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

Saudi Arabia, Russia Plan to Extend Oil Cut Through Year-End

DUBAI, United Arab Emirates — Saudi Arabia and Russia agreed Sept. 5 to extend their voluntary oil production cuts through the end of this year.

Jon Gambrell | Associated Press
September 5, 2023
Business, Technology

UAW Shows Confrontational Style as Strike Deadline Looms

The demands that a more combative United Auto Workers union has pressed on General Motors, Stellantis and Ford are edging it closer to a strike when its contract ends Sept. 14.

Tom Krisher | Associated Press
September 5, 2023
Business, Technology, Fuel

Chevron Buys Land for Possible New Facility Outside Houston

Chevron Corp. bought a plot of land the size of almost 60 football fields just outside of Houston in preparation for what could become a new research-and-development campus.

Kevin Crowley | Bloomberg News
September 5, 2023
Business, Equipment, For-Hire

Trimac Acquires Two More Carriers, Continues to Shop

Trimac Transportation Ltd. has purchased two North American bulk haulage carriers in the past few weeks, and has plans to accelerate its ongoing buying spree.

Keiron Greenhalgh | Staff Reporter
September 1, 2023
Business, Technology

Recruiting Top Drivers: 3 Tips From NTDC Champ Gragg Wilson

It’s no secret that driver churn is one of the biggest challenges facing the trucking industry. With demand remaining high, qualified drivers always have the opportunity to seek greener pastures — some fleets report annual turnover rates as high as 90%. More than just a scheduling headache, the constant fluctuation can be costly.

September 1, 2023
Business, Logistics

Maximize Email Efficiency Through AI

Traditional freight brokerage operations have been historically inefficient. Manual processes and associated errors are now being overhauled by AI-driven technology that streamline the manual and time-consuming workflows, all while providing next-gen insights that foster data-driven decisions. Download the whitepaper to explore how we’re empowering brokers to maximize efficiency through automation.

September 1, 2023
Business

Access the same insights and support as mega fleets

Join the Mobil Delvac™ Fleet Uptime Program and your small- to mid-sized fleet will gain valuable insights to help you keep your trucks on the road. Learn more about the program and join today.

September 1, 2023
Business, Equipment, Logistics

Comprehensive Guide On In-House Vs Outsourced Maintenance

Deciding between bringing fleet maintenance in-house versus outsourcing is a pivotal one that could significantly affect your operations. We've put together a guide to help you evaluate the pros and cons of each strategy within the context of your business.

September 1, 2023
Government, Business, Technology, Fuel

Think Tank Urges DOT to Begin National VMT Fee Pilot

A Washington think tank is encouraging the federal government to proceed with a legislatively mandated national pilot program to explore the viability of a vehicle-miles-traveled fee.

Eric Miller | Senior Reporter
September 1, 2023
Government, Business, Technology, Safety, Autonomous, TCA

Driverless Trucks Face Regulatory Opposition in California

If California's Assembly Bill 316 becomes law, driverless trucks won’t be able to drive down state highways without a human driver present until at least 2031.

Ricardo Cano | San Francisco Chronicle
September 1, 2023