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.

BusinessFuel

TravelCenters Reports Higher Q1 Net Income, Revenue

TravelCenters of America Inc. reported first-quarter net income and revenue rose along with gross fuel margins.

May 5, 2022
BusinessTechnologyEquipmentSafety

TuSimple Taps Werner for Roadside Service, Support

TuSimple has added Werner Enterprises Inc.’s roadside service network to others that will provide support to customers operating in “driver-out†SAE Level 4 autonomous mode on its Autonomous Freight Network.

May 4, 2022
GovernmentBusiness

Fed Hikes Rates Half-Point; Powell Signals Similar Moves Ahead

The Federal Reserve delivered the biggest interest-rate increase since 2000 and signaled it would keep hiking at that pace over the next couple of meetings, unleashing the most aggressive policy action in decades to combat soaring inflation.

May 4, 2022
BusinessTechnologyEquipment

Eaton Posts Record Segment Margins in Q1

Power management company Eaton Corp. reported first-quarter net income and revenue rose, and it reached record Q1 segment margins, or the amount of profit or loss produced by one component of a business.

May 4, 2022
GovernmentBusinessTechnologyEquipmentSafety

Industry Reacts to FMCSA's Plans on Heavy-Truck Speed Limiters

A federal proposal to consider requiring speed limiters on new commercial trucks has drawn mixed reactions from trucking and safety groups.

May 4, 2022
GovernmentBusinessSafety

‘Beyond Compliance’ Program Delays Challenge FMCSA

Nearly five years after it was mandated by Congress to go into effect, federal trucking regulators have yet to establish a “beyond compliance†program to offer motor carriers some sort of extra credit or reward for early adoption of safety technologies or fatigue management programs.

May 4, 2022
GovernmentBusinessFuel

Congressional Leaders Eye Legislation Targeting Fuel Prices

With the traditional start of the busy summer driving season fast approaching, congressional leaders are taking aim at rising gasoline prices.

May 4, 2022
BusinessEquipment

April Class 8 Orders Fall to 15,800

North American Class 8 vehicle orders in April hit nearly 16,000 — less than half of those a year earlier — with slots for 2022 largely filled and little consistency for when truck makers will open build slots for 2023, ACT Research reported, citing truck makers’ preliminary data.

May 4, 2022
BusinessFor-Hire

Werner Reports 24% Increase in Revenue for Q1

Werner Enterprises posted net income of $53.7 million, or 82 cents a diluted share, for the first quarter, compared with $46.5 million, 68 cents, during the same time the previous year, the company reported May 3.

May 4, 2022
Business

Uber Sidesteps Lyft’s Debacle With Optimism Over Riders, Profit

Uber Technologies Inc. delivered a positive outlook for earnings in the current period, signaling the company plans to capitalize on robust ride demand without compromising profits by focusing on product changes, rather than incentives, to address the driver shortage.

May 4, 2022