Nippon Steel closed its $14.1 billion takeover of U.S. Steel, bringing to an end an 18-month effort to combine the American and Japanese steelmakers, the companies said in a June 18 statement.
June 18, 2025Trucking 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.
Nippon Steel Closes $14.1 Billion Acquisition of US Steel
Trump Prepares New Round of Tariffs
The administration is pressing ahead with another tariff barrage that some experts say is more legally sound than country-by-country duties and may end up having an equally broad effect.
June 18, 2025Keyera to Buy Plains’ Canada Natural Gas Liquids Unit for $3.8B
Keyera agreed to buy Plains All American Pipeline’s Canadian natural gas liquids business and some U.S. assets for C$5.15 billion, bulking up its pipeline system around the country.
June 18, 2025States Warn of Texting Scams Over Bogus Unpaid Tickets
States are warning residents about scams under which victims receive text messages purported to be from state motor vehicle agencies seeking payment for fraudulent traffic violations.
June 17, 2025Canada Business Group Pushes for Pipeline Expansion in Mexico
Canadian companies could help Mexico reduce its lopsided dependency on imported U.S. natural gas by maximizing its own domestic supplies of the fuel, according to a Canada business group.
June 17, 2025Nikola Administrators Plan Final Asset Sale — the IP
Bankrupt Class 8 hydrogen fuel cell tractor manufacturer Nikola’s administrators are finalizing plans for the sale of the company's intellectual property.
June 17, 2025Amazon’s Jassy: AI Will Reduce Company’s Corporate Workforce
Amazon.com CEO Andy Jassy says he expects the company’s workforce to decline in the next few years as the retail and cloud-computing giant uses artificial intelligence to handle more tasks.
June 17, 2025Fuel Tanker Rates Soar Over Israel-Iran Conflict
The cost of hauling refined oil out of the Middle East surged on June 17 as shippers reacted to the conflict between Israel and Iran.
June 17, 2025Diesel Prices Surge as Israel-Iran War Pressures Market
Diesel prices kept rising on June 17 as concerns about Middle Eastern supplies — a consequence of the Israel-Iran conflict — piled pressure on an already tight market.
June 17, 2025FedEx Freight Opens Indianapolis-Area LTL Terminal
FedEx Freight opened a service center in Greenwood, Ind., at the end of May, the carrier said. FedEx’s less-than-truckload division now has 323 terminals nationwide.
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