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.

Government, Business, Fuel

WTI Tops $103 as Supply Fears Persist

Oil extended gains after the close as a decision by the U.S. and other major economies to release emergency stockpiles failed to ease concerns of a major shortfall in supplies as sanctions mount on Russia.

Julia Fanzeres | Bloomberg News
March 1, 2022
Business, Safety

2022 State Truck Driving Championships Schedule

Here is the 2022 weekly schedule for state truck driving championships. Winners in each of nine categories advance to the National Truck Driving and Step Van Driving Championships in Indianapolis, Aug. 16-20.

March 1, 2022
Business

Reduce Tolling Headaches with INFORM Tolling

Solve the challenges of toll invoices with INFORM Tolling from PrePass! Read this new guide and learn how this easy-to-use tolling software provides tools to: identify areas for toll savings, streamline toll disputes, manage violations, prevent fraud and more!

March 1, 2022
Business

Recruit a “New” Segment of Drivers to Take on the Driver Shortage

The trucking industry is standing at a crossroads. Between the driver shortage and the challenges in recruitment and retention, this guide gets to the heart of the problem. You’ll learn shocking statistics around driver health, how it’s feeding the driver shortage, and a new pool of drivers to recruit from.  

March 1, 2022
Business, Equipment

Safe and Reliable Battery Systems for Electric Trucks

BYD electric trucks are hard at work across North America, moving freight at ports and railyards, making deliveries, and collecting refuse. BYD trucks are environmentally friendly with zero harmful emissions while also providing the reliability and performance you need. Our truck’s safe and reliable battery technology improve your bottom line with lower fuel and maintenance costs. 

March 1, 2022
Business, Technology, Equipment

January Class 8 Retail Prices for Used Trucks Soar to New High

January’s average retail sales price for a used Class 8 truck burst past $88,000 to set a new monthly record and post an 83.2% gain compared with a year earlier, ACT Research reported.

Roger Gilroy | Senior Reporter
March 1, 2022
Business, Logistics, TCA

Funds Sought for Companion Span to Brent Spence Bridge

Kentucky and Ohio Govs. Andy Beshear and Mike DeWine announced their plans to jointly request up to $2 billion in federal funding for the Brent Spence Bridge Corridor Project at a press conference in Covington, Ky., on Feb. 28.

Christopher Leach | Lexington Herald-Leader
March 1, 2022
Business

TCW Transportation 100% Employee-Owned

TCW Transportation is now 100% employee-owned. Officials on Feb. 28 announced that the Nashville, Tenn., company founded in 1948 completed the Employee Stock Ownership Plan on Jan. 1.

March 1, 2022
Business, Fuel, Logistics

Workhorse to Retire Troubled Flagship Electric Delivery Van

Workhorse Group Inc. plans to kill its flagship electric delivery van after a recall last year, turning instead to two new models after what its CEO called a “costly misstep.”

Sean O'Kane | Bloomberg News
March 1, 2022
Government, Business, Fuel

Nations Agree to Release 60 Million Barrels of Oil

FRANKFURT, Germany — The International Energy Agency’s 31 member countries agreed March 1 to release 60 million barrels of oil from their strategic reserves — half of that from the United States — “to send a strong message to oil markets” that supplies won’t fall short after the Russian invasion of Ukraine.

David McHugh | Associated Press
March 1, 2022