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.

GovernmentBusinessLogistics

Rising Freight Rates Put Heavy Burden on Grain-Importing Nations

The war in Ukraine will put further pressure on grain-importing countries in Africa and Asia as a reduced number of vessels for delivering cargoes drives up shipping rates, according to the head of the International Chamber of Shipping.

April 19, 2022
BusinessTechnologyFuelLogisticsAutonomous

Walmart Will Run Forklifts on 鈥楪reen鈥 Hydrogen in Plug Power Deal

Plug Power Inc.鈥檚 bid to become a major supplier of carbon-free hydrogen just won the backing of one of the company鈥檚 oldest customers: Walmart Inc.

April 19, 2022
BusinessLogisticsFor-Hire

J.B. Hunt Reports Jump in Revenue for Q1

J.B. Hunt Transport Services Inc. experienced a 33% increase in revenue year-over-year for the first quarter of 2022, the company reported April 18.

April 18, 2022
BusinessLogisticsTCA

STB Approves Pan Am Railways Merger With CSX

Pan Am Railways, Maine鈥檚 largest rail operator, will merge with Jacksonville, Fla.-based CSX Transportation, the fourth-largest rail transportation company in the U.S.

April 18, 2022
BusinessLogisticsFor-Hire

XPO to Open LTL Terminals in California, Georgia

XPO Logistics Inc. will expand its less-than-truckload network with the openings of two terminals, the company announced April 18.

April 18, 2022
BusinessLogistics

After Removing 500 Containers, Ever Forward Moves Forward

BALTIMORE 鈥 A containership the length of more than three football fields has finally been pried from the muddy bottom of the Chesapeake Bay more than a month after it ran aground.

April 18, 2022
GovernmentBusiness

Biden to Require US-Made Steel, Iron for Infrastructure

WASHINGTON 鈥 The Biden administration is taking a key step toward ensuring that federal dollars will support U.S. manufacturing 鈥 issuing requirements for how projects funded by the $1 trillion bipartisan infrastructure package source their construction material.

April 18, 2022
GovernmentBusinessTechnology

Congress Seeks Compromise to Boost Computer Chip Industry

WASHINGTON 鈥 A global computer chip shortage has made it harder for consumers to get their hands on cars, computers and other modern-day necessities, so Congress is looking to boost chip manufacturing and research in the United States with billions of dollars from the federal government.

April 18, 2022
Business

AOI Capital Acquires RK Logistics Group

Third-party logistics company RK Logistics Group announced April 15 that it has been acquired by a group of investors led by the investment firm AOI Capital.

April 18, 2022
GovernmentBusinessTechnologyAutonomous

Rivian鈥檚 EV Factory Remains Constrained by Chip Shortage

Rivian Automotive Inc.鈥檚 鈥渓aunch mode鈥 is impressive 鈥 at least on its trucks. The assembly lines are perfectly capable of cruising speed; they just need more computer chips.

April 18, 2022