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.

BusinessEquipmentLogistics

Ports Maintain High Volumes in April

Imports continue to dominate the cargo at the nation’s ports, and the nation’s busiest — the Port of Los Angeles — reported its second-busiest April in its 115-year-plus history,

May 23, 2022
BusinessEquipment

Average Age of US Cars Hits Record 12.2 Years

Cars on U.S. roads are as old as they’ve ever been, potentially complicating efforts to expand the use of new safety and emissions-reduction technologies.

May 23, 2022
BusinessEquipment

Trailer Orders Tumble to Year’s Low Point

Net U.S. trailer orders in April rose 36% compared with the 2021 period, but plunged compared with March to settle at the lowest point since October, ACT Research reported.

May 21, 2022
GovernmentBusinessTechnologyEquipment

Hyundai Announces $5.5 Billion EV Plant in Georgia

ELLABELL, Ga. — Hyundai Motor Group confirmed May 20 the company will spend $5.5 billion on a huge electric vehicle plant near Savannah that will employ thousands — a deal Georgia’s governor called the largest economic development project in the state’s history.

May 20, 2022
GovernmentBusinessTechnology

Biden Calls South Korean Chip Plant a Model for Deeper Ties to Asia

PYEONGTAEK, South Korea — President Joe Biden opened a trip to Asia May 20 by touring a South Korean computer chip factory that will be the model for another plant in Texas, offering it as a way to deepen ties with the Indo Pacific and fuel technological innovation and foster vibrant democracies.

May 20, 2022
BusinessLogistics

FIATA Focuses on Unfair Shipping Competition, Digital Trade Documents

New digitized trade documents and unfair competition from shipping lines infringing on turf for inland cargo are top priorities during a gathering of transportation leaders and government officials convened by the world’s largest freight forwarding association.

May 19, 2022
GovernmentBusinessEquipmentFuel

Groups Urge Cautious Approach With EPA NOx Proposal

Transportation groups expressed general support for the goal of reducing nitrogen oxides emissions in comments filed with federal regulators regarding a proposal to set stricter NOx limits for trucks, but cautioned against an overly aggressive approach that could be harmful to motor carriers’ operations and ability to serve the public.

May 19, 2022
GovernmentBusinessTechnologyEquipmentSafetyLogistics

ATA’s Chris Spear Touts Efforts to Address Parking, Training at Mid-Year Session

SCOTTSDALE, Ariz. — American Trucking Associations President Chris Spear said the group’s recently completed Mid-Year Management Session tackled key issues facing the industry, but stressed that much work remains to address the biggest challenges confronting motor carriers.

May 19, 2022
GovernmentBusinessFuel

House Passes Fuel Price Gouging Bill

Legislation that aims to expand federal provisions against price gouging in the marketplace for gasoline and other fuels passed in the U.S. House of Representatives on May 19.

May 19, 2022
BusinessFuelLogistics

Spot Market Normalization Signals Uncertain Future

The spot market has been declining, but with rates and volumes still above historic norms it’s unclear where it will stabilize.

May 19, 2022