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

Harold Sumerford Jr. Tirelessly Advocates for Industry

For much of Harold Sumerford Jr.’s adult life, he has risen at 4:30 each morning and worked 11 hours a day, six days a week. But it’s never felt like the daily grind for American Trucking Associations' new chairman.

Eric Miller | Senior Reporter
October 27, 2021
Business, Technology, Fuel, Autonomous

Hertz Teams With Uber, Carvana in Electric Shift

Hertz Global Holdings Inc., fresh off a blockbuster order for 100,000 Teslas, reached an exclusive agreement to supply Uber drivers with electric vehicles and signed up Carvana Co. to dispose of rental cars it no longer wants.

Erik Schatzker | Bloomberg News
October 27, 2021
Business, Technology, Equipment, Safety, Autonomous, Top 100

Current Driver-Assist Tech Effective, Experts Say

NASHVILLE, Tenn. — Driver-assist technologies that are already widely available on the commercial truck market have demonstrated that they can prevent crashes, save lives and reduce litigation-related costs, a group of industry experts said.

Seth Clevenger | Managing Editor, Features and Multimedia
October 27, 2021
Business

Harold Sumerford Jr. Elected ATA’s 77th Chairman

NASHVILLE, Tenn. — American Trucking Associations closed out its 2021 Management Conference & Exhibition with a celebratory evening after electing Harold Sumerford Jr. as the federation’s 77th chairman.

Seth Clevenger | Managing Editor, Features and Multimedia
October 26, 2021
Business, Equipment

Paccar Sees Net Income Soften, Revenue Rise in Q3

Paccar Inc. reported mixed results with lower net income and higher revenue in the third quarter as undelivered new trucks stacked up but its parts segment notched record revenue.

Roger Gilroy | Senior Reporter
October 26, 2021
Business, Technology, Fuel, Logistics

GM to Install 40,000 Public EV Chargers

General Motors Co. will use its dealership network to deploy up to 40,000 electric vehicle chargers across the U.S. and Canada, as the veteran automaker ramps up its shift to plug-in models.

David R. Baker | Bloomberg News
October 26, 2021
Business, Technology, Safety

ATA Recognizes SmartWay Honorees

NASHVILLE, Tenn. — American Trucking Associations honored 28 member companies for being recognized with the U.S. Environmental Protection Agency’s SmartWay Excellence Awards.

Eugene Mulero | Senior Reporter
October 26, 2021
Government, Business, Logistics

Maine Turnpike Authority Increases Toll Rates

In an effort to avert a large shortfall due to the COVID-19 pandemic, trucks and cars traveling the Maine Turnpike will pay a little bit more in tolls.

Eric Miller | Senior Reporter
October 26, 2021
Business, Equipment, Logistics

Retail Spending Key to Trucking Activity, ATA’s Costello says

NASHVILLE, Tenn. — Gross domestic product fell almost 3.4% in 2020, snapped back 5.4% this year and is expected to grow over 4% next year. Yet, GDP isn't what one analyst gauges trucking activity by.

Connor D. Wolf | Staff Reporter
October 26, 2021
Business

Video: MCE Day 3 Recap

ATA President Chris Spear's State of the Industry address highlighted Day 3 activity at MCE 2021.

October 26, 2021