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.

BusinessTechnologyFuel

Nikola Asks Shareholders to Approve Big Jump in Outstanding Shares

Truck maker Nikola Corp. is hoping to gain shareholder approval at its annual meeting for the company’s proposal to increase the number of shares outstanding and thus raise more money by selling equity.

June 22, 2022
BusinessTechnologyLogistics

FedEx, FourKites Announce Partnership to Improve Supply Chain

FedEx Corp. and supply chain solutions provider FourKites on June 22 announced an alliance to offer customers new, real-time data and information.

June 22, 2022
GovernmentBusinessSafety

‘Mongoose Method’ Helps Carriers Fight ‘Reptile Theory’ Attorney Tactics

The "mongoose method" aims to counter the "reptile theory" strategy that plaintiff attorneys have used to beat up on truckers in accident litigation.

June 22, 2022
BusinessTechnologyEquipmentFuel

Sen. Joe Manchin Says EV Tax Credit Bonus Is Gone From Spending Bill

Senate Democrats have scrapped a $4,500 bonus tax credit for electric vehicles made with domestic union labor that was opposed by Sen. Joe Manchin as they seek to wrap up negotiations on a spending deal.

June 22, 2022
GovernmentBusinessEquipmentFuel

Ford Pledges to Work With Community Near Future EV Factory

BROWNSVILLE, Tenn. — Ford Motor Co. officials on June 21 pledged to be good neighbors to those in rural west Tennessee who live near the automaker’s planned electric truck factory, a project expected to create thousands of jobs and change the face of the region.

June 22, 2022
GovernmentBusinessTechnologyEquipmentFuel

Electric Trucks Get Boost From Multi-Megawatt Charging Stations

Broad adoption of heavy-duty electric trucks is looking closer than ever with manufacturers releasing new big rigs and the announcement that multi-megawatt charging is coming in 2024.

June 22, 2022
GovernmentBusinessFuel

Gas Tax Pause Would Have Little Effect on Road Funds, Biden Says

President Joe Biden and a top economic aide preemptively defended a potential suspension of the federal gasoline tax, saying it wouldn’t hurt road-building projects and that savings would be passed on to consumers — the latest signal Biden is leaning toward urging Congress to pause the levy.

June 21, 2022
GovernmentBusinessTechnologyFuel

DOE Selects Four Winners in Hydrogen Contest

The U.S. Department of Energy announced the winners of a competition aimed at graduate students and awarded cash prizes to four teams that separately developed new tools that characterized business cases for hydrogen in “user-defined scenarios.â€

June 21, 2022
GovernmentBusinessTechnologySafetyLogistics

US House Transportation Panel Passes FEMA Bill

The House transportation panel recently approved legislation meant to facilitate access to federal disaster assistance.

June 21, 2022
GovernmentBusinessTechnologyLogisticsAutonomous

FAA Approves Zipline’s Drone-Delivery Service as Air Carrier

Zipline International Inc., a drone-delivery company that has made thousands of medical drops in Africa, was approved by U.S. regulators to operate as a small air carrier.

June 21, 2022