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.

GovernmentBusinessFuel

Gas Prices Hit Record With Driving Season Looming

Retail gasoline and diesel prices rallied to a record just ahead of the nation’s summer driving season, a challenge for President Joe Biden and the Federal Reserve as they face the fastest inflation in decades.

May 10, 2022
BusinessTechnologyFuelAutonomous

DTNA Unveils Production-Ready eCascadia at ACT Expo

LONG BEACH, Calif. — Freightliner Trucks, a division of Daimler Truck North America, has unveiled its production-ready eCascadia Class 8 electric truck, built on the best-selling heavy-duty truck platform in North America.

May 10, 2022
BusinessTechnologyFuel

How Anglo American Developed the World’s Biggest Hydrogen-Fueled Truck

Four years ago, Anglo American Plc couldn’t find any industry partners to support its idea of replacing open-pit mining’s monster diesel trucks with climate-friendly, green hydrogen-fueled vehicles.

May 10, 2022
BusinessTechnologyFuelLogisticsGlobal Freight

HMM to Continue Deploying More Ships as Port Congestion Persists

HMM Co., the biggest container-shipping line in South Korea, will continue deploying more vessels than usual to try to meet demand from the country’s exporters struggling to transport goods overseas.

May 10, 2022
BusinessLogistics

XPO Reports Record $3.47 Billion in Revenue for Q1

XPO Logistics Inc. reported its highest revenue of any quarter in its history May 9 for the first quarter of 2022.

May 9, 2022
BusinessLogistics

Critical Talks to Begin for West Coast Port and Warehouse Workers

Labor Secretary Marty Walsh, seaport officials on the West Coast, International Longshore and Warehouse Union negotiators and leaders with the Pacific Maritime Association are talking optimistically that a long-term contract with workers can be negotiated this summer.

May 9, 2022
Business

Odyssey Realigns Business Structure With Four New Divisions

Odyssey Logistics & Technology Corp. realigned its business structure by creating four new operating divisions, the company announced May 4.

May 9, 2022
BusinessFuel

At More Than $4.30 a Gallon, Gasoline Nears Its March Record

Gasoline pump prices in the U.S. are rising to within a hair of an all-time record three weeks ahead of the peak driving season.

May 9, 2022
BusinessLogisticsFor-Hire

U.S. Xpress Reports Earnings Loss Despite Revenue Gains

U.S. Xpress Enterprises reported revenue growth but a decline in earnings for the first quarter of 2022.

May 9, 2022
GovernmentBusinessSafety

Senate Panel Advances Water Infrastructure Bill

Legislation designed to enhance funding for the country’s commercial waterways was easily approved by the Senate Environment and Public Works Committee this month.

May 9, 2022