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 Drops 4.7¢ to $4.586 a Gallon

The national average diesel price paused from its recent surge, falling back 4.7 cents to settle at $4.586 a gallon, according to Energy Information Administration data released Sept. 25.

Keiron Greenhalgh | Staff Reporter
September 25, 2023
Business, Technology, Equipment, Logistics, Autonomous

Freight Brokers Adjust as Market Power Swings to Shippers

Throughout the pandemic-influenced years of 2020 through 2022, third-party logistics providers and freight brokers assuaged shippers by simply locating a truck for their freight.

Gary Frantz | Special to Transport Topics
September 25, 2023
Government, Business, Safety, Logistics

$1.4 Billion Committed to Rail Safety, Supply Chain Boost

WASHINGTON — The Biden administration announced Sept. 25 that it has awarded more than $1.4 billion to projects that improve railway safety and boost capacity.

September 25, 2023
Government, Business

GM Next After Canadian Autoworkers OK Deal With Ford

DETROIT — Canadian auto workers say General Motors will be their next target after members ratified a new three-year labor contract with Ford.

September 25, 2023
Government, Business

Buttigieg Says Both UAW, Big Three Automakers Can Win

The United Auto Workers and Detroit’s Big Three can all notch wins in contract negotiations, with workers securing strong raises while the carmakers keep thriving, Pete Buttigieg said.

Victoria Cavaliere | Bloomberg News
September 25, 2023
Business, Technology, Equipment, Fuel

Run on Less Event Sees Big Improvements, Pleasant Surprises

The North American Council for Freight Efficiency’s latest Run on Less program is largely producing pleasant surprises so far, including Tesla Semi performance.

Keiron Greenhalgh | Staff Reporter
September 22, 2023
Business, Equipment

Daimler Truck Financial Services Plans European Expansion

Daimler Truck Financial Services is expanding into new markets to strengthen its operational presence in central-eastern Europe, the company announced Sept. 22.

September 22, 2023
Government, Business, Technology, Private

FTC Poised to Sue Amazon for Antitrust Violations

The Federal Trade Commission is expected to sue Amazon for antitrust violations next week, according to people familiar with the matter — the agency’s fourth swipe at the retail giant in 2023.

Leah Nylen | Bloomberg News
September 22, 2023
Business, Equipment

UAW Strikes Spread to 38 Locations in 20 States

The president of the United Auto Workers said Sept. 22 the union will expand its strike against major automakers by walking out of 38 General Motors and Stellantis plants in 20 states.

David Koenig | Associated Press
September 22, 2023
Business, Technology, Equipment, Fuel

Volvo Energy Developing Second-Life Plans for Truck Batteries

GOTHENBURG, Sweden — Executives from Volvo Energy said they are developing long-term life cycle plans for batteries used in their electric trucks, with an emphasis on energy storage.

September 22, 2023