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, Logistics

Yellow Sues Teamsters, Alleging Breach of Contract

Yellow Corp. filed suit June 27 against the Teamsters union and certain affiliates alleging breach of contract and accusing the union of causing more than $137 million in damages.

Keiron Greenhalgh | Staff Reporter
June 27, 2023
Business, Equipment

ELFA Reports $9.5 Billion in New Business in May

A survey of companies in the equipment finance sector saw overall new business volume hit $9.5 billion in May, according to the Equipment Leasing and Finance Association.

Connor D. Wolf | Staff Reporter
June 27, 2023
Business, Fuel

Trans Mountain’s Rising Shipping Costs Draw Oil Producer Ire

Some of the largest oil producers in Canada are objecting to potentially rising costs and fees to ship their crude on the expanded Trans Mountain pipeline.

June 27, 2023
Government, Business

Trucking Interests Say EPA Is Moving Too Fast on GHG Rule

Many of the major players in the trucking industry say they generally are supporters of the goals of the EPA’s Phase 3 proposed rule, but they have concerns that the phase-in is moving too fast.

Eric Miller | Senior Reporter
June 27, 2023
Government, Business, Technology, Fuel

SAE International Plans to Standardize Tesla’s EV Chargers

A key U.S. automotive industry organization says it will set performance standards for Tesla’s electric vehicle charging cords in another move toward using the Tesla plug on all EVs.

Tom Krisher | Associated Press
June 27, 2023
Government, Business, Logistics

FMCSA to Consider Broker-Shipper Transparency

Federal trucking regulators  confirmed they plan to consider a request by the Owner-Operator Independent Drivers Association seeking a rulemaking on broker-shipper pricing transparency.

Eric Miller | Senior Reporter
June 27, 2023
Business, Technology, Equipment, Safety, Logistics, Autonomous

Kodiak to Equip 800 Loadsmith Trucks With Self-Driving Tech

Kodiak Robotics Inc. is set to equip 800 trucks with self-driving technology for Loadsmith, a third-party Capacity-as-a-Service logistics provider, the companies said.

June 27, 2023
Government, Business, Technology, Fuel

Lordstown Motors Files for Bankruptcy Protection

Commercial electric vehicle startup Lordstown Motors Corp. has filed for Chapter 11 bankruptcy protection nearly two months after it warned that it was in danger of failing.

Michelle Chapman | Associated Press
June 27, 2023
Government, Business, Technology

PMTA Sues Pennsylvania Over California Emissions Regulations

The Pennsylvania Motor Truck Association and four trucking company members are suing two commonwealth agencies over adoption of California's heavy-truck emission standards.

Noël Fletcher | Staff Reporter
June 27, 2023
Business, Technology, Equipment, Fuel

Guangzhou Automobile Group Unveils Ammonia-Powered Engine

China’s Guangzhou Automobile Group Co. said it has developed the world’s first car engine that runs on ammonia, adding to new energy solutions that reduce carbon emissions.

Linda Lew | Bloomberg News
June 27, 2023