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.

BusinessTechnology

Infographic: Ryder鈥檚 Foundation for a Successful Freight Brokerage

Globally, supply chains are facing unprecedented levels of disruption. As a result, shippers and carriers are challenged more than ever to keep goods moving while remaining profitable. While most brokerages point to technology as the key to achieving success, today鈥檚 setbacks have proven that technology alone isn鈥檛 enough.

June 16, 2022
GovernmentBusinessLogistics

Ohio, Kentucky Apply for Federal Grant for New Interstate Bridge

Kentucky and Ohio officials are pushing forward to build a companion to the Brent Spence Bridge after both governors recently applied for a $1.66 billion federal mega infrastructure grant to improve the notorious bottlenecked 8-mile freight corridor.

June 15, 2022
GovernmentBusinessEquipmentFuelLogistics

FAA Says Future Planes Will Need to Reduce Carbon Emissions

WASHINGTON 鈥 The Biden administration proposed June 15 that future planes produce lower levels of greenhouse gas emissions before they can be certified by federal regulators.

June 15, 2022
GovernmentBusiness

Fed Hikes Rates 75 Basis Points, Intensifying Inflation Fight

The Federal Reserve raised interest rates by 75 basis points 鈥 the biggest increase since 1994 鈥 and Chair Jerome Powell signaled another big move next month, intensifying a fight to contain rampant inflation.

June 15, 2022
GovernmentBusinessTechnologyEquipmentSafety

ATA's Chris Spear Touts Issues-First Approach to Infrastructure Bill

NASHVILLE, Tenn. 鈥 American Trucking Associations President Chris Spear praised the bipartisan work that carried a federal infrastructure package across the finish line, and stressed that his group will always put issues ahead of politics

June 15, 2022
GovernmentBusinessSafetyLogistics

House Transportation Leaders Press Freight Rail Safety

The top Democrats on the House transportation panel highlighted workplace safety concerns across freight rail operations shortly after the Biden administration awarded the industry grants to alleviate supply chain woes.

June 15, 2022
GovernmentBusinessFuel

Biden Tells US Oil Refiners Record Profits 鈥楴ot Acceptable鈥

President Joe Biden told U.S. oil refiners that unprecedented profit margins are unacceptable and called for 鈥渋mmediate action鈥 to improve capacity as the soaring price of gasoline feeds record inflation and fears of a recession.

June 15, 2022
GovernmentBusinessLogistics

May Retail Sales Post Drop as Auto Purchases Plunge

U.S. retail sales fell in May for the first time in five months, restrained by a plunge in vehicle purchases and other big-ticket items, suggesting moderating demand for goods amid decades-high inflation.

June 15, 2022
BusinessTechnologyLogisticsFor-Hire

Firms Leverage Innovations to Manage Supply Chain Disruptions

CHICAGO 鈥 Trucking and logistics leaders said their companies鈥 investments in technology and more flexible service offerings have paid dividends during the supply chain turbulence of the past few years.

June 15, 2022
GovernmentBusinessTechnologyFuel

Diesel Crisis Likely to Stay Unfixed by Oil Refining Revival

A wave of new oil refining capacity that鈥檚 coming on stream won鈥檛 be enough to solve a global shortage of diesel, jet fuel and similar petroleum products.

June 15, 2022