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, TCA

Port of Savannah Seeks to Deepen Shipping Lane Again

SAVANNAH, Ga. — Just 18 months after crews finished the $1 billion dredging of the Savannah River channel, the Georgia Ports Authority wants to study deepening the shipping lane again.

Adam Van Brimmer | The Atlanta Journal-Constitution
October 11, 2023
Business, Equipment

Navistar Relaunches Financial Services Retail Capabilities

Truck maker Navistar announced Oct. 4 that its financial services business is reintroducing retail capabilities to serve truck and bus customers.

Connor D. Wolf | Staff Reporter
October 11, 2023
Government, Business

ATRI Top Issues, Spear State of the Industry Lead MCE Agenda

American Trucking Associations’ annual Management Conference & Exhibition in Austin will showcase insight, perspective and analysis meant to boost understanding about the industry.

Eugene Mulero | Senior Reporter
October 11, 2023
Business, Technology, Equipment, Fuel

Shell Starship 3.0 Demo Runs Produce Lower Emissions

Shell announced the results from demonstration runs of its Shell Starship 3.0 truck that included a reduction of energy usage and carbon emissions.

Michael Freeze | Features Editor
October 11, 2023
Business, Technology, Equipment

China’s CATL, BYD Dominate EV Battery Market

Chinese companies are expanding their share of the U.S. and European electric car battery markets thanks to lower prices, cementing their domination of the industry globally.

Heejin Kim | Bloomberg News
October 11, 2023
Government, Business, Equipment, Safety

Truck Drivers Who Fail Drug Tests: Where Are They Going?

FMCSA's  Drug and Alcohol Clearinghouse is taking drivers caught using drugs off the roads. However, several thousand remain in prohibited driving status after failing their drug tests.

Eric Miller | Senior Reporter
October 11, 2023
Business, Fuel

Exxon Mobil to Purchase Pioneer Natural for $59.5 Billion

Exxon Mobil is buying Pioneer Natural Resources in an all-stock deal valued at $59.5 billion, its largest buyout since acquiring Mobil two decades ago, creating a colossal fracking operator in West Texas.

Michelle Chapman | Associated Press
October 11, 2023
Government, Business, Fuel

Diesel Price Drops 9.5¢ to $4.498 a Gallon

The national average diesel price swung back down after last week’s mild uptick, shedding 9.5 cents to reach $4.498 a gallon, according to Energy Information Administration data Oct. 9.

Connor D. Wolf | Staff Reporter
October 10, 2023
Business, Equipment

Canadian Auto Workers End Strike After Tentative Deal With GM

TORONTO — General Motors and the union representing Canadian auto workers reached a tentative contract agreement Oct. 10, ending a strike that began just after midnight.

October 10, 2023
Government, Business, Logistics

Canada Invests $150 Million in Container Terminal in Quebec

Canada will invest up to $150 million to build a new container terminal for the Montreal Port Authority in Contrecoeur, Quebec, to increase national supply chain capacity.

Noël Fletcher | Staff Reporter
October 10, 2023