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.

Business, Fuel, Logistics

Deep Freeze Forces US LNG Exporters to Cancel, Delay Cargoes

The recent freeze across Texas and Louisiana disrupted scheduled exports of U.S. liquefied natural gas, temporarily tightening some supply of the heating and power-plant fuel.

January 18, 2024
Business, Equipment

Goodyear Names Stellantis’ Mark Stewart as CEO

Goodyear Tire & Rubber Co. named Stellantis NV executive Mark Stewart as CEO following a pressure campaign by shareholder activist Elliott Investment Management.

January 18, 2024
Government, Business, Safety, Fuel, Logistics

States Waive HOS for Fuel Deliveries Amid Severe Weather

Governors from several states have issued emergency proclamations waiving federal hours-of-service requirements for truckers carrying fuel, to prevent shortages in extreme weather.

Noël Fletcher | Staff Reporter
January 18, 2024
Business, Logistics

Court Approves Sale of 23 Yellow Leased Terminals

The U.S. Bankruptcy Court for the District of Delaware approved the sale of 23 terminal leases owned by Yellow Corp. to six bidders for an aggregate price of $82.89 million, documents show.

Keiron Greenhalgh | Staff Reporter
January 17, 2024
Business, Logistics, Global Freight, TCA

Maersk, Hapag-Lloyd to Operate Some Ships as Joint Fleet

Global shipping giants Hapag-Lloyd and Maersk have struck a partnership deal to operate some of their ships as a joint fleet in the future, the companies announced Jan. 17.

dpa | Hamburg, Germany
January 17, 2024
Business, Equipment

Allison Transmission Employees Ratify Four-Year Labor Deal

Around 1,500 unionized employees at Allison Transmission Holdings on Jan. 16 ratified a revised four-year labor agreement, the United Auto Workers union Local 933 said Jan. 17.

Keiron Greenhalgh | Staff Reporter
January 17, 2024
Business, Fuel, TCA

Haslam Family Sells Last 20% of Pilot to Berkshire Hathaway

Warren Buffett’s Berkshire Hathaway has officially bought the last 20% of Pilot Travel Centers that it didn’t already own from the Haslam family.

Sean McDonnell | cleveland.com
January 17, 2024
Business, Technology, Equipment

Schaeffler Pushes Toward Class 8 With Electric Drivetrain

LAS VEGAS — Component maker Schaeffler is developing an electric axle, motor and battery drivetrain package for North American commercial vehicles, up to and including Class 8 trucks.

Keiron Greenhalgh | Staff Reporter
January 17, 2024
Government, Business, Equipment

Court Rejects VW’s Plan to Fix Engines With Software Update

Volkswagen AG lost another lawsuit in a German court over its software fix for engines in the wake of the diesel scandal that tarnished the reputation of Europe’s biggest carmaker.

Karin Matussek | Bloomberg News
January 17, 2024
Government, Business, Technology, Equipment, Safety

FMCSA Weighs Carrier Fitness Determination Rewrite

The Federal Motor Carrier Safety Administration is reviewing six research papers as it weighs revision of its motor carrier safety fitness determination rules, the agency said.

Eric Miller | Senior Reporter
January 17, 2024