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

ATA, Hill Republicans Continue to Oppose Julie Su

Following a Senate committee’s approval of Acting Labor Secretary Julie Su’s nomination to lead the department, congressional Republicans renewed their opposition efforts.

Eugene Mulero | Senior Reporter
March 6, 2024
Business, Technology, Equipment, For-Hire, Private

PepsiCo, Estes Express Earn Sustainability Pathfinder Awards

NEW ORLEANS — Transport Topics has presented its inaugural Sustainability Pathfinder awards to PepsiCo and Estes Express in recognition of efforts to curb emissions and eliminate waste.

March 6, 2024
Business, Technology, Safety, Logistics

Anchor From Houthi-Sunk Ship May Have Severed Red Sea Cables

The anchor of a cargo ship that was attacked by Houthi militants was the most likely cause of damage to three telecommunications cables in the Red Sea in late February.

March 6, 2024
Business, Technology

Schuier Carries on Family Tradition With Trucking Career

NEW ORLEANS — Amanda Schuier — installed as the 65th chairman of the Technology & Maintenance Council on March 5 —  is a fourth-generation trucking industry professional.

Eric Miller | Senior Reporter
March 6, 2024
Government, Business, Fuel

Schumer Calls on FTC to Probe Wave of Oil Company Mergers

Senate Majority Leader Chuck Schumer called on the Federal Trade Commission to open a full investigation into a wave of acquisitions in the oil and gas industry, arguing that the consolidation threatens competition and could lead to higher prices.

March 6, 2024
Business, Technology, Equipment, Fuel

Cox Automotive Says Market Conditions Are Ideal for Fleets

NEW ORLEANS — The commercial vehicle market is expected to grow thanks to a supportive economy as certain technologies are adopted within the heavy-duty market, according to research.

Michael Freeze | Features Editor
March 6, 2024
Business, Technology, Equipment

Mack Adds to MD Electric Sales Push With Off-Grid Charging Unit

NEW ORLEANS — Mack Trucks will introduce an off-grid charging unit that is attached to an MD Electric, the OEM said March 5 at the Technology & Maintenance Council's annual showcase.

Keiron Greenhalgh | Staff Reporter
March 6, 2024
Business, Equipment

Traton Q4 Profit Receives Boost From Higher Prices

Profits at Traton Group rose in the fourth quarter of 2023 on the back of an improved truck market globally and higher prices, the owner of U.S. Class 8 brand International said.

Keiron Greenhalgh | Staff Reporter
March 6, 2024
Government, Business

Houthi Missile Attack Kills 3 Aboard a Ship in Gulf of Aden

DUBAI, United Arab Emirates — A missile attack by Yemen's Houthi rebels on a commercial ship in the Gulf of Aden killed three of its crew members and forced survivors to abandon the vessel March 6.

Jon Gambrell | Associated Press
March 6, 2024
Business, Technology, Equipment, Fuel, TCA

GM Collaborates to Produce Medium-Duty Hydrogen FCEV Trucks

General Motors' hydrogen fuel cell business is working on a $65 million pilot program for hydrogen-based work site products centered around medium-duty, fuel-cell powered trucks.

Kalea Hall | The Detroit News
March 6, 2024