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, Technology, Equipment, Fuel, Autonomous

Kodiak Installs Autonomous Driving System on Electric Truck

ANAHEIM, Calif. — Autonomous truck developer Kodiak Robotics unveiled a battery-electric Class 8 truck equipped with its self-driving technology at the 2023 ACT Expo.

Seth Clevenger | Managing Editor, Features
May 2, 2023

Infographic: Ryder’s Foundation for a Successful Freight Brokerage

Globally, supply chains are facing unprecedented levels of disruption. As a result, shippers and carriers are challenged more than ever to keep goods moving while remaining profitable. While most brokerages point to technology as the key to achieving success, today’s setbacks have proven that technology alone isn’t enough.

Business, Technology, Equipment, Fuel, Logistics, Global Freight

DHL Plans Third Air Cargo Hub in California

Greg Hewitt, CEO of DHL Express U.S., says company leadership is doubling down on its GoGreen Plus program, with a goal of being a net-zero emissions company by 2050.

Dan Ronan | Senior Reporter
May 1, 2023
Business, Equipment, For-Hire

Forward Air Reports Revenue and Earnings Decline for Q1

Forward Air Corp. experienced a year-over-year decline in revenue and earnings during the first quarter of 2023, the company reported May 1.

Connor D. Wolf | Staff Reporter
May 1, 2023
Government, Business, Fuel

Diesel Prices Sink to an Average of $4.018 a Gallon

Diesel prices fell by an average of 5.9 cents a gallon in the past week to flirt with the $4 a gallon mark, settling at $4.018 a gallon, according to  the Energy Information Administration.

Keiron Greenhalgh | Staff Reporter
May 1, 2023
Business, Technology, Equipment, Logistics, For-Hire, Global Freight

FedEx Freight Plans Closure of 29 Locations

FedEx Freight informed team members internally May 1 that it will be closing 29 freight locations and furloughing certain job classes.

Connor D. Wolf | Staff Reporter
May 1, 2023
Government, Business, Logistics

GAO Tells DOT to Update Freight Handbook

To improve real-time decisions in the commercial transportation sector, a new government watchdog report recommended the U.S. Department of Transportation update its freight guidance.

Eugene Mulero | Senior Reporter
May 1, 2023
Business, Equipment, For-Hire, TCA

Penske to Acquire Michigan-Based Star Truck Rentals

Reading, Pa.-based Penske Truck Leasing plans to acquire Star Truck Rentals, a transportation services company that operates facilities in Indiana and Michigan.

Daniel Urie | Pennlive.com
May 1, 2023
Business, Technology, Safety, Autonomous

Aurora CEO Chris Urmson on the Future of Self-Driving Trucks

The prospect of a driverless semi is scary to many, but not to Aurora Innovation CEO Chris Urmson, who helped to build Google’s autonomous vehicle unit.

Tom Krisher | Associated Press
May 1, 2023
Business, Technology, Fuel

BAE Systems, Eaton Collaborate on Electric Drive Solutions

BAE Systems is collaborating with the power management company Eaton to develop an integrated electric vehicle system for medium-duty trucks, the companies announced May 1.

May 1, 2023
Government, Business, Technology, Fuel

Florida, South Korea Join in Hydrogen Research

Florida and South Korean officials signed a pact to create a hydrogen research hub, set to break ground next month in Polk County.

Noël Fletcher | Staff Reporter
May 1, 2023