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

Colonial Pipeline Weighs Bids for Potential $10B Sale

The Alpharetta, Ga.-based company is working with advisers as it seeks to gauge interest from potential buyers, according to sources who asked not to be named.

David Carnevali | Bloomberg News
October 29, 2024
Business, Technology, Equipment, Safety, Autonomous

Torc Validates Fully Driverless Truck on Test Track

Since May, the independent subsidiary of Daimler Truck has been conducting fully driverless truck tests on a multi-lane test track in Texas, the company revealed Oct. 29.

Seth Clevenger | Managing Editor, Features and Multimedia
October 29, 2024
Government, Business, Logistics

US Grants $2.4B for Rail Infrastructure Upgrades

Most of the money will go to track and bridge upgrades. Some will be used to bolster training and explore cleaner-burning alternatives to the diesel the rail industry has long relied on.

Josh Funk | Associated Press
October 29, 2024
Government, Business, Logistics

New Indiana-Ireland Pact Seeks Direct Container Service

A business pact to form a container service between Indiana and Ireland was signed recently by officials from the Ports of Indiana and Port of Cork.

Noël Fletcher | Staff Reporter
October 29, 2024
Government, Business, Equipment, Logistics

New Arizona-Mexico Commercial Port Gets $275M Contract

The U.S. General Services Administration awarded a $275 million contract to create a large commercial border crossing in Arizona to facilitate bilateral trade with copper mines in Mexico.

Noël Fletcher | Staff Reporter
October 29, 2024
Business, Equipment

Holt Truck Centers Expands With Kyrish Acquisition

Following the deal, Holt Truck Centers will have 35 locations, which the parent company said would make it the third-largest International Motors dealership in the U.S.

Keiron Greenhalgh | Staff Reporter
October 29, 2024
Government, Business, Fuel

Soybean Demand Drops as US Biofuel Tax Credit Stalls

Agriculture giants including Cargill Inc. and Bunge Global SA are slowing their buying of soybeans because of uncertainty over U.S. biofuels policy.

October 29, 2024
Government, Business, Technology, Equipment, TCA

Trucking Firms Call on Hochul to Delay New York’s EV Rule

COHOES, N.Y. — Trucking industry executives and others asked Gov. Kathy Hochul to pump the brakes on state regulations that mandate sales of electric trucks in New York starting in January.

Larry Rulison | Times Union, Albany, N.Y.
October 29, 2024
Government, Business, Technology, Autonomous, TCA

PennDOT Approves Rules for Self-Driving Vehicles in State

There are now rules of the road for self-driving vehicles in Pennsylvania.

Bob Kalinowski | The Citizens' Voice, Wilkes-Barre, Pa.
October 29, 2024
Business, Logistics, For-Hire, Top 100

Covenant's Q3 Net Income and Revenue Take Slight Dips

The company reported third-quarter net income of $13 million, or 94 cents per share, compared with $13.5 million, 99 cents, in the year-ago period.

October 29, 2024