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.

GovernmentBusiness

US Job Openings Rose Unexpectedly to Record 11.5 Million

U.S. job openings and the number of Americans who quit their jobs in March rose to record highs, indicating that employers continue to struggle to retain and hire workers.

May 3, 2022
BusinessTechnologyEquipment

Stellantis to Buy Mercedes-BMW Car-Sharing Venture

Stellantis NV will acquire the Share Now car-sharing venture formed by BMW AG and Mercedes-Benz AG, the latest shakeup in the industry as automakers struggle to make mobility services profitable.

May 3, 2022
GovernmentBusinessFuel

Rivian Wins $1.5 Billion in State Incentives for Georgia Plant

Electric-pickup maker Rivian Automotive Inc. will receive $1.5 billion in state and local incentives to build a massive plant near Atlanta, bolstering the company’s production efforts despite local resistance to the project.

May 2, 2022
GovernmentBusiness

Amazon Workers in NYC Reject Union in a Reversal of Fortune

Amazon warehouse workers on Staten Island in New York City overwhelmingly rejected a union bid on May 2, dealing a blow to organizers who last month pulled off the first successful U.S. organizing effort in the retail giant’s history.

May 2, 2022
GovernmentBusinessTechnologyAutonomous

Senators Press USDOT on AV Tech

A group of senators recently asked the U.S. Department of Transportation for an update on efforts to regulate key aspects of autonomous vehicles.

May 2, 2022
BusinessTechnologyEquipmentAutonomousPerspective

Perspective: Exploring Quantum Computing

Quantum computing might be a new frontier in easing logistics management.

May 2, 2022
GovernmentBusinessFuel

Biden’s Team Puts Up Over $3 Billion to Boost Battery Output

The Biden administration will spend more than $3 billion to support the domestic manufacturing of advanced batteries used in electric vehicles and energy storage, officials said May 2.

May 2, 2022
BusinessEquipment

Rush Enterprises’ Net Income, Revenue Set Q1 Records

Truck dealership Rush Enterprises Inc. reported net income more than doubled in the first quarter as revenue rose 27% compared with a year earlier.

May 2, 2022
BusinessFor-Hire

Saia Reports 112% Increase in Earnings for Q1

Saia Inc. experienced a 112% year-over-year increase in total earnings for the first quarter, the company reported May 2.

May 2, 2022
GovernmentBusinessFuel

Gulf of Mexico Oil Drilling Makes Too-Little, Too-Late Comeback

A new wave of oil platforms is sweeping into the U.S. Gulf of Mexico as crude prices are riding historic levels and demand for barrels is higher than ever.

May 2, 2022