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

Buttigieg Launches $1 Billion Pilot to Build Racial Equity in Roads

WASHINGTON — Transportation Secretary Pete Buttigieg on June 30 launched a $1 billion first-of-its-kind pilot program aimed at helping reconnect cities and neighborhoods racially segregated or divided by road projects, pledging wide-ranging help to dozens of communities despite the program’s limited dollars.

June 30, 2022
GovernmentBusinessSafety

Texas State Police to Begin Border Checks After Migrant Tragedy

Texas Gov. Greg Abbott said state police will begin inspecting vehicles crossing the border from Mexico in response to the deadly migrant tragedy that killed 53 people this week.

June 29, 2022
GovernmentBusinessLogistics

Former Roadrunner CFO Ordered to Pay $1.1 Million in Restitution

A federal judge ordered Peter Armbruster, former chief financial officer of Roadrunner Transportation Systems Inc., to pay $1.1 million in restitution in connection with a sophisticated account fraud scheme.

June 29, 2022
GovernmentBusinessFuel

Biden Administration Holding Its First Onshore Oil Sales

BILLINGS, Mont. — The U.S. government this week is holding its first onshore oil and gas drilling lease auctions since President Joe Biden took office after a federal court blocked the administration’s attempt to suspend such sales because of climate change worries.

June 29, 2022
GovernmentBusinessFuel

US Gasoline Market Dips in Peak Season as High Prices Slow Demand

Gasoline demand in the U.S. shows signs of further softening just three weeks into the peak driving season, with near-record prices likely encouraging people to stay closer to home.

June 29, 2022
GovernmentBusinessTechnologyEquipmentFuel

Age of Electric Box Trucks Within Reach, NACFE Reports

The entire U.S. and Canadian market of hundreds of thousands of simple medium-duty box trucks will come to embrace electrification, leading the way for other more complex medium-duty applications over the next decade as the industry pursues zero emissions, according to the North American Council for Freight Efficiency.

June 29, 2022
GovernmentBusiness

Hyzon Motors Appoints Shawn Yadon President of Commercial Operations

Hyzon Motors Inc. has selected Shawn Yadon to be president of commercial operations, the fuel cell electric mobility company announced June 29.

June 29, 2022
GovernmentBusinessTechnologySafety

NHTSA’s Steven Cliff Says Agency to Scrutinize Auto-Driver Technology

WASHINGTON — The new head of the government’s road safety agency says it will intensify efforts to understand the risks posed by automated vehicle technology, so it can decide what regulations may be necessary to protect drivers, passengers and pedestrians.

June 29, 2022
GovernmentBusinessFuel

New Fuel Taxes Kick in July 1 in Number of States

Higher gas taxes will sweep across pumps in several states on July 1 to drive fuel prices even higher.

June 29, 2022
BusinessTechnologyAutonomous

Tesla Cuts 200 Autopilot Workers as California Site Closes

Tesla Inc. laid off hundreds of workers on its Autopilot team as the electric vehicle maker shuttered a California facility, according to people familiar with the matter.

June 29, 2022