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.

GovernmentBusinessFuelTCA

Recession Might Be Only Way Diesel Costs Will Drop

When industry pays more for diesel, it passes along the higher cost to customers and the financial pain ripples through the economy, driving inflation and squeezing everyday consumers. The only way out may be a painful one.

May 24, 2022
GovernmentBusinessSafety

Gender Bias, Harassment in Industry Still a Concern, Report Says

A new report and survey conducted by the Women In Trucking Association showed that most women regard the industry as safe, but many report they have been the recipients of verbally offensive comments, verbal threats and abuse in recent years.

May 24, 2022
BusinessTechnologyFuelPerspective

Perspective: How Fleets Can Prepare for EVs

There are so many developments occurring in the electric vehicle space that it is becoming hard to keep up. But before fleets rush out to invest in battery-electric trucks, there are important things that need to be taken into account — and not all of the considerations are obvious at first glance. Fleets interested in EVs need to start preparing now.

May 24, 2022
BusinessFuel

Lithium Miner Albemarle Lifts Outlook as EV Battery Demand Surges

Albemarle Corp., the world’s largest producer of lithium, raised its outlook for the second time this month as tight supply and growing electric vehicle demand forces battery makers to pay up for the metal.

May 24, 2022
GovernmentBusinessLogistics

Traffic at NYC-Area Bridges, Tunnels Hits Pre-Pandemic Levels

Traffic at the Port Authority of New York and New Jersey’s bridges and tunnels has returned to pre-pandemic levels, partly due to changes in traveling habits, said Rick Cotton, the agency’s executive director.

May 24, 2022
BusinessLogisticsPrivate

Amazon to Sublease Warehouses as Online Shopping Slows

Amazon is planning to sublease some of its warehouse space now that the pandemic-fueled surge in online shopping, which helped the e-commerce giant rake in soaring profits in the past two years, has eased.

May 24, 2022
BusinessEquipmentLogisticsFor-Hire

Fleets Find Challenges in Rising Maintenance Costs, Parts Shortages

With a laundry list of hurdles facing many trucking companies, the focus on preventive maintenance becomes clearer as fleets are adding alternative suppliers and providers, and stockpiling inventory to help control costs and reduce downtime.

May 24, 2022
BusinessTechnologyEquipmentFuel

Hyliion Q1 Revenue Rises on Sales of Hybrid ePowertrain

Hyliion Holdings Corp. reported a net loss and higher revenue in the first quarter as it worked to move its core electric products into the market.

May 23, 2022
BusinessTechnologyEquipmentFuel

Experts Urge Preparation Now for Transition to EVs

SCOTTSDALE, Ariz. — Sometime in the 2020s or early 2030s a growing number of traditional longhaul trucks could be running on hydrogen fuel cell systems while vans and trucks running regional and local routes — in the 150- to 250-mile per day range or going in and out of ports — will rely on battery-electric propulsion systems.

May 23, 2022
BusinessLogistics

High Rate of Turnover Among Stressed-Out Supply Chain Managers

Supply chain managers quit their jobs last year at the highest rate since at least 2016 due to a mix of burnout and a desire for fatter paychecks.

May 23, 2022