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, Safety

Norfolk Southern to Pay $600M in Settlement Over Derailment

Norfolk Southern has agreed to pay $600 million in a class-action lawsuit settlement related to a fiery train derailment in February 2023 in eastern Ohio.

Josh Funk | Associated Press
April 9, 2024
Business, Logistics

Quantix Acquires TMS Provider CLX Logistics

Brown Gibbons Lang & Co. announced April 8 that it has sold transportation management systems company CLX Logistics to chemical supply chain services firm Quantix.

April 8, 2024
Business, Technology, Equipment, Fuel

Nikola Class 8 FCEV Truck Production Nudges Up to 43 in Q1

Nikola Corp. produced 43 and wholesaled 40 Class 8 hydrogen fuel cell electric vehicles in the first quarter of 2024, the truck maker said.

Keiron Greenhalgh | Staff Reporter
April 8, 2024
Business, Fuel

Diesel Leaps Back Over $4 Mark After 6.5¢ Increase

A 6.5-cent increase in the national average diesel price has brought trucking’s main fuel back over the $4 mark and left it just 3.7 cents shy of where it was a year ago.

April 8, 2024
Business, Technology, Autonomous

Tesla Shares Jump as Investors Buy Into Musk’s Robotaxi Hype

When Elon Musk announced late April 5 that he’ll unveil a Tesla Inc. robotaxi in August, it was a clear attempt to arrest a spiral for the once high-flying carmaker.

Dana Hull and Esha Dey | Bloomberg News
April 8, 2024
Government, Business, Safety

Update: Class 8 Truck Orders End Two-Month Positive Streak

ACT Research data showed orders declined 9.9% to 17,300 units from 19,200 during the same time in 2023. Story by Connor Wolf.  

April 8, 2024
Government, Business, Fuel

Energy Transfer Files for Regulator Review in Pipeline Spat

Energy Transfer LP is asking the Federal Energy Regulatory Commission to take a closer look at a Williams Cos. pipeline project as a legal battle rages between the two companies.

April 8, 2024
Business, Technology, Autonomous, For-Hire

Kodiak Forms Autonomous Truck Council With Walmart, UPS

Kodiak Robotics launched an advisory council to bolster its efforts to commercialize autonomous trucks with the help of trucking industry leaders, the company announced March 27.

Connor D. Wolf | Staff Reporter
April 8, 2024
Business, Fuel

Love’s Opens Five New Speedco Locations

Love’s Travel Stops has opened five new Speedco locations while also remodeling two existing maintenance shops, the company announced April 4.

Connor D. Wolf | Staff Reporter
April 8, 2024
Government, Business, Safety

Wisconsin Governor Vetoes Bill Placing $1M Cap on Litigation

Wisconsin Gov. Tony Evers has vetoed a bill that would have put a $1 million cap on awards for noneconomic damages such as pain and suffering in lawsuits stemming from commercial motor vehicle accidents.

Eric Miller | Senior Reporter
April 8, 2024