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.
FedEx Freight’s Rogers Wins Colorado’s Top Prize
Colorado grand champion Tyler Rogers of FedEx Freight is eager to again accept the challenge of competing at the National Truck Driving Championships in the sleeper berth class.
Kroger, Albertsons Unveil Stores to Be Divested Before Trial
Kroger Co. released the full list of stores, distribution centers and plants it plans to divest to secure regulatory approval for the proposed merger with Albertsons Cos.
Foreign Carmakers Outproduce Detroit Brands in US
Foreign-owned manufacturers churned out more vehicles in the U.S. last year than their rivals in Detroit, a first for the market that underscores major shifts in domestic auto production.
Daimler Truck North America Q2 Sales Fall 4.7% Year-on-Year
Daimler Truck North America sold 48,230 vehicles in the second quarter of 2024, a 4.7% decrease compared with 50,618 trucks and buses in the same period in 2023.
Entek Poised to Get $1.2 Billion US Loan
The Biden administration is poised to lend $1.2 billion to Entek Lithium Separators to help expand the U.S. supply chain for lithium-ion batteries used in electric vehicles.
July 9, 2024Diesel Price Rises 5.2¢ to $3.865
The national average diesel price rose 5.2 cents to $3.865 in its fourth consecutive increase, according to Energy Information Administration data released July 8.
July 8, 2024Canadian Border Agency Staff Ratifies Labor Agreement
Unionized Canadian border agency staff members have ratified a tentative collective bargaining agreement.
TSMC Hits $1 Trillion in Market Value on Relentless AI Rally
Taiwan Semiconductor Manufacturing Co. briefly surpassed $1 trillion in market capitalization after Morgan Stanley joined a list of brokers boosting price targets on the chipmaker.
July 8, 2024May Used Truck Sales Rise 18% From 2023
Used Class 8 truck sales in May increased 18.1% compared with the same period the prior year, ACT Research reported, rising to 22,800 units from 19,300.
Devon to Buy Williston Basin Oil Assets in $5 Billion Deal
Devon Energy Corp. agreed to acquire the Williston Basin business of Grayson Mill Energy for $5 billion as consolidation continues in the U.S. oil patch.