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, Technology, Equipment, Safety

Car Safety Systems Less Effective in Detecting Trucks

Better front crash prevention technology in passenger cars could prevent 5,500 rear-end accidents with medium and heavy trucks, according to the Insurance Institute for Highway Safety.

Noël Fletcher | Staff Reporter
January 17, 2024
Business, Fuel

BP Names Murray Auchincloss Permanent CEO

LONDON — British oil giant BP said Jan. 17 its interim chief executive, Murray Auchincloss, will be given the job on a permanent basis to replace Bernard Looney.

Pan Pylas | Associated Press
January 17, 2024
Government, Business, Safety, Fuel, Logistics, Global Freight

Shipping CEOs See No Short-Term End to Red Sea Disruptions

The CEOs of two leading freight carriers said they expect Red Sea threats to disrupt shipping for weeks or months longer.

Sanne Waas | Bloomberg News
January 17, 2024
Business, Safety, Fuel, Logistics

Global LNG Fleet Avoiding Red Sea With More Tankers Diverted

The global LNG tanker fleets appear to have stopped using the Red Sea and Suez Canal, as continued Houthi attacks on ships reroute flows of the power-station and heating fuel.

Stephen Stapczynski | Bloomberg News
January 17, 2024
Business, Equipment

December Medium-Duty Sales Rise 9.1% Year-Over-Year

U.S. retail sales for medium-duty trucks rose 9.1% year-over-year in December while finishing 2023 some 8.4% higher than 2022’s full-year total, according to data from Wards Intelligence.

Keiron Greenhalgh | Staff Reporter
January 16, 2024
Government, Business, Safety, Logistics

US Calls Houthi Shipping Threat an ‘All Hands on Deck’ Issue

The U.S. launched a new strike against the Yemen-based Houthis on Jan. 16, hitting anti-ship missiles in the third assault on the Iranian-backed group in recent days, the U.S. military said.

January 16, 2024
Business, Safety, Logistics

State of Freight Report Says 2024 Will Be an Unremarkable Year

Trucking’s lingering freight recession, combined with a steep decline in spot market rates for carriers over the last 18 months, is tightening capacity, according to FMCSA data and FTR Intel.

Dan Ronan | Senior Reporter
January 16, 2024
Business, Technology, Equipment, Fuel

Truck Maker Xos Bolsters Finances as Deliveries Ramp Up

Classes 5-8 electric truck maker Xos obtained a $48.5 million capital infusion from serial e-mobility investor ElectraMeccanica, the companies said.

Keiron Greenhalgh | Staff Reporter
January 16, 2024
Government, Business, Technology

Murphy: NYC Congestion Pricing Plan Violates Constitution

New Jersey Gov. Phil Murphy is again pushing back on New York’s plan to charge motorists driving into Manhattan’s central business district, saying it violates the U.S. Constitution.

Michelle Kaske | Bloomberg News
January 16, 2024
Government, Business, Private

Washington State Sues to Block Kroger-Albertsons Merger

SEATTLE — Washington state Attorney General Bob Ferguson on Jan. 15 sued to block the proposed merger of Kroger and Albertsons, two of the nation’s largest grocery chains.

January 16, 2024