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.

Business, Fuel, Logistics, For-Hire

Penske Forms EV Infrastructure Advisory JV With Mitsui Unit

LAS VEGAS — Penske Transportation Solutions and ForeFront Power are teaming up for an electric vehicle infrastructure advisory joint venture to be known as Penske Energy, the partners said May 21.

Keiron Greenhalgh | Staff Reporter
May 28, 2024
Business, Technology, Equipment, Safety

Clarience Tech and ZF Forge Data-Sharing Alliance

Clarience Technologies and ZF launched a strategic alliance to share telematics data to improve the performance of fleet customers, the company announced May 20.

Connor D. Wolf | Staff Reporter
May 28, 2024
Government, Business, Fuel

Energy Transfer to Buy Permian Operator WTG for $3.3 Billion

U.S. pipeline giant Energy Transfer LP has reached a deal to buy WTG Midstream through a deal valued at about $3.25 billion.

May 28, 2024
Business, Logistics, Global Freight

Trade Strains Boost Ocean Shipping Cargo Rates

Global goods trade is showing signs of accelerating after last year’s slump, pushing up shipping rates and giving some supply chain managers flashbacks to the demand spike three years ago.

Brendan Murray | Bloomberg News
May 28, 2024
Business, Technology

Toyota Shows ‘Engine Reborn’ With Green Fuel

Toyota announced that it would offer lean compact engines that also run on so-called green fuels like hydrogen and bioethanol, or get paired with zero-emission electric motors in hybrids.

Yuri Kageyama | Associated Press
May 28, 2024
Government, Business, Technology

Administration to Offer Carbon Credits for Scope 3 Emissions

The Biden administration is unveiling a framework for using carbon offsets to drive climate progress.

May 28, 2024
Business, Logistics, Breaking News

ATA Reports More Tonnage Declines for April

Truck tonnage continued to experience year-over-year declines in April, American Trucking Associations reported May 21.

Connor D. Wolf | Staff Reporter
May 24, 2024
Business, Technology, Equipment, Fuel

ZM to Bring Zero-Emission Work Trucks to North America

LAS VEGAS — ZM Trucks outlined its plans to enter the North American commercial vehicle market with a portfolio of battery-electric and hydrogen fuel cell electric trucks.

Seth Clevenger | Managing Editor, Features and Multimedia
May 24, 2024
Business, Technology, Fuel

Pilot’s Wright: Companies Must Lead Sustainability Movement

LAS VEGAS — To provide a better understanding of the drive for innovation of alternative fuels and electrification, Pilot CEO Adam Wright told a story of his family vacation at a water park.

Michael Freeze | Features Editor
May 24, 2024
Government, Business, Equipment, Safety

Roadside Inspection Station Opens on Long Island Expressway

Truckers driving in New York on Interstate 495 along the Long Island Expressway will encounter a new commercial vehicle roadside inspection station in Suffolk County that opened in May.

Noël Fletcher | Staff Reporter
May 24, 2024