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

ArcBest Q2 Profit Climbs on LTL Margin, Price Increase

Profit at ArcBest rose 16.1% year over year in the second quarter as an improvement in less-than-truckload revenue per shipment and an increase in prices trumped a decline in shipments.

August 5, 2024
BusinessEquipment

Continental Weighs Spinoff to Separate Car Parts From Tires

Continental AG is considering spinning off and listing its struggling automotive business to separate it from the German parts maker鈥檚 more successful tire operations.

August 5, 2024
BusinessEquipmentSafety

Nation's Top Truckers Gathering in Indy for Safety Showcase

Some 422 elite truck drivers have descended on Indianapolis for the National Truck Driving Championships with the goal of emerging as the best in the country.聽

August 4, 2024
GovernmentBusinessLogistics

Silicon Valley Subway Project Nabs $5.1B for Bay Area Link

The long-awaited subway project linking California鈥檚 Silicon Valley to parts of the San Francisco Bay Area is set to receive $5.1 billion in federal funding.

August 2, 2024
BusinessLogisticsFor-HireTop 100

Hub Group Misses Analyst Expectations on Weak Q2 Market

Hub Group profit in the second quarter of 2024 fell due to the ongoing weakness in the North American freight market, but a final-mile acquisition in December 2023 offered a bright spot.

August 2, 2024
BusinessTechnologyEquipmentFuel

Cummins Q2 Profit Rises on Higher Generator, Engine Sales

An increase in sales of power generators and heavy-duty truck engines boosted profits at Cummins Inc. in the second quarter of 2024, the company said Aug. 1.

August 2, 2024
GovernmentBusinessTechnologyFuel

British Columbia Investing in Hydrogen Hub on Highway 16

Canada鈥檚 British Columbia will grant $108,000 to develop a regional hydrogen hub to support business development along its western Highway 16 freight corridor from central Prince George to the Pacific Coast.

August 2, 2024
BusinessLogisticsFor-HireTop 100

Schneider Q2 Profit Slumps as Intermodal, Logistics Revenue Falls

Schneider National profit in the second quarter of 2024 slumped 54% as price increases failed to arrive as early as the carrier expected and ongoing freight market weakness saw intermodal and logistics revenue decline.

August 2, 2024
GovernmentBusinessFuel

OPEC Kept Oil Output Steady in July

OPEC kept oil production broadly steady in July while it cautiously monitors the impact of its latest cutbacks on global markets.

August 2, 2024
GovernmentBusinessEquipmentFuel

US Trucking Embraces Renewable Diesel for Cleaner Operations

Renewable diesel as a drop-in fuel for diesel combustion engines is starting to gain traction in the U.S. trucking industry, said suppliers, distributors and federal energy researchers.

August 2, 2024

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