Trucking Business News

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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.

GovernmentBusinessEquipmentSafety

May Classes 4-7 Retail Sales Drop Below 17,000

U.S. Classes 4-7 retail sales in May sank 16.3% compared with a year earlier to just below 17,000, Wards Intelligence reported.

June 14, 2022
GovernmentBusiness

Gig Work Vote in Massachusetts Blocked by Court

A Massachusetts ballot initiative bankrolled by Uber Technologies Inc., Lyft Inc., and DoorDash Inc. to cement their workers’ status as independent contractors will not move forward, the state’s Supreme Judicial Court ruled.

June 14, 2022
BusinessFuel

Ford Halts Sales of Mustang Mach-E Over Defect

Ford Motor Co. has told dealers to temporarily halt sales of the Mustang Mach-E over a potential safety defect, a setback for the carmaker as it tries to fortify its position as a leader in electric vehicles.

June 14, 2022
BusinessFor-Hire

FedEx Boosts Dividend, Shakes Up Board

FedEx Corp. boosted its dividend and announced board changes in coordination with activist investor D.E. Shaw & Co., shaking up the courier just two weeks into the tenure of new CEO Raj Subramaniam.

June 14, 2022
GovernmentBusiness

Attorneys Spar in Closing Statements of RhodeWorks Tolling Trial

After more than two weeks of testimony, a federal tolling trial ended June 13 with an attorney for American Trucking Associations asking a judge to find the state of Rhode Island’s trucks-only “RhodeWorks” tolling program unconstitutional.

June 14, 2022
GovernmentBusinessLogistics

West Coast Ports Strike Unlikely Even if No Deal Is Reached by July

Employers and the union representing more than 22,000 dockworkers at 30 U.S. ports on the West Coast are unlikely to reach a wage deal by the time the current contract expires next month, but neither side foresees disruptions that would hobble supply chains.

June 14, 2022
BusinessTechnologyEquipmentFuel

Blink Charging Acquires SemaConnect to Boost EV Infrastructure

Electric vehicle charging business Blink Charging Co. has agreed to acquire SemaConnect Inc., an electric vehicle infrastructure company, for $200 million in cash and stock, according to a statement June 14, confirming a Bloomberg News report. 

June 14, 2022
GovernmentBusiness

May Producer Prices Soared 10.8% as Energy Prices Jumped

WASHINGTON — U.S. producer prices surged 10.8% in May from a year earlier, underscoring the ongoing threat to the economy from inflation that shows no sign of slowing.

June 14, 2022
GovernmentBusinessTechnologyEquipmentFuel

Fleet Owners Urged to Be Familiar With CARB Emission Proposal

WASHINGTON — Trucking companies should educate California regulators about potential impacts of a new regulation before it takes effect and becomes a model for the nation, according to fleet experts.

June 14, 2022
GovernmentBusinessFuel

Diesel Hits New Record at $5.718 a Gallon

The national average price for a gallon of diesel reached a record high this week at $5.718 a gallon, according to data released by the Energy Information Administration June 13.

June 13, 2022