15 Alternative Fuel Corridors for EV Charging Stations

CLEVELAND — The Ohio Department of Transportation has determined where a number of federally funded charging stations should be deployed across the state as part of a plan to spend more than $100 million in bipartisan infrastructure law money on electric vehicle infrastructure.

July 12, 2022
BusinessTechnologySafety

PrePass Safety Alliance Acquires Technology Company CVO

PrePass Safety Alliance has acquired CVO Holding Co., the Phoenix-based nonprofit announced July 12.

July 12, 2022
GovernmentBusiness

How the U.S. Economy Rates in 2022

While consumer spending and demand remain steady, is there concern that uncertainties abroad pose a risk to the supply chain and our economic future? ATA Chief Economist Bob Costello joins Dan Ronan to discuss the outlook for the industry and for the U.S. economy overall.

July 12, 2022
BusinessTechnologyEquipmentFuel

Rivian Plans Hundreds of Job Cuts Following Surge in Staffing

Rivian Automotive Inc. is planning hundreds of layoffs to trim its workforce in areas where the electric vehicle maker has grown too quickly, according to people familiar with the matter.

July 12, 2022
BusinessPrivate

PepsiCo Boosts Outlook After Increasing Prices

PepsiCo Inc. is winning the inflation battle so far, successfully passing on surging commodity costs by persuading consumers to pay more for their soda and chips.

July 12, 2022
BusinessLogisticsFor-HireTop 100

XPO Names New Tech Brokerage Company RXO

XPO Logistics’ new tech-enabled brokerage platform that is set to begin operations in the fourth quarter will be called RXO, the company announced July 12.

July 12, 2022
GovernmentBusinessFuel

OPEC’s First 2023 Outlook Shows No Relief From Oil Squeeze

OPEC’s first oil market outlook for 2023 suggests no relief for squeezed consumers, with more crude needed from the group even though most members are already pumping flat out.

July 12, 2022
BusinessTechnologyFuelAutonomous

Walmart Orders 4,500 Canoo Electric Vans

Canoo Inc. shares doubled in value after the struggling electric vehicle startup won an order for 4,500 vans from Walmart Inc.

July 12, 2022