Business

About Business News...

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.

Business, Logistics

Trucking M&A Expert Doesn’t Expect Slowdown

The market for mergers and acquisitions in trucking is poised to stay robust, but could undergo some changes, an expert said during a recent industry event.

Connor D. Wolf | Staff Reporter
January 27, 2023
Government, Business

Inflation, Consumer Spending Cool in December

WASHINGTON — The Federal Reserve’s preferred inflation gauge eased further in December, and consumer spending fell — the latest evidence that the Fed’s series of interest rate hikes are slowing the economy.

Christopher Rugaber | Associated Press
January 27, 2023
Government, Business, Technology, Safety

Idaho Replaces 511 Trucking App With New One

State transportation officials want to get the word out to thousands of truckers using the Idaho 511 Trucking app that they need to switch to a new 511 state travel system because the other doesn’t work now.

Noël Fletcher | Staff Reporter
January 27, 2023
Government, Business, Technology, Equipment

SUVs Emerge as Hot Point in EV Tax Credit Debate

General Motors Co. has taken a central role in pushing the Treasury Department to change how the government defines a sport utility vehicle and expand how many buyers can get electric vehicle tax credits.

January 27, 2023
Business, Logistics, Top 100

Knight-Swift Reports Lower Q4 Results

Knight-Swift Transportation Holdings Inc. experienced a year-over-year decline in revenue and earnings during the fourth quarter of 2022, the company reported Jan. 26.

Connor D. Wolf | Staff Reporter
January 27, 2023
Business, Technology

Automakers Eye Market for Small Electric Pickups

Having zipped from six-figure sedans to Costco-crushing SUVs, electrification is finally zeroing in on the auto industry’s most esoteric form: the tiny pickup truck.

Kyle Stock | Bloomberg News
January 27, 2023
Government, Business, Logistics

Rail Workers Still Seeking Quality-of-Life Improvements

OMAHA, Neb. — The contract imposed on railroad workers last fall didn’t resolve their quality-of-life issues, but already this year there are indications the major freight railroads are starting to address some of their concerns.

Josh Funk | Associated Press
January 26, 2023
Business, Logistics, Private

Amazon to Sell Bay Area Office Complex as Sales Growth Cools

Amazon .com Inc. is selling a vacant Bay Area office complex purchased about 16 months ago, the company’s latest effort to unwind a pandemic-era expansion that left it with a surfeit of warehouses and employees.

Spencer Soper | Bloomberg News
January 26, 2023
Government, Business, Safety, Logistics

Positive Marijuana Tests Among Drivers Grow at Alarming Rate

Nearly 41,000 truck drivers tested positive for marijuana in 2022, a 32% increase over 2021, according to a report recently compiled from data in the Federal Motor Carrier Safety Administration’s Drug & Alcohol Clearinghouse.

Eric Miller | Senior Reporter
January 26, 2023
Business, Technology

Reduce the Noise: How to Solve Fleet Data Overload

Trucking companies today are inundated with fleet data. The constant juggling of system logins, dashboards, and alerts is not only overwhelming, but it’s inefficient and generates higher operating costs.

January 26, 2023