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.

BusinessAutonomous

EVs Lost at Sea in Fiery Ship Disaster

A ship that caught fire in the Pacific Ocean earlier this month has sunk. The vessel was abandoned in the middle of the pacific — about 360 miles from land — after a blaze. It was carrying about 3,000 vehicles of which about 800 were EVs.   

June 30, 2025
GovernmentBusinessTechnologyLogisticsPrivateGlobal Freight

UK Stands by Digital Tax After Canada Bows to Trump Pressure

The U.K. is planning to keep its digital services tax, after Prime Minister Mark Carney scrapped Canada’s levy to restart trade talks with President Donald Trump’s administration.

June 30, 2025
BusinessEquipmentFor-Hire

Watsontown Trucking Buys Milton Transportation

The purchase of Milton Transportation and BTR will add 40 trucks, 300 trailers, two maintenance facilities and a body and alignment shop to the Watsontown Trucking portfolio.

June 30, 2025
GovernmentBusiness

Trump Deals Poised to Fall Short of Sweeping Trade Reforms

With just 10 days to go until U.S. country-specific tariffs are set to resume, the White House appears poised to fall short of the sweeping global trade reforms it promised to achieve.

June 30, 2025
GovernmentBusinessEquipment

Lower UK-US Car Tariffs Take Effect

U.K. car manufacturers can export to the U.S. under a 10% tariff starting June 30, a reduction from the 25% rate imposed by President Donald Trump on other countries.

June 30, 2025
GovernmentBusinessTechnologyLogisticsPrivateGlobal Freight

Canada Rescinds Technology Tax on US

Canadian Prime Minister Mark Carney said late June 29 that trade talks with U.S. have resumed after Canada rescinded its plan to tax U.S. technology firms.

June 30, 2025
GovernmentBusiness

Trump Says He Won’t Extend Pause on Tariffs Beyond July 9

President Donald Trump says he is not planning to extend a 90-day pause on tariffs on most nations beyond July 9, when the negotiating period he set would expire.

June 30, 2025
BusinessPrivate

ºÚÁϳԹÏÍø Depot to Buy GMS at $4.3 Billion Value

ºÚÁϳԹÏÍø Depot has agreed to acquire specialty building products distributor GMS for $4.3 billion, its latest effort to grab more spending from professional contractors.

June 30, 2025
BusinessTechnologyEquipmentSafetyAutonomous

Musk Says First Tesla Drove Itself From Factory to Customer

Tesla CEO Elon Musk said a Tesla Model Y SUV drove itself from the company’s factory near Austin, Texas, to a customer’s home in the company’s latest move to showcase its push into autonomous driving.

June 27, 2025
BusinessTechnologyLogisticsGlobal FreightTop 100

NMFTA LTL Freight Code Update Spurs C.H. Robinson AI Tool

C.H. Robinson has rolled out a generative AI agent to automate freight classification as the National Motor Freight Classification system prepares for major changes effective July 19.

June 27, 2025