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.

BusinessLogistics

Ryder Reports Q4, Full-Year Revenue Growth

Vehicle leasing and rental company Ryder System Inc. on Feb. 16 reported strong fourth-quarter and full-year 2021 earnings that easily exceeded Wall Street analysts’ expectations.

February 17, 2022
GovernmentBusinessLogistics

Watchdogs Pledge Crackdown on Global Supply Chain Collusion

Companies that use global supply chains to cover up collusion and criminal conduct could face fines equivalent to 10% of their revenue.

February 17, 2022
GovernmentBusiness

Jobless Claims Rise, Concentrated in a Few States

Applications for U.S. state unemployment insurance unexpectedly rose for the first time since mid-January, mainly concentrated in a few states in the South and Midwest, while most others declined.

February 17, 2022
BusinessLogisticsTop 100

Hirschbach to Acquire John Christner Trucking

Hirschbach Motor Lines on Feb. 16 announced that it will acquire Sapulpa, Okla.-based refrigerated carrier John Christner Trucking.

February 17, 2022
BusinessTop 100

Walmart Bucks Supply Chain Snarls With Upbeat Annual Outlook

Walmart Inc. surpassed Wall Street’s quarterly profit expectations and unveiled an upbeat sales outlook for the current fiscal year despite persistent cost pressures and flagging consumer sentiment.

February 17, 2022
GovernmentBusinessEquipmentFuelTCA

Oshkosh Decision to Build Mail Trucks in South Carolina Questioned

Major manufacturer Oshkosh Defense says it’s sticking with South Carolina for its $155 million mail truck plant, despite efforts by Wisconsin officials and union leaders to keep the company’s new investment in their state. The Oshkosh, Wis.-based company expects to hire 1,000 workers in South Carolina’s Upstate.

February 16, 2022
GovernmentBusinessEquipmentSafety

Truck Driving Simulator Excites Idaho High School Students

A new Idaho Trucking Association program using a truck simulator traveling to high schools appears to be paying off, by getting teens interested in driving careers.

February 16, 2022
GovernmentBusinessFuel

California Set to Reassert Itself as Leader in Battle Against Emissions

The Biden administration is moving to restore California’s legal power to lead the nation in stifling auto emissions and accelerating the transition to electric vehicles.

February 16, 2022
GovernmentBusinessSafety

Ottawa Police Step Up Efforts to Get Protesting Truckers to Leave

OTTAWA, Ontario — Ottawa’s police chief was ousted Feb. 15 amid criticism of his inaction against the trucker protests that have paralyzed Canada’s capital for over two weeks, while the number of blockades maintained by demonstrators at the U.S. border dropped to just one.

February 16, 2022
GovernmentBusinessTechnologyEquipment

US Factory Output Rises as Firms Navigate Supply Constraints

Production at U.S. factories rose modestly in January, suggesting manufacturers gradually are working through pandemic-related shortages of materials and labor that hobbled output in the prior month.

February 16, 2022