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.

GovernmentBusiness

Producer Prices in October Drop Most Since 2020

U.S. wholesale prices fell sharply last month as inflationary pressure continued to ease after a year and a half of higher interest rates.

November 15, 2023
BusinessTechnologyEquipmentFuel

Volvo Workshop Prepares Fleet Partners for CARB Regulations

Now is the time for fleets to meet the challenge of complying with next year鈥檚 CARB regulations, a panelist said during a virtual Volvo Trucks regulatory workshop.聽

November 15, 2023
GovernmentBusiness

Retail Sales Slip in October With Holiday Season Ahead

Americans cut back on retail spending in October, ending six straight months of gains, though the decline was partly driven by falling prices for both gasoline and cars.

November 15, 2023
BusinessEquipment

October Medium-Duty Sales Post First Decline Since March

U.S. retail sales for medium-duty trucks declined 4.2% year-over-year in October, ending six consecutive months of year-over-year increases, according to data from Wards Intelligence.

November 15, 2023
BusinessTechnologyLogisticsAutonomous

Robots Outnumber People 15-to-1 at Massive New UPS Warehouse

UPS Inc.聽just opened its largest warehouse, and plans to fill the $79 million facility with more than 3,000 robots by next year to handle tasks like lifting and reduce the need for manual labor.

November 15, 2023
GovernmentBusinessLogistics

GSA to Revamp Two Land Crossings From Washington to Canada

The U.S. General Services Administration awarded a contract for a pre-design project study to modernize two ports of entry from Washington state to Canada to alleviate truck congestion.

November 14, 2023
BusinessTechnologyEquipment

Third-Quarter Loss Widens for Truck Maker Hyzon

Third-quarter losses at Hyzon Motors Inc. increased to $41 million from $25 million in the year-ago period as the Class 8 hydrogen FCEV manufacturer eyes the start of serial production.

November 14, 2023
GovernmentBusinessSafetyTCA

Maryland Governor Commits to Labor, Infrastructure Projects

Maryland Gov. Wes Moore on Nov. 13 announced Baltimore鈥檚 commitment to its designation as a Workforce Hub through investments in career and technical education and training for local workers.

November 14, 2023
BusinessEquipment

UAW, Mack Trucks Ratify New Collective Bargaining Agreement

Mack Trucks on Nov. 15 announced that members of the United Auto Workers union ratified a new five-year collective bargaining agreement with the company, covering about 3,900 employees.

November 14, 2023
GovernmentBusinessLogisticsGlobal Freight

Container Shipping Seeing Major Cuts After $364 Billion Boom

The container shipping industry, after two years of聽record-high freight rates and slow deliveries, is seeing its boom become a bust due to oversupply following the COVID-19 demand highs.

November 14, 2023

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