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.
USDA Awards $8.8 Million in Grants to Expand Biodiesel Sales
Nearly half of $18.89 million in U.S. Department of Agriculture biofuel grants recently awarded to 22 states will be funneled to projects that increase biodiesel storage, distribution and dispensing.
Pennsylvania Goodwill Promotes CDL Training for Youth
Officials at Goodwill of Southwestern Pennsylvania announced this month they are holding open enrollment for a program aimed at showing young people the benefits of CDL certification.
Idaho Offers New Online Renewals for Commercial Bulk Permits
Idaho is now offering commercial vehicle operators the option of bulk online renewal of annual special permits in an effort to help save time and money.
Wrapped Trailer Designs Help Fleets With Brand Recognition
Some fleets have found a sweet spot to meet the needs of both marketing and transportation with one, seemingly simple, solution: branded trailer designs.
Pennsylvania Diesel Tax Drops 4.4¢, Still Among Highest in US
Pennsylvania truckers are paying slightly less for diesel this year, thanks to lower average wholesale fuel prices last year that led the state to drop the motor fuel tax rate.
Forward Air Reaches Deal With Omni Logistics on Acquisition
Forward Air Corp. and Omni Logistics have settled litigation surrounding a planned merger that allows a deal to proceed under amended terms, the companies announced Jan. 22.
STB Calls for Status Hearing on Gulf Coast Amtrak Project
The U.S. Surface Transportation Board, which oversaw hearings into the possible restart of Gulf Coast rail during 2022, is calling the parties involved in the case for a status hearing.
Daihatsu Sees Long Wait to Resume Business Amid Safety Snafu
TOKYO — Daihatsu Motor Co., a Japanese unit of Toyota Motor Corp. that allegedly cheated on safety tests for decades, said Jan. 22 it doesn’t expect to resume shipping cars any time soon.
Sunoco to Buy NuStar Energy for $7.3 Billion
Sunoco LP, a U.S. gas station owner, agreed to acquire pipeline and fuel storage company NuStar Energy LP for about $7.3 billion in a move to buy up more of a key part of its supply chain.
January 22, 2024ADM Shares Plunge After Accounting Probe Places CFO on Leave
Archer-Daniels-Midland Co. plunged after the U.S. agricultural trading giant suspended its CFO and cut its earnings outlook pending an investigation into its accounting practices.