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, Technology, Equipment

February Used Class 8 Sales Down 20% Year-Over-Year

Used Class 8 truck sales in February decreased 19.6% year-over-year to 17,600 units from 21,900 units, ACT Research reported.

Connor D. Wolf | Staff Reporter
March 30, 2023
Business, Technology, Equipment, Fuel, TCA

How a Georgia Plant Helps Solve a Huge EV Supply Chain Kink

COVINGTON, Ga. — Ascend Elements takes spent lithium-ion batteries and scrap from EV battery makers and grinds them to dust, salvaging minerals for reuse in new EV power sources.

Zachary Hansen | The Atlanta Journal-Constitution
March 30, 2023
Government, Business, Safety

Congressional Policymakers Introduce Truck Parking Bill

Legislation designed to expand access to parking for truck drivers around the country was recently introduced on Capitol Hill.

Eugene Mulero | Senior Reporter
March 30, 2023
Government, Business, Safety, Fuel

House GOP OKs Broad Bill to ‘Unleash’ American Energy

WASHINGTON — House Republicans on March 30 approved a sprawling energy package that seeks to undo virtually all of President Joe Biden’s agenda to address climate change.

Matthew Daly | Associated Press
March 30, 2023
Government, Business, Equipment, Logistics

Port Leaders Look to Future

WASHINGTON — White House Supply Chain Envoy Stephen Lyons told attendees at the AAPA Legislative Summit that the nation’s transportation system was severely tested during recent years.

Dan Ronan | Senior Reporter
March 30, 2023
Government, Business

US Revises Down Last Quarter’s Economic Growth to 2.6% Rate

WASHINGTON — The U.S. economy maintained its resilience from October through December despite rising interest rates, growing at a 2.6% annual pace. 

Paul Wiseman | Associated Press
March 30, 2023
Government, Business, Fuel

The World’s Most Important Oil Price Is About to Change

The world’s most important oil price is about to be transformed, allowing crude supplies from West Texas to help determine the price of millions of barrels a day of petroleum transactions.

March 30, 2023
Government, Business, Safety, Fuel, Logistics

BNSF Train Derailment in Minnesota Prompts Evacuations

A train hauling ethanol and corn syrup derailed and caught fire in Minnesota early March 30, and nearby residents were ordered to evacuate their homes, authorities said.

March 30, 2023
Government, Business, Technology, Equipment, Fuel

How Government Incentives Drive Electric Truck Adoption

President Joe Biden has made proliferation of electric vehicles a focus of his administration, with the commercial transportation industry playing a key role.

Connor D. Wolf | Staff Reporter
March 29, 2023
Government, Business

DOT Focuses on Strategic Investments in Supply Chain

WASHINGTON — Department of Transportation leaders want to make strategic federal investments in infrastructure projects to increase supply chain resiliency and enhance the economy.

Noël Fletcher | Staff Reporter
March 29, 2023