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

Diesel Falls to Its Lowest Price Since Mid-July

Diesel prices shed nearly another dime in the eighth consecutive weekly decline of the national average, the Energy Information Administration reported Dec. 18.

December 18, 2023
Government, Business, Fuel

Two Carriers Pay Fines for California Pollution Violations

Two interstate companies operating heavy-duty truck fleets in California agreed to legal settlements with the U.S. Environmental Protection Agency.

Noël Fletcher | Staff Reporter
December 18, 2023
Government, Business

Wreath-Laying Holds Multiple Meanings for Georgia Truckers

ARLINGTON, Va. — Husband-and-wife driving team Ron and Lea Eppich of Calhoun, Ga., came to Arlington National Cemetery with a truckload of wreaths on Wreaths Across America Day on Dec. 16. 

Dan Ronan | Senior Reporter
December 18, 2023
Government, Business, Technology, Fuel, Breaking News

Nikola Founder Trevor Milton Sentenced to Four Years

Nikola Corp. founder Trevor Milton was ordered to spend four years behind bars for lying to shareholders about the electric truck maker’s progress.

Chris Dolmetsch | Bloomberg News
December 18, 2023
Government, Business

Biden’s Crackdown on Illegal Mergers Cemented With New Rules

Antitrust agencies have finalized an overhaul of rules the government uses to determine whether deals violate competition law to extend a crackdown on illegal mergers and acquisitions.

Leah Nylen | Bloomberg News
December 18, 2023
Government, Business, Logistics

Southwest Reaches $140 Million Settlement for 2022 Meltdown

Southwest Airlines has come to a $140 million agreement to settle an investigation into a December 2022 incident when the airline canceled thousands of flights over the holidays.

David Koenig | Associated Press
December 18, 2023
Government, Business

Wreaths Across America Salutes Critical Work of Truckers

ARLINGTON, Va. — Wreaths Across America showcased the critical work truck drivers do in support of its mission to honor fallen soldiers during its appreciation dinner Dec. 15.

Connor D. Wolf | Staff Reporter
December 18, 2023
Business, Private

CRH Offers to Buy Australian Adbri in $1.4 Billion Deal

Global building materials firm CRH Plc has offered to purchase Australian concrete maker Adbri Ltd. in a joint takeover proposal with Barro Group, valuing the target business at $1.4 billion.

Richard Henderson | Bloomberg News
December 18, 2023
Government, Business, Technology, Equipment

Congressional Politics Impede 2023 Legislative Agenda

WASHINGTON — In 2023, several high-profile federal policy proposals relevant to trucking were unable to cross the legislative finish line. The culprit: congressional politics.

Eugene Mulero | Senior Reporter
December 18, 2023
Business, Equipment

Hiring Our Heroes Award Goes to Army Vet Brandon Meredith

Army vet Brandon Meredith, a tank truck driver with Slay Transportation, was awarded a silver Kenworth T680 Signature Edition truck as the 2023 winner of the Hiring Our Heroes initiative.

Dan Ronan | Senior Reporter
December 15, 2023