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.
Ambac Aftermarket Rebrands as Zillion Heavy Duty Parts
Ambac Aftermarket announced it has rebranded as Zillion Heavy Duty Parts, and the Elgin, S.C.-based company said the division plans to become a stand-alone company this year.
San Diego Freight Trains Keep Running Despite Landslide Risk
Freight trains, unlike passenger trains, have resumed running across the tracks beneath a San Clemente, Calif., landslide that continues to threaten San Diego County’s only rail link with the rest of the United States.
Stellantis Chairman Tamps Down Speculation of Merger
Stellantis NV is focused on executing its business plans in key markets including Italy and isn’t considering a plan to merge with other manufacturers, Chairman John Elkann said.
Red Sea Danger Spurring Global Oil Buyers to Go Local
The global oil market is looking increasingly local as militant attacks in the Red Sea and surging freight rates make supplies from closer to home more attractive.
Fleets, Suppliers Work to Curb Fuel Card Skimming
Fuel card skimming is proving to be the most challenging and expensive fraud that carriers are facing.
Update: Truck Manufacturers Form Zero-Emission Partnership
Powering America’s Commercial Transportation (PACT) — launched by Daimler Truck North America, Navistar Inc., and Volvo Group North America — is setting out to educate policymakers, regulators and other stakeholders in Washington and around the nation on the zero-emission infrastructure needs of the trucking industry.
February 3, 2024Diesel Prices Climb After Two Midwest Refineries Go Offline
Diesel prices in the Midwest climbed for a second day after two refineries in the region shut down unexpectedly, stoking fears of a supply crunch.
Tesla Issues Another Wide Recall to Fix Warning Light Size
DETROIT — Tesla is recalling nearly all of the vehicles it has sold in the U.S. because some warning lights on the instrument panel are too small.
Driver Support Is Key to Electric Powertrain Adoption
As a diesel lover, John Baxter expected that driving a Class 8 truck with an electric powertrain to rank between boredom and dreadful. A trip to Gothenburg, Sweden, changed his thinking.
Our Electric Future: You Don’t Have to See It to Believe It
A phrase from a song came to mind when I entered any discussion last year about electric vehicles and the impending infrastructure challenges: “It’s electric!”