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, Equipment, Top 100

January Sales Indicate Used Truck Market Is Poised to Grow

The average used Class 8 vehicle in January had higher mileage and sold for a little less than a year earlier, ACT Research reported, calling it an inkling of all the freight there was to haul in the second half of 2020.

Roger Gilroy | Senior Reporter
February 25, 2021
Government, Business, Technology, Fuel

Senate Confirms EV Proponent Jennifer Granholm as Energy Secretary

Former Michigan Gov. Jennifer Granholm won Senate confirmation Feb. 25 to be President Joe Biden’s energy secretary. The vote was 64-35.

Matthew Daly | Associated Press
February 25, 2021
Government, Business

Orders for US Durable Goods Climb 3.4% in January

Orders to U.S. factories for big-ticket goods shot up 3.4% in January, pulled up by surge in orders for civilian aircraft. A category that tracks business investment posted a more modest gain, the Commerce Department reported Feb. 25.

Paul Wiseman | Associated Press
February 25, 2021
Government, Business, Safety

Safety Is a Priority for Policymakers Pursuing Highway Bill

Transportation policymakers in Congress aiming to produce comprehensive highway legislation this year pledged to boost safety policies across the mobility grid.

Eugene Mulero | Senior Reporter
February 25, 2021
Government, Business, Technology, Fuel

Activists Say USPS Truck Purchase Defies Biden’s EV Order

The U.S. Postal Service currently plans for only 10% of its new truck fleet to be electric, Postmaster General Louis DeJoy said Feb. 24, angering environmentalists who say the move flies in the face of a White House executive order to electrify the government’s vehicles.

February 25, 2021
Business, Technology, Fuel

Daimler Truck Eyes Profit Rebound, Electric Rig in Spinoff Year

Daimler AG’s truck unit will focus on restoring earnings this year and start producing an electric big rig as it gets ready to separate from the larger Mercedes-Benz luxury-car division after more than a century.

Christoph Rauwald | Bloomberg News
February 25, 2021
Government, Business

Jobless Claims Decline by More Than Forecast Last Week

Applications for U.S. state unemployment benefits fell by more than forecast last week to the lowest since November, signaling that job cuts are starting to ebb as COVID-19 infections decline and vaccinations accelerate.

Olivia Rockeman | Bloomberg News
February 25, 2021
Business, Technology, Equipment, Safety

Peterbilt Launches Updated Vocational Models 567 and 520

Peterbilt Motors Co. has updated its vocational Model 567 and 520 trucks, the company announced Feb. 24.

February 25, 2021
Government, Business, Safety

Fraudulent Movers Are a Major Threat to the Industry

The hardworking men and women in the household goods moving profession call their fraudulent counterparts “rogue operators.”

Eric Miller | Senior Reporter
February 25, 2021
Business, Equipment

For Recruiting and Retention, Trucking Companies Should Focus on Equipment, Pay

Trucking companies must focus on maintaining good equipment and keeping lines of communication open with drivers to ensure effective recruitment and retention, a new report found.

Connor D. Wolf | Staff Reporter
February 24, 2021