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.

BusinessTechnologyAutonomous

GM’s Cruise Names Interim CEO Vogt Full-Time Chief

Cruise LLC, the autonomous vehicle company that is majority-owned by General Motors Co., named founder Kyle Vogt its full-time chief executive officer.

February 28, 2022
GovernmentBusinessSafety

DOT Proposes Adding Oral Fluid Specimen for Driver Drug Testing

The Department of Transportation is proposing to add new drug testing guidelines that would permit motor carriers to test truck drivers using oral fluid samples as an alternative to urine testing.

February 28, 2022
BusinessTechnologyEquipmentTop 100

Class 8 Truck Makers, Buyers Struggle to Get in Sync on Orders

No one asked for these challenges: not the truck buyers staring at a rising tide of freight demand, and not truck makers delivering as many new heavy-duty trucks as they can to customers, but still way too few.

February 28, 2022
Business

Dayton Freight Lines to Acquire Cartage Division From Valley Cos.

Dayton Freight Lines announced Feb. 28 that it plans to acquire the Cartage division from Valley Cos., a transportation and logistics company.

February 28, 2022
BusinessTechnologyFuel

Chevron to Buy Renewable Energy Group for $3.1 Billion

Chevron Corp. agreed to buy green diesel producer Renewable Energy Group Inc. for $3.1 billion in the biggest low-carbon deal of CEO Mike Wirth’s four-year tenure.

February 28, 2022
GovernmentBusinessLogistics

New York-New Jersey Tunnel Work May Start in 2023

The $12.3 billion Gateway rail tunnel linking New York City and New Jersey has reached a major preconstruction milestone with the completion of geotechnical studies necessary for the engineering phase.

February 28, 2022
GovernmentBusinessSafetyLogistics

Shippers, Retailers Focus on Upcoming ILWU, PMA Contract Talks

The retail sector is urging West Coast port workers and leaders to begin negotiations early on a new labor contract, a move that could prevent potential future delays at facilities that already are dealing with backlogs.

February 28, 2022
BusinessTechnologyFuel

Hyliion Receives Order for 50 Hypertruck ERX Powertrains

Hyliion Holdings Corp. announced private fleet GreenPath Logistics ordered 50 Hyliion Hypertruck ERX powertrains.

February 28, 2022
BusinessTechnologyLogisticsAutonomous

Embark Partners With Alterra on Transfer Points

Autonomous truck software developer Embark Trucks Inc. announced a strategic partnership with Alterra Property Group, a real estate investment company focused on industrial outdoor storage properties, to identify and launch transfer-point sites across the Sunbelt.

February 28, 2022
BusinessLogisticsTop 50

GXO, Clipper Boards Agree to Terms on Acquisition

The GXO Logistics and Clipper Logistics boards of directors on Feb. 28 said they have agreed to terms on the contract logistics company’s previously announced potential acquisition of Clipper.

February 28, 2022