Uber filed a racketeering suit against a group of law firms, doctors and pain-management clinics it claims staged fake car accidents to take advantage of New York’s no-fault insurance policies.
January 30, 2025Trucking 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.
Uber Alleges Fraud Scheme by NY Groups Faking Crash Injuries
Used Class 8 Truck Sales Rise 11% in December
Used Class 8 truck sales in December increased 11.3% year over year and 4.8% from November's level, according to ACT Research.
January 30, 2025Trucking Industry Cargo Thefts Reach Record High in 2024
Verisk CargoNet reported that cargo theft incidents jumped 27% year over year to a record 3,625 across North America, and the estimated average value per theft increased 7.7%.
January 30, 2025US Ports End Year on High Note
U.S. ports capped off 2024 with solid growth, as most major facilities reported volume increases for December.
January 30, 2025Lower Truck Sales, Higher Costs Hurt Volvo Q4 Profits, Margins
A decrease in truck sales in North America and Europe plus increased production costs in the U.S. dragged on Volvo Group AB profits in the fourth quarter of 2024, the company said Jan. 29.
January 30, 2025Committee on Freight Policy Examines Panama Canal Operations
A Senate panel on Jan. 28 took aim at China’s involvement with operations at the Panama Canal and examined President Donald Trump’s economic strategy linked to travel by U.S. ships through the facility.
January 30, 2025Infrastructure Shows Effects of Climate Change
Worldwide warming temperatures are hammering roads that were built for a different climate, ballooning repair budgets and sometimes cutting off communities from goods and services.
January 30, 2025Changes Coming for Car and Pickup Fuel Efficiency
DETROIT — Hours after being sworn in as the new Secretary of Transportation, Sean Duffy took aim at the main way the federal government regulates miles per gallon for cars and pickup trucks.
January 30, 2025C.H. Robinson Reports 382% Earnings Jump for Q4
The Eden Prairie, Minn.-based logistics and shipping company on Jan. 29 posted net income of $149.3 million, or $1.22 a diluted share, for the three months ending Dec. 31.
January 30, 2025UPS Posts 1.5% Revenue Growth; Shares Fall on Amazon Deal
UPS Inc. experienced revenue and earnings growth despite a tougher freight market in the fourth quarter of 2024, the parcel delivery company reported Jan. 30.
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