Trucking Business News

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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.

GovernmentBusiness

Inflation Slows From 40-Year Peak, but Remains High

WASHINGTON — Falling prices for gas, airline tickets and clothes helped give Americans a slight break from the pain of high inflation last month, though overall price increases slowed only modestly from a four-decade high that was reached in June.

August 10, 2022
BusinessTechnologyEquipment

Hyliion Reports Increased Interests in Powertrain for Q2

Hyliion Holdings Corp. continued to build up orders for its premier electric powertrain system during the second quarter of 2022, the company reported Aug. 9.

August 10, 2022
GovernmentBusinessTechnologyLogistics

Entire US Supply Chain Needs 24/7 Operations, Not Just Ports, Official Says

All parts of the U.S. supply chain — not just its ports — need to move to round-the-clock operations to alleviate snarl-ups and reduce overall costs, President Joe Biden’s supply chain czar said.

August 10, 2022
BusinessTechnology

Musk Says Tesla Will Begin Shipping Semis Later This Year

Elon Musk offloaded $6.9 billion worth of stock in Tesla Inc. to accumulate cash ahead of a trial that could force the billionaire to follow through on an agreement to acquire Twitter Inc.

August 10, 2022
BusinessTechnologyEquipmentFuelBreaking News

Nikola CEO Mark Russell to Retire Jan. 1

Truck manufacturer Nikola Corp. has announced a leadership change that places a 20-year automotive industry veteran at its helm.

August 10, 2022
Business

Driver Pay Rose in 2021, ATA Survey Finds

Truck drivers saw their pay increase in 2021 — some significantly — according to a new study from American Trucking Associations.

August 10, 2022
GovernmentBusinessTechnologyFuel

FHWA Charting Path for National EV Charging Network

Due to a lack of national standards and different practices at electric vehicle charging stations, the Federal Highway Administration is preparing to establish regulations that shape what those stations must be like in states that receive federal funds.

August 9, 2022
GovernmentBusinessFuelLogistics

ATRI Reports Cost of Trucking Notches Record in 2021

Soaring prices for diesel fuel, rising maintenance costs and higher wages for drivers pushed the price of operating a truck up 12.7% in 2021 to $1.855 per mile — the highest level on record — according a report released Aug. 10 by the American Transportation Research Institute.

August 9, 2022
BusinessLogisticsTCA

UPS to Acquire Health Care Logistics Firm Bomi Group

UPS announced plans to acquire Italian-based health care logistics firm Bomi Group to expand the reach of its health unit globally.

August 9, 2022
GovernmentBusinessTechnology

Biden Signs $280 Billion CHIPS Act in Bid to Boost US Over China

President Joe Biden enacted into law legislation designed to enhance domestic semiconductor manufacturing and alleviate supply chain bottlenecks.

August 9, 2022

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