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.

BusinessSafety

Driving ROI: The Business Case for Toll Management

Program Aired: April 28, 2022. Do you know how much your decisions are impacting your tolling expenses? Most fleets don’t, as there is no unified database of tolling spend. The problem is even more complex when fleets operate in different regions or nationally. Join our webinar to learn about implementing a toll management solution can generate 90% ROI in just 6 months.Ā 

April 28, 2022
BusinessFor-Hire

Covenant Logistics Posts $291.6 Million in Revenue for Q1

Covenant Logistics Group Inc. saw revenue and earnings improvements during the first quarter of 2022, the company reported April 27.

April 28, 2022
BusinessTechnologyEquipmentFuel

Nikola Sees Energy Transition in Arizona Desert

COOLIDGE, Ariz. — Several customers’ recently completed Nikola Tre Class 8 battery-electric trucks sat ready for delivery inside Nikola Corp.’s new assembly plant, a scene described by company executives as a watershed moment since the white cabover BEVs will generate 7-year-old Nikola’s first-ever quarterly revenue.

April 28, 2022
GovernmentBusinessFuelTCA

Rivian Reaches Deal in Georgia for Environmental Standards

A development authority east of Atlanta has voted to approve an ā€œeconomic development agreementā€ for the planned $5 billion Rivian factory, outlining terms with the electric vehicle company, including environmental standards and taxpayer-backed incentives.

April 28, 2022
BusinessTechnologyEquipment

Dana Reports Gain in Q1 Revenue, Lower Net Income

Dana Inc. reported first-quarter net income dropped and revenue slightly increased.

April 28, 2022
GovernmentBusiness

Economy Posts Surprise Contraction, Belying Solid Consumer Picture

The U.S. economy shrank for the first time since 2020, reflecting an import surge tied to robust consumer demand. While the surprise contraction adds to political headaches for President Joe Biden, it’s unlikely to dissuade the Federal Reserve from hiking interest rates aggressively to combat inflation.

April 28, 2022
BusinessEquipment

Industry Leaders React to Soaring Used Class 8 Prices

CHARLOTTE, N.C. — With the average cost of used Class 8 trucks soaring in March to more than $101,000, trucking officials attending fleet management company Corcentric’s annual conference say they fear some in the industry may be priced out of the market.

April 28, 2022
BusinessSafety

Three More Sentenced for Roles in Staged Crashes

Three New Orleans women who faced up to five years in prison have been sentenced for their roles in staging accidents with heavy-duty vehicles and ordered to pay more than $5 million in restitution to motor carrier victims of the crashes.

April 27, 2022
GovernmentBusinessSafetyFuel

FMCSA Issues ā€˜Notice of Intent’ to Require Speed Limiters on Heavy Trucks

The Federal Motor Carrier Safety Administration on April 27 issued a notice of intent to move forward with a rulemaking to require the use of speed limiters for commercial motor vehicles.

April 27, 2022
BusinessTechnologyFuelTCA

Ford Eyes EV Market Leadership With Launch of F-150 Lightning

Ford Motor Co. is officially planting its flag with the launch of an all-electric version of America’s best-selling pickup truck, aiming to overtake Tesla Inc. and lead the electric vehicle market.

April 27, 2022