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.

BusinessTechnologyLogisticsPrivate

Amazon Prime Day Comes Amid Slowdown in Online Sales Growth

Amazon is heading into its annual Prime Day sales event today much differently from how it entered the pandemic.

July 12, 2022
BusinessTechnologyLogistics

Freight Market Volatility Highlights Importance of Broker-Carrier Relationships

The freight market volatility of the past few years has created an even greater need for carriers and brokers to strengthen their business relationships, especially as uncertainty and supply chain disruptions persist.

July 12, 2022
BusinessTechnologyEquipmentFuel

Daimler, Traton, Volvo Get Final Approval for Charging JV

Truck makers Volvo Group, Daimler Truck and Traton Group announced their joint venture, launched in December 2021 to develop charging infrastructure in Europe, gained the final necessary regulatory approvals.

July 11, 2022
GovernmentBusiness

Fed Official Says Solid Economy Can Handle Rising Rates

WASHINGTON — Last week’s jobs report points to a solid U.S. economy with little sign of a recession on the horizon and one that can withstand higher interest rates, St. Louis Federal Reserve president James Bullard said July 11.

July 11, 2022
GovernmentBusinessFuel

US to Urge India, Japan to Back Plan for Cap on Russia Oil Price

U.S. Energy Secretary Jennifer Granholm will use talks with nations including India and Japan to rally support for a new effort aimed at capping prices for Russian oil.

July 11, 2022
GovernmentBusinessSafety

PennDOT’s Bridge Tolling Plan Dealt Crushing Legal Blows

Pennsylvania’s governor, General Assembly legislators and a judge dealt legal blows to permanently stop the state Department of Transportation’s effort to toll nine bridges to create revenue for repairs.

July 11, 2022
BusinessTechnology

Elon Musk Says He’s Terminating Twitter Deal

Tesla CEO Elon Musk said he’s terminating his $44 billion agreement to acquire Twitter Inc. and take it private, triggering a legal fight with the company.

July 8, 2022
BusinessTechnologyEquipment

Rivian Electric Vehicles Attract Eyes in Sun Valley

Apple Inc.’s Tim Cook was spotted in downtown Sun Valley July 7 taking a ride in a Rivian Automotive Inc. battery-electric pickup.

July 8, 2022
BusinessTechnologyFuel

Volvo Quits Europe Car Lobby Group Over EV Stance

Volvo Cars AB is withdrawing from Europe’s car lobby, the second major automaker to do so in the past month, as the industry fractures over the transition to electric vehicles.

July 8, 2022
GovernmentBusiness

US Employers Add a Solid 372,000 Jobs

WASHINGTON — America’s employers shrugged off high inflation and weakening growth to add 372,000 jobs in June, a surprisingly strong gain that will likely spur the Federal Reserve to keep sharply raising interest rates to cool the economy and slow price increases.

July 8, 2022