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.

BusinessEquipment

Paccar Q3 Profit Falls 20.9%, Tops Analyst Expectations

Paccar Inc.’s profit in the third quarter fell as the truck market continues to normalize, but still beat analyst expectations.

October 22, 2024
GovernmentBusinessTechnologySafety

West Virginia Invests $4.7M in Road Safety Tech Upgrade

The goal is for the state to use technology to lower weather-related vehicle crashes in West Virginia by warning drivers with real-time alerts about dangerous roadway conditions.

October 22, 2024
BusinessLogistics

Uber Freight Ups Cross-Border Business as Nearshoring Booms

The Chicago-based logistics platform has seen significant growth, reporting a 77% year-over-year increase in cross-border business from shippers and more than 2,000 daily shipments.

October 22, 2024
BusinessEquipment

Stellantis Sees Ram Sales Rebound as Inventories Shrink

Ram brand sales are up 35% to 40% so far in October, Ram and Chrysler CEO Chris Feuell said at a Reuters automotive conference in Detroit Oct. 22.

October 22, 2024
GovernmentBusinessLogisticsFor-HireTCA

Lynden Transport Selected to Deliver Capitol Christmas Tree

Lynden Transport will carry the Capitol Christmas Tree from Alaska to the nation’s capital later this year.

October 22, 2024
BusinessBreaking News

ATA Truck Tonnage Drops 2.1% in September After Gains

Freight tonnage ended two months of sequential gains with a decline in September, American Trucking Associations reported Oct. 22.

October 22, 2024
BusinessLogistics

Truckload Expansion Lifts TFI International’s Q3 Results

The Montreal-based transportation and logistics company posted net income of $128 million, or $1.50 a diluted share, for the three months ending Sept. 30.

October 22, 2024
GovernmentBusinessTechnology

US Extends 25% Tax Credit to Chip and Solar Wafers

The Biden administration finalized rules for a 25% tax credit for semiconductor manufacturing projects.

October 22, 2024
BusinessLogisticsFor-HirePrivateGlobal Freight

Walmart Challenges Amazon With Prescription Delivery

Walmart Inc. will start delivering prescriptions to U.S. homes in as little as 30 minutes, a move that’s intended to grab a bigger slice of online spending and compete against Amazon.com Inc.

October 22, 2024
BusinessEquipment

General Motors Posts Q3 Profit of $3 Billion

DETROIT — U.S. sales are down and a once-reliably profitable joint venture in China is losing money, but General Motors still managed to post a third quarter profit of $3 billion.

October 22, 2024

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