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.

GovernmentBusinessLogistics

Labor Chief Sees No Sign of Strike, Lockout in West Coast Port Talks

Labor Secretary Marty Walsh said he sees no signs of a strike or a lockout looming in the contract negotiations between dockworkers and employers at some of the nation’s most important ports, even as talks continue without a contract.

August 5, 2022
GovernmentBusiness

Democrats Say They’ve Reached Agreement on Economic Package

WASHINGTON — Senate Democrats have agreed to eleventh-hour changes to their marquee economic legislation, they announced late Aug. 4, clearing the major impediment to pushing one of President Joe Biden’s paramount election-year priorities through the chamber in coming days.

August 5, 2022
GovernmentBusiness

Employers Added 528,000 Jobs in July

WASHINGTON — America’s hiring boom continued last month as employers added a surprising 528,000 jobs despite raging inflation and rising anxiety about a recession.

August 5, 2022
BusinessTechnologyLogisticsBreaking NewsFor-Hire

XPO Names Mario Harik to Succeed Brad Jacobs as CEO

XPO Logistics Inc. announced that Mario Harik will succeed Brad Jacobs as CEO of XPO and join the board of directors following XPO’s planned spinoff of its tech-enabled brokerage platform.

August 4, 2022
BusinessLogistics

Apollo-Led Group to Buy Cargo-Hauler Atlas Air for $3.2 Billion

An investor group led by Apollo Global Management Inc. is acquiring Atlas Air Worldwide Holdings Inc. for about $3.2 billion, expanding its foray into aircraft leasing and charter flying as demand for air cargo cools from pandemic-era highs.

August 4, 2022
BusinessEquipment

July Class 8 Orders Take Expected Downturn

North American Class 8 orders in July, not unexpectedly, crawled to 11,400, the lowest point of the year. ACT Research reported the figure, citing truck makers’ data that was preliminary but largely complete.

August 4, 2022
GovernmentBusinessTechnologySafetyFuelLogistics

ATA’s Chris Spear Optimistic About Trucking Economy, R.I. Tolling Verdict

American Trucking Associations President Chris Spear said the trucking industry continues to show resilience despite challenges in the U.S. economy, marked by two straight quarters of negative gross domestic product and interest rate hikes by the U.S. Federal Reserve that aim to slow decades-high rates of inflation.

August 4, 2022
GovernmentBusinessSafetyFuel

Senate Debates Freight-Centered Budget Bill

Legislation that aims to reduce emissions at commercial ports and freight corridors is topping Senate Democrats’ legislative priorities ahead of the upcoming congressional summer recess.

August 4, 2022
GovernmentBusiness

FMCSA Nominee Robin Hutcheson Awaits Senate Confirmation

President Joe Biden’s pick to oversee federal trucking regulations is awaiting a confirmation vote in the U.S. Senate.

August 4, 2022
BusinessLogisticsFor-Hire

U.S. Xpress Reports $554M Revenue for Q2

U.S. Xpress Enterprises posted revenue gains but sluggish earnings during the second quarter of 2022, the company reported Aug. 3.

August 4, 2022

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