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.

GovernmentBusiness

Trucking Industry Praises Trump's Big Beautiful Bill

Dozens of freight and trucking stakeholders praised the recently enacted comprehensive tax and budget measure referred to as the One Big, Beautiful Bill.

July 9, 2025
BusinessEquipmentLogisticsFor-Hire

NMFTA Readies Density-Based Freight Class Update for July 19

The National Motor Freight Traffic Association is moving toward a density-based freight classification system in a major update that is set to go into effect July 19.

July 9, 2025
GovernmentBusinessTechnologyAutonomousTCA

Cruise Cuts 101 Employees as GM Winds Down Robotaxi Program

Cruise, the embattled self-driving car subsidiary of GM, has laid off 101 more employees across the Bay Area, marking the latest round of job cuts as the company scales back its robotaxi efforts.

July 9, 2025
BusinessTechnology

AI in Fleet Management: Unlocking Insights from Fleet Data

Since its public release in 2022, generative AI has been transforming business operations across all sectors. The trucking industry, which generates unprecedented volumes of data from vehicles, engines, telematics devices and more, is uniquely positioned to benefit from this surge.

July 9, 2025
GovernmentBusiness

Trumps Trade Blitz Yields Few Deals but Lots of Uncertainty

President Donald Trump's lightning round of global trade negotiations with dozens of countries has yielded two deals, with the U.K. and Vietnam, and a framework for a deal with China.

July 9, 2025
BusinessEquipment

Kenworth, Peterbilt Maker Cuts 175 Jobs in Quebec, Union Says

Truck maker Paccar, parent company of Kenworth and Peterbilt, will lay off 175 employees in its Sainte-Therese, Quebec, plant over weakening demand, according to local union Unifor.

July 9, 2025
BusinessTechnologyEquipmentFuel

Rivian-Backed Also Hits Unicorn Status With $200M Raise

A Rivian-backed startup developing small electric vehicles was valued at $1 billion in a new investment from Greenoaks Capital, according to people familiar with the matter.

July 8, 2025
GovernmentBusinessEquipmentFuelLogistics

EIA Trims Forecast for 2025 US Crude Oil Output

The latest production forecast for this year represents a drop of about 50,000 barrels a day from the Energy Information Administrations previous projections in June.

July 8, 2025
GovernmentBusinessTechnologyLogisticsGlobal FreightTop 100

Amazon's Seller Pricing Limits Face Canadian Review

Canadas competition watchdog secured a court order to help its investigation into whether Amazon is abusing its dominant retail position in the market.

July 8, 2025
GovernmentBusiness

Trump Says Powell Should Resign if He Misled Congress

Then he should resign immediately, Trump said when asked about the allegations that Powell mischaracterized details about renovations at the Feds headquarters.

July 8, 2025