Latest Articles

Business, Technology, Fuel

Top Electric-Car Battery Maker Wins Approval for Company Split

LG Chem won investor approval on Oct. 30 to spin off its electric-car battery division.

South Korea’s LG Chem Ltd. won shareholder approval to hive off its superstar battery business, with investors betting the division has a better chance to thrive as a stand-alone entity.

October 30, 2020
Business, Logistics, Top 50, Top 100

Universal Logistics Reports Higher Net Income of $13.6M for Q3

Universal Logistics tractors

Universal Logistics Holdings Inc. reported higher third-quarter net income, lifted largely by the recovery in automotive production.

Connor D. Wolf | Staff Reporter
October 30, 2020
Government, Business, Fuel

Oil Poised for Worst Month Since March With Growing Curbs

An aerial view of workers operating a derrick in Russia.

Oil headed for its biggest monthly drop since March as renewed lockdown measures to contain the coronavirus threatened to upend a shaky demand recovery.

Andres Guerra Luz | Bloomberg News
October 30, 2020
Government, Business, Technology

New House Bill Promotes Transportation Technologies

Road tech illustration

Legislation that aims to promote the adoption of new technologies throughout the country’s transportation networks was recently introduced in the U.S. House of Representatives.

Eugene Mulero | Senior Reporter
October 30, 2020
Business, Logistics, Top 100

Daseke Reports Net Income of $15.7M for Q3

Daseke truck on highway

Daseke Inc. reported that its third-quarter bottom line result rebounded to a profit from a loss a year ago.

Connor D. Wolf | Staff Reporter
October 30, 2020
Business, Technology, Safety, Autonomous

Waymo Looks to Calm Doubts About Driverless Cars With Data Release

A Waymo Chrysler Pacifica autonomous vehicle sits parked in Chandler, Ariz., in July 2018.

The voluntary disclosure comes less than a month after Waymo announced that it would begin offering fully driverless service to customers in Arizona and days before an election that could usher in a much tougher regulatory regime.

October 30, 2020
Government, Business

New York Officials Break Ground on Staten Island Expressway Project

Staten Island groundbreaking

New York Gov. Andrew Cuomo recently announced that construction has begun on a project to create a continuous auxiliary lane on a portion of the Staten Island Expressway.

Eleanor Lamb | Staff Reporter
October 30, 2020
Business, Technology, Top 100

USA Truck Posts Strong Net Income During Q3

USA Truck

USA Truck Inc. reported that its third-quarter bottom-line result swung to a profit from a loss in the year-ago period.

Connor D. Wolf | Staff Reporter
October 30, 2020
Business, Fuel

Exxon Warns of $30 Billion Shale Writedown Amid Record Loss

Signage at an Exxon gas station in Houston on Oct. 28.

Exxon Mobil Corp. warned it may take up to $30 billion in writedowns on natural gas fields as crashing energy demand and prices spurred a historic losing streak.

Kevin Crowley | Bloomberg News
October 30, 2020
Government, Business, Technology

Rhode Island Trucking Company Owner Admits to Falsifying ELD Records

Rhode Island sign

The owner of a Rhode Island-based trucking company has admitted to falsifying service records for approximately 20 drivers.

Eleanor Lamb | Staff Reporter
October 30, 2020
Business, Technology, Autonomous

Daimler to Take Stake in Luminar, Diversifying Autonomous Efforts

Austin Russell, founder and CEO of Luminar Technologies, holds a lidar box for a photograph.

Daimler AG’s truck unit is investing in a laser-sensor startup to bolster its development of self-driving trucks in the U.S. less than a week after striking a deal to use driverless technology from a unit of Google parent Alphabet Inc.

Gabrielle Coppola | Bloomberg News
October 30, 2020
Business, Top 50, Top 100

Forward Air Reports Lower Q3 Earnings as Pandemic Pressures Profits

Forward Air

Forward Air Corp. saw net income decease year-over-year in the third quarter, a result of effects driven by the pandemic, the carrier reported Oct. 29.

Connor D. Wolf | Staff Reporter
October 29, 2020
Business, Top 50, Top 100

Hub Group’s Q3 Earnings Lower as Pricing Issues Squeeze Profits

Hub Group reported lower third-quarter earnings as pricing issues hurt its profit margin.

Jerry Hirsch | Contributing Writer
October 29, 2020
Government, Business, Equipment

Defense Sales Brighten Allison Q3 Results

Allison Transmission worker

Allison Transmission Holdings Inc. reported lower net income and revenue in the third quarter as its defense segment contributed higher sales.

Roger Gilroy | Senior Reporter
October 29, 2020

C.H. Robinson Reports Drop in Q3 Earnings

C.H. Robinson

C.H. Robinson Worldwide posted a dip in third-quarter profits as it got squeezed between freight contracts and the cost of shipping the cargo.

Jerry Hirsch | Contributing Writer
October 29, 2020
Business

Transport Topics Radio

Transport Topics Radio

Transport Topics Radio is a weekly news roundtable airing Saturdays on SiriusXM channel 146 from 1-3 p.m. ET and rebroadcast Saturday nights from 11 p.m.-1 a.m. ET, and Sundays from noon-2 p.m. ET and 9-11 p.m. ET. Check out this week's lineup.

October 29, 2020
Government, Business

Pelosi Wants ‘Big’ Health Care, Infrastructure Push in 2021

Nancy Pelosi holds a news conference at the Capitol on Oct. 29.

House Speaker Nancy Pelosi is preparing a 2021 legislative agenda with two “great, big initiatives” — expanding health care access and rebuilding American infrastructure — that are longtime Democratic priorities aligned with Joe Biden’s platform and taking on fresh urgency in the COVID-19 crisis.

Lisa Mascaro | Associated Press
October 29, 2020
Business, Technology, Equipment

September Used Class 8 Sales Flat

Used Trucks

The price of the average used Class 8 sold in September neared $40,000, building on recent gains, and sales were nearly flat compared with a year earlier, ACT Research reported.

Roger Gilroy | Senior Reporter
October 29, 2020
Business, Logistics, Top 50

Echo Global Logistics Posts Higher Q3 Profit, Revenue

Echo Global Logistics office

Echo Global Logistics posted higher third-quarter profits and revenue on the strength of freight volume.

Jerry Hirsch | Contributing Writer
October 29, 2020
Business, Top 100

Saia Reports 26% Net Income Gain in Q3

Saia truck crosses bridge

Saia Inc. posted a strong gain in profit even as revenue grew modestly in the third quarter.

Jerry Hirsch | Contributing Writer
October 29, 2020