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.

BusinessTCA

Florida Trucking Jobs in High Demand

Thousands of trucking jobs need to be filled in Florida and trucking companies are offering sign-on bonuses as high as $15,000 to entice applicants with commercial driver licenses.

October 29, 2021
BusinessLogisticsTop 100

Werner Reports Revenue, Earnings Growth for Q3

Werner Enterprises achieved record third-quarter earnings per share despite supply chain and labor woes, the company reported Oct. 28.

October 29, 2021
GovernmentBusinessLogisticsTop 50

Lineage Adds Automated Facility in Virginia

Lineage Logistics announced the opening of its fully automated facility located adjacent to the Port of Virginia’s Virginia International Gateway in Portsmouth, which offers an integrated network of highways, air, rail and sea services.

October 29, 2021
BusinessTechnologyLogistics

Amazon Stake in Rivian Disclosed as 20%

Amazon .com Inc. owns a 20% stake in electric vehicle maker Rivian Automotive Inc., the startup with which it has placed an order for 100,000 battery-powered delivery vans, the e-commerce giant disclosed Oct. 29 in a securities filing.

October 29, 2021
BusinessTop 100

Universal Posts Higher Revenue, Lower Profit in Q3

Universal Logistics Holdings posted higher revenue, but earnings declined during the third quarter, the carrier reported Oct. 28.

October 29, 2021
BusinessTop 100

USA Truck Reports Revenue, Earnings Growth in Q3

USA Truck’s revenue and earnings improved during the third quarter, the company reported Oct. 28.

October 29, 2021
GovernmentBusinessEquipmentSafety

Navistar Agrees to Pay $52 Million Civil Penalty for Sale of Certain 2010 Engines

Navistar Inc. has agreed to a civil settlement with the U.S. Department of Justice under which the manufacturer will pay a $52 million penalty but admit no wrongdoing in connection with the sale of 7,749 heavy-duty diesel engines in 2010 that the government alleged were sold in violation of the Clean Air Act.

October 29, 2021
BusinessFuel

Profitable Exxon, Chevron Emerge as Global Economy Rebounds

ExxonMobil reversed the losses it suffered last year during the pandemic with a $6.75 billion third-quarter profit as demand pushes the price for a barrel of crude past $80 for the first time in years.

October 29, 2021
GovernmentBusiness

Wages Jump by the Most on Records Dating Back 20 Years

WASHINGTON — Wages and salaries jumped in the three months ending in September by the most on records that date back 20 years as companies are forced to offer higher pay to fill a near-record number of available jobs.

October 29, 2021
BusinessTechnologyEquipment

Volvo’s IPO Marks One of Europe’s Biggest in 2021

Volvo Car AB gained in its trading debut in Stockholm after raising 20 billion kronor ($2.3 billion) in an initial public offering, as investors bought into the company’s successful turnaround and promise of an electric future.

October 29, 2021

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