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, Equipment, Safety

DOT Panel Examines Maintenance Language in Lease Agreements

A U.S. Department of Transportation leasing task force has begun examining maintenance provisions in lease-purchase agreements.

Eric Miller | Senior Reporter
January 23, 2024
Government, Business, Fuel

USDA Awards $8.8 Million in Grants to Expand Biodiesel Sales

Nearly half of $18.89 million in U.S. Department of Agriculture biofuel grants recently awarded to 22 states will be funneled to projects that increase biodiesel storage, distribution and dispensing.

Noël Fletcher | Staff Reporter
January 22, 2024
Business, Safety, TCA

Pennsylvania Goodwill Promotes CDL Training for Youth

Officials at Goodwill of Southwestern Pennsylvania announced this month they are holding open enrollment for a program aimed at showing young people the benefits of CDL certification.

Patrick Varine | Tribune-Review, Greensburg, Pa.
January 22, 2024
Government, Business

Idaho Offers New Online Renewals for Commercial Bulk Permits

Idaho is now offering commercial vehicle operators the option of bulk online renewal of annual special permits in an effort to help save time and money.

Noël Fletcher | Staff Reporter
January 22, 2024
Business, Equipment

Wrapped Trailer Designs Help Fleets With Brand Recognition

Some fleets have found a sweet spot to meet the needs of both marketing and transportation with one, seemingly simple, solution: branded trailer designs.

Mike Senatore | Features Coordinator
January 22, 2024
Government, Business, Fuel

Pennsylvania Diesel Tax Drops 4.4¢, Still Among Highest in US

Pennsylvania truckers are paying slightly less for diesel this year, thanks to lower average wholesale fuel prices last year that led the state to drop the motor fuel tax rate.

Noël Fletcher | Staff Reporter
January 22, 2024
Business, Logistics, For-Hire

Forward Air Reaches Deal With Omni Logistics on Acquisition

Forward Air Corp. and Omni Logistics have settled litigation surrounding a planned merger that allows a deal to proceed under amended terms, the companies announced Jan. 22.

Connor D. Wolf | Staff Reporter
January 22, 2024
Government, Business, Logistics, Global Freight, TCA

STB Calls for Status Hearing on Gulf Coast Amtrak Project

The U.S. Surface Transportation Board, which oversaw hearings into the possible restart of Gulf Coast rail during 2022, is calling the parties involved in the case for a status hearing.

John Sharp | Alabama Media Group (Birmingham, Ala.)
January 22, 2024
Business, Safety

Daihatsu Sees Long Wait to Resume Business Amid Safety Snafu

TOKYO — Daihatsu Motor Co., a Japanese unit of Toyota Motor Corp. that allegedly cheated on safety tests for decades, said Jan. 22 it doesn’t expect to resume shipping cars any time soon.

Yuri Kageyama | Associated Press
January 22, 2024
Business, Fuel

Sunoco to Buy NuStar Energy for $7.3 Billion

Sunoco LP, a U.S. gas station owner, agreed to acquire pipeline and fuel storage company NuStar Energy LP for about $7.3 billion in a move to buy up more of a key part of its supply chain.

January 22, 2024