Business

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, Fuel

Canada, Colorado Form Hydrogen Development Partnership

Colorado Gov. Jared Polis and Alberta province’s premier, Danielle Smith, signed a memorandum of understanding to help the state reach its 100% carbon-free emissions goal by 2040.

Noël Fletcher | Staff Reporter
February 5, 2024
Business, Equipment, Fuel

Ambac Aftermarket Rebrands as Zillion Heavy Duty Parts

Ambac Aftermarket announced it has rebranded as Zillion Heavy Duty Parts, and the Elgin, S.C.-based company said the division plans to become a stand-alone company this year.

Dan Ronan | Senior Reporter
February 5, 2024
Government, Business, Safety, Logistics, TCA

San Diego Freight Trains Keep Running Despite Landslide Risk

Freight trains, unlike passenger trains, have resumed running across the tracks beneath a San Clemente, Calif., landslide that continues to threaten San Diego County’s only rail link with the rest of the United States.

Phil Diehl | The San Diego Union-Tribune
February 5, 2024
Business, Technology

Stellantis Chairman Tamps Down Speculation of Merger

Stellantis NV is focused on executing its business plans in key markets including Italy and isn’t considering a plan to merge with other manufacturers, Chairman John Elkann said.

February 5, 2024
Government, Business, Safety, Fuel

Red Sea Danger Spurring Global Oil Buyers to Go Local

The global oil market is looking increasingly local as militant attacks in the Red Sea and surging freight rates make supplies from closer to home more attractive.

Sharon Cho | Bloomberg News
February 5, 2024
Business, Technology, Safety, Fuel, For-Hire

Fleets, Suppliers Work to Curb Fuel Card Skimming

Fuel card skimming is proving to be the most challenging and expensive fraud that carriers are facing.

Dan Calabrese | Special to Transport Topics
February 5, 2024
Business

Update: Truck Manufacturers Form Zero-Emission Partnership

Powering America’s Commercial Transportation (PACT) — launched by Daimler Truck North America, Navistar Inc., and Volvo Group North America — is setting out to educate policymakers, regulators and other stakeholders in Washington and around the nation on the zero-emission infrastructure needs of the trucking industry. 

February 3, 2024
Business, Fuel

Diesel Prices Climb After Two Midwest Refineries Go Offline

Diesel prices in the Midwest climbed for a second day after two refineries in the region shut down unexpectedly, stoking fears of a supply crunch.

February 2, 2024
Government, Business, Technology, Safety, Autonomous

Tesla Issues Another Wide Recall to Fix Warning Light Size

DETROIT — Tesla is recalling nearly all of the vehicles it has sold in the U.S. because some warning lights on the instrument panel are too small.

Tom Krisher | Associated Press
February 2, 2024
Business, Equipment, Fuel

Driver Support Is Key to Electric Powertrain Adoption

As a diesel lover, John Baxter expected that driving a Class 8 truck with an electric powertrain to rank between boredom and dreadful. A trip to Gothenburg, Sweden, changed his thinking.

John Baxter | Special to Transport Topics
February 2, 2024