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, Technology, Equipment, Fuel

Why Nearly Empty Auto Lots Make This Pump-Price Shock Different

Gasoline soaring above $4 a gallon this month has inspired comparisons to 2008, when pump prices sapped demand for fuel-guzzling SUVs and helped push Detroit’s automotive behemoths into bankruptcy.

Gabrielle Coppola | Bloomberg News
March 11, 2022
Government, Business, Technology, Fuel

Oil Traders Jump Into Action as Europe Screams for Diesel Supply

Traders are snapping up ships to haul millions of barrels of diesel westward from Asia and the Middle East as oil supply chains react to Russia’s invasion of Ukraine.

March 11, 2022
Business, Equipment

Class 8 Orders Remain Flat in February

Preliminary North American Class 8 orders in February came in at 21,000, or essentially even with January’s volume but less than half of what buyers ordered a year earlier, ACT Research reported, citing truck makers’ initial data.

Roger Gilroy | Senior Reporter
March 11, 2022
Government, Business, Fuel

ATA Urges Biden to Increase Oil, Natural Gas Production

American Trucking Associations, in a letter sent to the White House, is urging the Biden administration to expand domestic oil and natural gas production.

Eugene Mulero | Senior Reporter
March 10, 2022
Business, Technology, Equipment, Safety

Alcoa Unveils Lighter Wheels, Covers

ORLANDO, Fla. — Alcoa Wheels introduced a new set of products designed to enhance performance and efficiency across the industry.

Eugene Mulero | Senior Reporter
March 10, 2022
Government, Business, Fuel

New Jersey Drivers Still Don’t Want to Pump Their Own Gas

Last week, for what seemed like the zillionth time, lawmakers introduced a bill to end New Jersey’s status as the only state that prohibits motorists statewide from filling their own tanks. A Rutgers-Eagleton poll found that 73% of residents prefer to have an attendant do it for them, while 22% said otherwise.

Elise Young | Bloomberg News
March 10, 2022
Business, Technology

Pilot Flying J Plans $1 Billion Expansion, Renovation

Pilot Flying J announced March 9 that it plans to spend $1 billion to remodel nearly 500 of its oldest travel centers across the country.

Dan Ronan | Senior Reporter
March 10, 2022
Business, Technology, Equipment

Industry Experts Tell Fleet Managers to Be Proactive With Electrification

ORLANDO, Fla. — When implementing a charging station for a commercial fleet, managers should heed the simple phrase, “plan early.”

Michael Freeze | Features Editor
March 10, 2022
Business, Technology, Equipment

Clarience Partners With Wabash, Meritor on Connected Truck, Trailer Applications

ORLANDO, Fla. — Trucking technology and component provider Clarience Technologies has formed partnerships with trailer maker Wabash National Corp. and industry supplier Meritor Inc. on connected truck and trailer capabilities.

Seth Clevenger | Managing Editor, Features and Multimedia
March 10, 2022
Government, Business

Infrastructure Team Outlines Efforts to Deploy Funds

The White House team leading President Joe Biden’s Infrastructure and Investment Jobs Act outlined its efforts to work through state and local governments to help them organize and access $1.2 trillion in federal funds.

Noël Fletcher | Staff Reporter
March 10, 2022