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

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, 2023
Business, Private

Sysco 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.

Keiron Greenhalgh | Staff Reporter
October 16, 2023
Government, Business

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.

Dan Ronan | Senior Reporter
October 16, 2023
Business, Technology, Equipment, Fuel

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.

Keiron Greenhalgh | Staff Reporter
October 16, 2023
Business, Equipment

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.

Dan Ronan | Senior Reporter
October 16, 2023
Business, Safety, Fuel

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.

Eugene Mulero | Senior Reporter
October 16, 2023
Government, Business, Equipment, Safety, Fuel, Perspective

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.

Chris Spear | President and CEO, American Trucking Associations
October 16, 2023
Government, Business, Technology, Fuel

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.

Eric Miller | Senior Reporter
October 16, 2023
Government, Business, Private

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, 2023
Government, Business, Safety

Derailment 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