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.

BusinessFor-Hire

Ongoing Truckload Weakness, Helene Hurt P.A.M. Q3 Profit

Profits at P.A.M. Transport slumped 61% in the third quarter of 2024 on the back of continued truckload market weakness and the impact of Hurricane Helene.

November 5, 2024
GovernmentBusinessTechnologySafetyAutonomousTCA

States Prepare Rules for Autonomous Vehicles

While no fully autonomous cars are in regular use in the country yet, some states have allowed limited testing and pilot programs on public roads.

November 5, 2024
GovernmentBusinessSafetyLogistics

North Carolina Deploys Surplus Goods to Aid Storm Recovery

Gov. Roy Cooper has issued two executive orders to aid recovery efforts in the state — one to expedite distribution of surplus goods, and another to waive motor vehicle requirements.

November 5, 2024
BusinessLogisticsFor-HireTop 100

Forward Air Revenue Soars 92%; Net Loss Hits $34M

The Tennessee-based ground transportation and logistics services provider posted a net loss of $34.2 million, or negative $2.62 a diluted share, for the three months ending Sept. 30.

November 5, 2024
BusinessFuel

Aramco Q3 Profit Down 15% Year Over Year

DUBAI, United Arab Emirates — Saudi Arabian oil giant Aramco reported third-quarter profit of $27.5 billion on Nov. 5, down about 15% from last year as low oil prices ate into its revenue.

November 5, 2024
BusinessEquipment

Parts Maker Schaeffler to Cut 4,700 Jobs on Auto Woes

Schaeffler AG will cut about 4,700 jobs in Europe and close two sites as a deepening slump at Volkswagen AG and other German carmakers ripples through their supply chains.

November 5, 2024
BusinessFuel

World Demand for Diesel Likely to Fall

The world’s demand for diesel is forecast to fall this year, a rare event for the fuel that powers swaths of the global economy.

November 5, 2024
GovernmentBusiness

Harris, Trump Campaigns Make Final Push Before Election Day

Vice President Kamala Harris and former President Donald Trump delivered their closing arguments to voters heading into Election Day as their campaigns draw to a conclusion.

November 5, 2024
GovernmentBusinessTechnologyEquipmentLogisticsAutonomous

US Taps California for CHIPS for America R&D Facility

Sunnyvale, Calif., will host both a research and development semiconductor facility and serve as joint headquarters for Natcast and the National Semiconductor Technology Center.

November 4, 2024
BusinessTechnology

Uber Proposes 6% Pay Cut for NYC Drivers

The company wants the city’s Taxi and Limousine Commission, which sets minimum driver pay, to reduce the per-mile rate in its driver pay formula by 6.1% to $1.277 from the current $1.360.

November 4, 2024

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