Business
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.
Senate Panel Approves FY25 Bill With $965M for FMCSA
A Senate committee on July 25 easily advanced a bill that would ensure funding for the U.S. Department of Transportation in fiscal 2025.
Aurora, Waymo Seek Alternative to Roadside Warning Triangles
Drivers whose trucks are sidelined along a busy highway with service issues have for decades been required to place warning triangles behind the trailer to alert oncoming traffic.
Biden Administration Buys Nearly 5 Million Barrels of Oil
The Biden administration announced July 29 it has purchased 4.65 million barrels of crude oil for the nation’s emergency cache as it continues refilling the depleted reserve.
July 29, 2024Perspective: Make Your Workforce a ‘Human Firewall’
Humans are the greatest asset and vulnerability for logistics companies in today’s cybersecurity landscape. Human error can inadvertently expose organizations to crippling risks.
German Agency OKs Volkswagen’s Plans to Buy Rivian Stake
BERLIN — The German Federal Cartel Office has approved plans by carmaker Volkswagen to buy a stake in U.S. electric car manufacturer Rivian, it said July 29.
Brent Oil Falls Below $80 a Barrel for First Time Since June
Brent crude slumped below $80 a barrel for the first time since June 10, driven by algorithmic trading and signs of poor demand from China, the world’s top oil importer.
Saia Q2 Profit, Revenue Rise on Former Yellow Facilities
Profits and revenues at Saia Inc. jumped in the second quarter of 2024 as the carrier continued to benefit from the collapse of erstwhile less-than-truckload rival Yellow Corp.
Permian to Buy Occidental West Texas Assets for $817.5M
Permian Resources Corp. will buy some of Occidental Petroleum Corp.’s West Texas assets for $817.5 million, it said in a statement.
Traton Q2 Profits Rise 4.4% Despite Navistar’s Mirror Woes
Traton’s profits rose in Q2 2024 as higher prices and South American demand trumped a slump in truck sales for Navistar’s International Trucks brand due to a shortage of mirrors.
Road to NTDC Spotlight: Nate Lewis
For Nate Lewis, the National Truck Driving Championships is an occasion to celebrate his family's trucking legacy. The next chapter will be written in Indianapolis.