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

Louisiana Champ Courville Promotes Mental Toughness

With the road to the National Truck Driving Championships underway, a familiar face at the main tournament has already qualified.

April 22, 2022
BusinessTechnologyEquipment

Cummins Files for Possible IPO of Filtration Business

Cummins Inc. announced its filtration business confidentially submitted a draft registration statement with the U.S. Securities and Exchange Commission for a proposed underwritten initial public offering in the United States.

April 22, 2022
BusinessLogistics

Montreal Port’s Pitch to Shippers: No Waiting

The head of Canada’s second-biggest port has a supply chain sales pitch few of his peers in the global shipping industry can match: zero wait time at sea for container traffic.

April 22, 2022
BusinessTechnologyLogisticsTop 100

XPO Marks Earth Day With Carbon Offsets Program

XPO Logistics Inc. introduced a carbon-offset shipping option for customers of its truck brokerage business in North America, the company announced April 22.

April 22, 2022
BusinessTechnologyLogisticsAutonomous

Convoy Adds Capital to Expand Technologies

Digital freight broker Convoy announced it raised $260 million in new funding and added a $150 million line of credit as it intends to accelerate the development of its efficiency-focused technologies.

April 22, 2022
BusinessFor-Hire

Penske Truck Leasing Expands in Washington State

Penske Truck Leasing announced it opened a new facility in Everett, Wash., that offers consumer and commercial truck rental, full-service truck leasing and contract truck fleet maintenance.

April 22, 2022
GovernmentBusinessLogisticsTCA

Shipping Firm Proposes CSX Project at SeaPort Manatee

PALMETTO, Fla. — The owners of World Direct Shipping have announced a bold initiative to send imported manufactured goods from SeaPort Manatee to the Northeast via a proposed CSX rail connection.

April 22, 2022
BusinessLogistics

Union Pacific Reports Strong Q1 Earnings

While Union Pacific Corp. delivered first-quarter financial results that outpaced Wall Street expectations, talk of service disruptions across its rail network and those of its competitors was top of mind among company executives who soon must answer to the Surface Transportation Board about those delays.

April 21, 2022
BusinessFuel

Gas Imports Flowing to West Coast at Near-Record Pace

The U.S. West Coast is importing gasoline at a near-record pace this month to help ease supply constraints amid eye-popping pump prices just ahead of the peak summer driving season.

April 21, 2022
BusinessLogisticsFor-Hire

Mullen Reports Q1 Revenue, Profit Growth

Mullen Group Ltd. reported double-digit increases in profit and revenue for the first quarter but warned that the motor carrier was concerned about surging inflation and higher fuel expenses.

April 21, 2022