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.
Diesel Price Falls 5.4¢ to $4.444 a Gallon
The national average diesel price dropped by 5.4 cents a gallon over the past week to reach $4.444 a gallon, according to data released Oct. 16 by the Energy Information Administration.
October 16, 2023Sysco to Buy Food Service Distributor Edward Don & Co.
Sysco Corp. is to buy Chicago-based food service equipment and supplies distributor Edward Don & Co. for an undisclosed sum, the S&P 500 member said.
Alix Miller Presented TAEC President’s Leadership Award
AUSTIN, Texas — Florida Trucking Association President Alix Miller was among those honored for their contributions to the industry at ATA's Management Conference & Exhibition on Oct. 15.
Hyliion Reviewing Electric Powertrain Business Options
Hyliion Holdings Corp. is reviewing options for its electric powertrain business, including selling it, the original equipment manufacturer said, citing a need to raise funds as costs rise.
ATA Adds Fourth ‘Image’ Truck to Fleet
AUSTIN, Texas — American Trucking Associations has unveiled a fourth “image” truck in a fleet that travels the country to represent the industry.
Expert Shares Tips for Fuel Fraud Protection
AUSTIN, Texas — A strategy for tackling fuel fraud across the industry is to identify what is causing it and adopting a plan for stopping it, a freight expert said.
Perspective: Without Trucking, There Is Nothing
Last month, ATA reached its 90th year. For nine decades, ATA and its 50 state trucking associations have been the leading voice for our industry in Washington and every state Capitol.
Hydrogen or Electric Batteries? There's No Clear Answer
AUSTIN, Texas — Transportation experts agree that there is no single answer for which alternative power source is best to carry the trucking industry to a zero-emission future.
Rite Aid Files for Bankruptcy
PHILADELPHIA — Rite Aid said Oct. 16 that it has filed for bankruptcy and obtained $3.45 billion in fresh financing as it carries out a restructuring plan.
October 16, 2023Derailment Spills Train Cars, Coal Onto Colorado Highway
PUEBLO, Colo. — A semi-trailer truck driver was killed when a train derailed and a bridge collapsed, spewing coal and mangled train cars across a highway near Pueblo, Colo., on Oct. 15, authorities said.
October 16, 2023