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.

GovernmentBusinessSafety

White House Urges Ports to Work With Local Leaders to Secure Funding

WASHINGTON — Top White House executives urged port leaders to collaborate with their elected leaders and focus on projects that align with Biden administration goals as they strive to access a share of $1.2 trillion in federal infrastructure funds.

March 31, 2022
BusinessLogistics

Trucking Companies Bet on Intermodal Growth

J.B. Hunt, Knight-Swift and Schneider are among the motor carriers expanding their intermodal operations for new avenues for growth.

March 31, 2022
GovernmentBusinessFuel

Biden Invokes Defense Production Act to Boost EV Battery Production

The Biden administration announced it will invoke Cold War powers to boost domestic production of materials for batteries needed to power electric vehicles and the transition to renewable energy, a move intended to improve U.S. competitiveness in a market dominated by China.

March 31, 2022
BusinessTechnologyAutonomous

Aurora Upgrades Autonomous Driving System

Aurora Innovation Inc. is upgrading its self-driving truck technology as it prepares to commercialize its autonomous vehicle technology.

March 31, 2022
GovernmentBusinessFuel

OPEC Sticks to Modest Boost in Oil Despite War Jitters

LONDON — OPEC and allied oil producers including Russia decided March 31 to stick to a modest increase in the amount of crude they pump to the world, a step that supports higher prices even as the Biden administration plans to try to lower them by releasing oil from strategic reserves.

March 31, 2022
GovernmentBusinessFuel

Key Inflation Gauge Sets 40-Year High as Fuel, Food Soar

WASHINGTON — An inflation gauge that is closely monitored by the Federal Reserve jumped 6.4% in February compared with a year ago, with sharply higher prices for food, gasoline and other necessities squeezing Americans’ finances.

March 31, 2022
GovernmentBusinessFuel

Biden Plans to Tap Oil Reserve to Control Gas Prices

WASHINGTON — President Joe Biden is preparing to order the release of up to 1 million barrels of oil per day from the nation’s strategic petroleum reserve, according to two people familiar with the decision, in a bid to control energy prices that have spiked as the U.S. and allies have imposed steep sanctions on Russia over its invasion of Ukraine.

March 31, 2022
GovernmentBusinessTop 50

Secretary Walsh Optimistic About Port Workers’ Contract Talks

CARLISLE, Pa. — Labor Secretary Marty Walsh is optimistic that upcoming labor negotiations for workers at West Coast ports will progress smoothly, noting the critical role that dockworkers and port drivers play in keeping supply chains moving.

March 30, 2022
GovernmentBusinessTechnologyAutonomous

Congressional Transportation Policymakers Push AV Tech Bill

Two leading proponents in Congress for the establishment of a national regulatory framework for autonomous vehicles recently expressed optimism about the eventual passage of their legislation.

March 30, 2022
GovernmentBusinessSafety

Two More Plead Guilty to Staged Accidents in New Orleans

Two New Orleans women have pleaded guilty in separate conspiracy schemes to stage accidents — one involving a tractor-trailer and the other a bus.

March 30, 2022