Trucking Business News

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.

Government, Business

Trump Gets Tentative Win From CBO Tax and Tariff Estimates

The CBO handed Republicans a major political talking point, with projections showing the possibility for tariffs to bring in more federal revenue than would be lost by Trump's tax cut plan.

June 4, 2025
Government, Business

Canada Prime Minister Carney Holds Back on Tariff Retaliation

Prime Minister Mark Carney said Canada and the U.S. are in “intensive” talks about the countries’ relationship, explaining his decision not to respond yet to doubled steel and aluminum tariffs.

June 4, 2025
Government, Business, Equipment, Logistics, For-Hire

Fleet Margins Set to Shrink Again in 2025, CSCMP Finds

Tariffs introduced by the Trump administration, and the consequent aversion to risk, are a major reason why there is no clear trajectory for recovery, the study’s authors warned.

June 4, 2025
Business

Everything Is Awesome (in Virginia): Lego to Build $366M Hub

Virginia has landed a $366 million deal with The Lego Group to build a 2 million-square-foot warehouse and distribution center near Richmond to deliver the Danish company’s famous building-block toys throughout the region.   

June 4, 2025
Government, Business, Equipment

Daimler Truck Financial Services Selects North Carolina HQ

The financial lender for Daimler Truck North America will establish its headquarters in North Carolina with a $7.8 million investment that will add 276 jobs in Charlotte.

June 4, 2025
Government, Business

Mexico Will Ask US Government for Steel Tariff Exemption

Mexico will ask President Donald Trump’s administration on June 6 to be exempted from an increase in steel tariffs to 50%, the country’s economy minister said.

June 4, 2025
Government, Business, Safety

Senate Panel Advances Moving Industry Freight Fraud Bill

Bipartisan legislation seeking to enhance consumer protections in the moving industry was recently approved by a Senate committee.

June 4, 2025
Government, Business

UK Gets Reprieve on Steel Tariff

The U.K.has a new five-week deadline to finalize its trade agreement with the U.S. after President Donald Trump spared the country’s steel and aluminum exports from a doubling of tariffs.

June 4, 2025
Government, Business

Hiring Cools to Slowest Pace in Two Years, ADP Data Shows

Hiring decelerated to the slowest pace in two years as sectors including transportation shed jobs, pointing to a weakened demand for workers.

June 4, 2025
Government, Business

Trump: China’s Xi Is ‘Extremely Hard to Make a Deal With’

President Donald Trump said in a late-night social media post that Chinese leader Xi Jinping was very tough to make a deal with, raising questions about whether a fragile economic truce will hold.

June 4, 2025