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.

BusinessTechnologyEquipment

Updated Jake Brake Added to Paccar MX-11 Engine

Jacobs Vehicle Systems, a worldwide manufacturer of engine retarding and valve actuation systems for the commercial vehicle industry, has upgraded the company’s engine brake on model-year 2021 MX-11 heavy-duty diesel engines from Paccar Inc.

April 1, 2022
GovernmentBusiness

US Added 431,000 Jobs in March in Sign of Economic Health

America’s employers extended a streak of robust hiring in March, adding 431,000 jobs in a sign of the economy’s resilience in the face of a still-destructive pandemic and the highest inflation in 40 years.

April 1, 2022
BusinessTechnologyAutonomous

Plus Weighs IPO of Non-China Business

Plus is considering listing its non-China businesses in a U.S. initial public offering, according to people familiar with the matter, after the self-driving-truck startup scrapped a merger with a blank-check company.

April 1, 2022
GovernmentBusinessLogistics

Port Leaders Say They're Ready to Spend Infrastructure Funds

With the largest infusion of direct federal infrastructure spending set to begin, port leaders from around the country say they’re ready to begin rebuilding and upgrading their facilities to keep up with a record number of cargo containers moving through ports.

March 31, 2022
GovernmentBusinessTechnologyFuelLogistics

Rising Fuel Costs Slow Spot Rate Descent

The rise in fuel prices is slowing a decline in spot rates while also potentially suppressing base revenue for some carriers, experts said.

March 31, 2022
GovernmentBusinessTechnologyEquipment

Congressional Negotiations Ramp Up on Supply Chain, Semiconductor Package

WASHINGTON — Recent passage in the U.S. Senate of comprehensive legislation aimed at boosting domestic manufacturing of semiconductors is helping to set in motion formal negotiations with House lawmakers.

March 31, 2022
BusinessEquipment

February Used Class 8 Prices Set Records

February’s average retail sales price for a used Class 8 set another all-time record, besting January’s previous high by jumping beyond $94,000 — and sales may have hit their high point, according to ACT Research.

March 31, 2022
GovernmentBusinessSafety

Georgia Passes Bill Allowing Fair Apportionment of Fault Damages

Legislation that unanimously passed the Georgia Senate on March 30 will allow a defendant in civil litigation to apportion monetary damages to another party that shared fault in the case, but who was not named in the lawsuit.

March 31, 2022
GovernmentBusinessLogisticsTop 50

DeJoy Says He’s Been Cleared in Federal Probe

WASHINGTON — Postmaster General Louis DeJoy said March 31 that the Justice Department has closed without criminal charges an investigation into political fundraising activity at his former business.

March 31, 2022
GovernmentBusiness

House GOP Presses Oversight on Infrastructure Affairs

WASHINGTON — With a new $1 trillion infrastructure law potentially facilitating the distribution of billions of dollars in extra funding for infrastructure projects over the coming years, Republican leaders on the transportation panel in the U.S. House intend to push the Biden administration for input on the law’s implementation.

March 31, 2022