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.

BusinessLogistics

Maersk Lost More Than $700 Million From Russia in Quarter

A.P. Moller Maersk A/S lost more than $700 million in the first quarter from the war in Ukraine as it counts the cost of exiting Russia, according to the shipping giant.

May 4, 2022
BusinessFor-Hire

Daseke Reports 26% Rise in Revenue for Q1

Daseke Inc. experienced a 26% increase in revenue year-over-year for the first quarter, the company reported May 3.

May 3, 2022
BusinessTechnologyEquipment

Meritor Reports FY Q2 Revenue Climbs on Demand, Higher Pricing

Meritor Inc. reported fiscal second-quarter net income dipped and revenue increased primarily driven by higher truck production in most global markets and pricing actions.

May 3, 2022
GovernmentBusinessTechnologyFuelFor-Hire

Shippers Turn to Trucking for Help Meeting Carbon Reduction Goals

LAS VEGAS — As large corporations make bold pledges to achieve carbon neutrality in the coming decades, they are increasingly looking at their supply chains as an opportunity to make progress toward those goals.

May 3, 2022
BusinessTechnologyEquipment

Cummins Reports All-Time High Quarterly Revenue

Cummins Inc. reported first-quarter net income fell as it posted all-time record quarterly revenue.

May 3, 2022
BusinessLogistics

Freight Industry Downshifts From Hectic Pace for Shipping

A gauge of logistics stress in the U.S. economy eased in April as freight transportation cooled, a sign that the broader economy is downshifting to a speed that remains expansionary.

May 3, 2022
Business

Pennsylvania Truckers Oppose Tolls on Nine Interstate Bridges

The Pennsylvania Motor Truck Association is raising alarm about the possible costs to motor carriers of a tolling proposal from the state’s Department of Transportation to pay for upgrades to as many as nine highway bridges.

May 3, 2022
GovernmentBusinessTechnologyFuel

White House to Help States Plan for National EV Charging Network

The new Joint Office of Energy and Transportation has helped 44 states in the past two months with technical assistance as part of the White House’s $7.5 billion deployment to build a national electric vehicle charging network.

May 3, 2022
GovernmentBusinessTechnologyFuel

ATRI Tallies Environmental Impact of Zero-Emission Trucks

The overall life cycle of Class 8 zero-emission trucks would result in a net decrease in carbon dioxide emissions of just 30% compared with internal combustion engines despite the trucks having no direct tailpipe emissions, according to a just-released study by the American Transportation Research Institute.

May 3, 2022
GovernmentBusiness

Coalition Formed to Recruit, Train 500 New Truck Drivers

A coalition of trucking advocacy groups, the U.S. Chamber of Commerce and employment website Indeed teamed up beginning May 2 to offer 500 full scholarships to members of the military and their spouses interested in obtaining a commercial driver license.

May 3, 2022