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.

BusinessEquipment

Strong Trailer Demand Grows Wabash Q1 Profits

Wabash reported higher profits and sales during the first quarter as motor carriers and shippers rushed to purchase trailers to meet strong freight demand.

April 27, 2022
GovernmentBusinessSafetyLogistics

STB Searches for Answers About Freight Rail Delays

The U.S. Surface Transportation Board began two days of emergency public hearings April 26 to try to find ways to loosen the still-jammed supply chain.

April 27, 2022
GovernmentBusinessFuel

Dems Consider Legislative Moves to Cut Gas Prices

House Speaker Nancy Pelosi and Senate Majority Leader Chuck Schumer met on April 27 to discuss possible legislation to reduce gas prices, according to a Democratic aide.

April 27, 2022
BusinessFor-Hire

Old Dominion Freight Line Reports Record Revenue for Q1

Old Dominion Freight Line’s revenue reached a record during the first quarter, the company announced April 27.

April 27, 2022
BusinessTechnologyEquipmentFuel

The Big EV Charging Mystery: How Long Does It Take?

How long does it take to “fill up” an electric car? Well, that depends on the car … and the charger … and how many other cars are plugged into the charger … and how full the battery is to begin with … and, oh yeah, the weather matters, too.

April 27, 2022
Business

P&O Restarts Truck Ferries on Crucial Dover-Calais Route

P&O Ferries Ltd. resumed freight-only services on the critical English Channel crossing between Dover and Calais after a six-week hiatus as it tries to move on from outrage caused by the abrupt firing of nearly 800 staff.

April 27, 2022
BusinessTechnologyEquipment

Microsoft’s, Chipmakers’ Bottom Lines Hit by Xi’s Lockdowns

Companies from Microsoft Corp. to Texas Instruments Inc. that long benefited from supply chains that run through China now are paying a price for the country’s sweeping lockdowns that have confined millions to their homes.

April 27, 2022
BusinessLogistics

Canadian National Reports Q1 Revenue Increase

Canadian National Railway experienced an increase in revenue but a decline in earnings during the first quarter, the company reported April 26.

April 26, 2022
BusinessPrivate

Walmart’s Driver Pay Boost Goes Beyond Miles Driven

Walmart Inc. made a big splash recently with the news that it was boosting its overall pay package for first-year drivers to as much as $110,000 a year. But its new compensation package for drivers of all experience levels covers more than just pay per mile.

April 26, 2022
BusinessLogisticsFor-Hire

UPS Reports Strong Q1 Earnings Amid Lower Package Volume

UPS Inc. reported first-quarter earnings that exceeded Wall Street expectations, saying its quarterly income increased to $3.3 billion compared with $2.77 billion in the first quarter of 2021.

April 26, 2022