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, Fuel

Infrastructure Still Top Issue for Electric Truck Deployment

According to industry leaders, this simple, yet crucial detail for fleets to consider when adding electric trucks to their rosters should be their top priority: where to plug them in.

Steve Brawner | Contributing Writer
June 28, 2024
Government, Business, Technology

The Right Utility Provider Is Key for Fleet Electrification

To understand the best utility provider for an electrified commercial fleet, it is important to know the types of providers that are available and understand how they operate.

Michael Freeze | Features Editor
June 28, 2024
Business, Technology, Equipment

Truck Maker Hyzon Mulls Sale of Part or All of Operations

Hyzon Motors could put up a for sale sign as the Bolingbrook, Ill.-based startup continues to hemorrhage cash, and it may begin layoffs before that.

Keiron Greenhalgh | Staff Reporter
June 28, 2024
Business, Equipment, Fuel, Logistics

Salem Carriers to Use Pair of eCascadias in Carolinas

Salem Carriers is to begin using two Freightliner eCascadias to service some of Daimler Truck North America’s inbound logistics needs in the Carolinas, the companies said June 25.

Keiron Greenhalgh | Staff Reporter
June 28, 2024
Business, Logistics

Update: ATA Reports Tonnage Turnaround With 1.5% Rise

The trucking industry experienced its first increase in tonnage this year in May, American Trucking Associations reported June 18. 

June 28, 2024
Business, Safety

Reactivating XPO’s Wilbert Vano

After sitting out 2023 over a technical disqualification, XPO 3-axle driver Wilbert Vano returned to competition triumphantly at the New Jersey Truck Driving Championships.

Eugene Mulero | Senior Reporter
June 28, 2024
Government, Business

Fed’s Preferred Inflation Gauge Shows Price Pressures Easing

WASHINGTON — A measure of prices that is closely tracked by the Federal Reserve suggests that inflation pressures in the U.S. economy are continuing to ease.

Paul Wiseman | Associated Press
June 28, 2024
Business, Technology

Polestar Loss Deepens to $1.46B Amid Slowing EV Demand

Polestar Automotive Holding UK Plc reported deepening losses for last year as the EV maker faced weaker demand amid organizational challenges that delayed its earnings report.

Rafaela Lindeberg | Bloomberg News
June 28, 2024
Government, Business, Fuel

Senate Probes Possibility of Collusion Between Big Oil, OPEC

A Senate panel is investigating whether oil producers are illegally coordinating with OPEC to raise prices, following allegations that the former head of Pioneer colluded with the cartel.

June 28, 2024
Government, Business, Fuel

Clean Fuels Alliance Sues EPA Over Phase 3 Emissions Rule

The Clean Fuels Alliance America filed a lawsuit against EPA for adopting a heavy-duty truck regulation that the group claims fails to evaluate the use of biodiesel and renewable diesel.

Noël Fletcher | Staff Reporter
June 27, 2024