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.

GovernmentBusiness

Record Drivers for July 4th Weekend to Boost Gasoline Demand

Gasoline demand in the U.S. is set to get a bump this July 4th weekend as a record number of drivers are expected to hit the road with some relief at the pump.

June 30, 2022
GovernmentBusinessTechnologySafetyFuel

Hydrogen鈥檚 Uniqueness Calls for Extra Safety Measures

Safety measures are being developed to deal with the special properties of hydrogen as the pace quickens to bring heavy-duty fuel-cell trucks to market.

June 30, 2022
GovernmentBusiness

Supreme Court Declines to Hear California AB 5 Contractor Law Appeal

The U.S. Supreme Court announced on June 30 it has declined to hear an appeal of a California state law aimed at reclassifying owner-operators as motor carrier employees.

June 30, 2022
GovernmentBusinessTechnologyFuel

Refueling Milestone to Bring Fuel-Cell Hydrogen Trucks Closer to Reality

Federal researchers hope in July to reach a key milestone to refuel heavy-duty fuel-cell hydrogen trucks in 10 minutes, paving the way to prototype hardware and protocols for fueling stations.

June 30, 2022
BusinessLogistics

TIA Moves Headquarters to New Office Space

The Transportation Intermediaries Association, which represents the third-party logistics industry, moved into a new office June 27 in Alexandria, Va.

June 30, 2022
BusinessTechnologyFuelLogisticsFor-Hire

Hyliion, Cummins Collaborate on Hypertruck ERX

Hyliion Inc. announced it is collaborating with Cummins Inc. to bring Hyliion鈥檚 natural gas extended range powertrain to North American trucking on schedule.

June 30, 2022
GovernmentBusinessFuel

US Will Face High Gas Prices 鈥榓s Long as It Takes,鈥 Biden Says

President Joe Biden said Americans will have to stomach high gas prices 鈥渁s long as it takes鈥 to beat back Russian President Vladimir Putin鈥檚 invasion of Ukraine.

June 30, 2022
GovernmentBusinessLogisticsAutonomousTCA

Port Automation Hurts Economy, Says Study Funded by Longshore Union

Automation at the Long Beach Container Terminal and the Port of Los Angeles鈥 TraPac terminal has eliminated 535,848 hours and $41.8 million in wages annually for dockworkers, even as production at ports that are automated is typically lower than at those that aren鈥檛, according to a new study.

June 30, 2022
GovernmentBusiness

Key Inflation Gauge Remains a High 6.3%

WASHINGTON 鈥 A measure of inflation that is closely tracked by the Federal Reserve jumped 6.3% in May from a year earlier, unchanged from its level in April.

June 30, 2022
GovernmentBusinessFuel

OPEC+ Oil Boost Unlikely to Ease Fuel Prices

NEW YORK 鈥 The OPEC oil cartel and allied producing nations decided June 30 to boost production of crude by an amount that will likely do little to relieve high gasoline prices at the pump and energy-fueled inflation plaguing the global economy.

June 30, 2022