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.

BusinessSafetyLogisticsPrivate

Amazon CEO Jassy Wants to Improve Warehouse Safety

In his first letter to Amazon shareholders, CEO Andy Jassy offered a defense of the wages and benefits the company gives its warehouse workers while also vowing to improve injury rates inside the facilities.

April 14, 2022
Business

Discover the New Way of Improving Driver Recruitment and Retention

Program Aired: April 14, 2022. The trucking industry is in trouble. With the driver shortage at over 90,000, the turnover rate averaging 90%, and many other pressing issues, something needs to give. It’s time we look under the hood into the current state of our drivers and discover new cost-effective and life-transforming ways of recruiting and retaining drivers.

April 14, 2022
BusinessTechnologyLogistics

XPO Chairman Jacobs Says Transportation Economy Shows Signs of Slowing

XPO Logistics Inc. CEO Brad Jacobs said that the transportation-specific economy remains strong but is slowing and not as vibrant as it was earlier in the year.

April 14, 2022
GovernmentBusiness

Consumer Sentiment Unexpectedly Rises to Three-Month High

U.S. consumer sentiment unexpectedly rose to a three-month high in early April as optimism about job growth and wage expectations more than outweighed decades-high inflation.

April 14, 2022
BusinessTechnologyFuelAutonomous

Elon Musk Makes $43 Billion Bid to Take Twitter Private

Elon Musk has made a controversial offer to buy Twitter Inc., saying the company has extraordinary potential and he is the person to unlock it.

April 14, 2022
GovernmentBusinessLogistics

Mexican Truck Exports Plunge 80% as Border Blockade Persists

Mexican semi-truck exports to the U.S. have slumped 80% in a matter of days as a border blockade to protest Texas Gov. Greg Abbott’s stepped-up vehicle inspections drags on.

April 14, 2022
GovernmentBusinessFuel

US Export Bank Approves Plan Seen as Boost for LNG Exporters

The U.S. Export-Import Bank approved a plan April 14 that could yield a flood of financing for U.S. energy ventures, including wind and solar projects, battery manufacturing and terminals to sell LNG overseas.

April 14, 2022
GovernmentBusiness

Jobless Claims Rise but Remain Near 50-Year Low

WASHINGTON — The number of people seeking unemployment benefits ticked up last week but remained at a historically low level, reflecting a robust U.S. labor market with near record-high job openings and few layoffs.

April 14, 2022
GovernmentBusinessFuel

Retail Sales Show Impact of Surging Gas Prices

U.S. retail sales picked up in March, helped by a surge in gas station receipts that masked mixed results in other large spending categories as consumers contend with decades-high inflation.

April 14, 2022
GovernmentBusinessLogistics

Abbott to Halt Some Truck Inspections on Border Snarl

Texas will halt some vehicle inspections at the U.S.-Mexico border after a protest against Gov. Greg Abbott’s crackdown provoked protests that halted some crucial food and equipment shipments.

April 13, 2022