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

More Carriers Announce Driver Pay Raises

Carriers continue to hike pay in hopes of stemming the driver shortage, with Cargo Transporters, B&G Supply Co., Montgomery Transport and Two Marines Moving among the latest to announce raises.

March 3, 2022
BusinessFuel

Rivian Cancels Price Hikes for Existing Customers After Outcry

Rivian Automotive Inc. dropped to a record low after the electric-vehicle maker rolled back price increases on its debut cars for existing customers, marking an about-face as it ramps up production and seeks to win over more buyers.

March 3, 2022
BusinessTechnologyEquipmentLogistics

February Class 8 Orders Mirror Weak Production Levels

Preliminary North American Class 8 orders in February came in at 21,000, or essentially even with January’s volume, but were less than half of what fleets ordered a year earlier, ACT Research reported, citing truck makers’ initial data.

March 3, 2022
GovernmentBusinessLogisticsTCA

Mobile Airport, Port Authority Awarded $100 Million Federal Grant

Two Mobile, Ala., transportation agencies are getting a combined $100 million in federal grant money to support various projects, including the construction of a new international airport terminal at the Brookley Aeroplex.

March 3, 2022
GovernmentBusinessEquipment

Toyota, Honda Join Growing Corporate Retreat From Russia

Japan’s biggest carmakers joined the widening global corporate pullback from Russia, following the likes of Ford Motor Co. and Exxon Mobil Corp., which have chosen not to do business there after the invasion of Ukraine.

March 3, 2022
GovernmentBusinessEquipment

Renault Has No Good Options as Other Automakers Turn on Russia

After the invasion of Ukraine, international carmakers are winding down Russian operations in droves.

March 3, 2022
GovernmentBusinessLogistics

Biden Calls for Changes to Shipping Act to Improve Competition

President Joe Biden and some members of Congress are calling for ocean carriers to lose their limited antitrust immunity under legislation that has been introduced in the House of Representatives.

March 2, 2022
BusinessTechnologyEquipmentFuel

Navistar Unveils EV-Related Next Experience Trailer

Navistar Inc. announced it unveiled its Next Experience Trailer to provide industry stakeholders the opportunity to learn more about the process and benefits of electric vehicle adoption.

March 2, 2022
BusinessTechnologyLogistics

Amazon Closing All Bookstores, Shops to Focus on Grocery Sector

Amazon .com Inc. is closing all of its physical bookstores, “Amazon 4-Star†locations and mall pop-up kiosks as the world’s largest online retailer narrows its brick-and-mortar push to the grocery sector.

March 2, 2022
GovernmentBusinessSafety

State, Federal Funds to Improve 1-70 Mountain Corridor in Colorado

A $700 million project to improve a notorious mountain bottleneck on Interstate 70 in Colorado is being lauded by stakeholders in the state and Transportation Secretary Pete Buttigieg.

March 2, 2022