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.
Trucking Charity Donates to Urban Disaster Response Team
The Trucking Cares Foundation donated $25,000 to Virginia Task Force 1, a leading disaster response team, American Trucking Associations’ charitable arm said June 2.
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GM to Devote $1 Billion to Michigan Heavy-Duty Truck Plants
FLINT, Mich. — General Motors Co. will invest more than $1 billion in two of its plants to prepare for production of next-generation heavy-duty trucks, the Detroit automaker announced.
Mississippi Welcomes Warehouse, Transport Hub
Gov. Tate Reeves has welcomed a $64 million venture between a Mississippi-based trucking company and a cold-storage logistics firm to build a warehouse and transportation hub.
ATRI Assesses Impact of Marijuana Use on Trucking
More than 100,000 truck drivers have been removed from the industry in the past three years due to positive marijuana tests, and most have not returned, an ATRI study shows.
Dozens of Dangerous Rail Crossings Will Be Eliminated
The Federal Railroad Administration has awarded more than $570 million in Railroad Crossing Elimination Grant Program funding to 32 states to improve safety.
2023 State Championships
Images from 2023 state truck driving championships across the county as truck drivers qualify for the 2023 National Truck Driving and Step Van Driving Championships in Columbus, Ohio.June 2, 2023
Walmart Announces Sustainability Initiatives
Walmart announced June 1 it will take steps to reduce the amount of plastic and cardboard it puts in the waste stream from online orders and reduce vehicle emissions from delivery of packages.
GM, Stellantis Fined for Missing Fuel Efficiency Targets
General Motors Co. and Stellantis NV paid a combined $363 million in civil penalties for failing to meet U.S. fuel efficiency standards, according to filings with federal regulators.
Trucking Fleet IMC Names Joel Henry Its First CEO
Joel Henry is set to become the first CEO of marine drayage firm IMC Cos., the company announced May 30.June 2, 2023
Tesla, Battery Partner Get $1.8 Billion From Biden’s IRA
Elon Musk is getting more firepower for his electric vehicle price war thanks to President Joe Biden’s signature climate legislation.