Trucking Business News

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.

GovernmentBusinessFuel

US Grants Second Oil Award From Strategic Reserve to Marathon

The U.S. Energy Department awarded a second batch of crude oil from the strategic reserve to Marathon Petroleum Corp. as part of the Biden administration’s effort to lower energy costs.

December 23, 2021
BusinessTechnologyAutonomous

Waymo Pulls Out of CES Over Virus Concerns

Waymo, the autonomous vehicle unit of Alphabet Inc., is withdrawing from in-person events at CES, joining a growing list of companies avoiding the major technology conference scheduled for next month.

December 23, 2021
BusinessSafetyFuel

Exxon Reduces Rates at Baytown Refinery After Extinguishing Fire

ExxonMobil Corp. said it will adjust its rates following a Dec. 23 fire at its Baytown, Texas, refinery that injured four people.

December 23, 2021
GovernmentBusinessEquipment

Durable Goods Orders Increase More Than Forecast

Orders placed with U.S. factories for durable goods rose in November by the most in six months, exceeding forecasts and pointing to steady demand that will help drive production growth in early 2022.

December 23, 2021
BusinessTechnologyEquipmentLogistics

How Software Helps Enable Industry Consolidation

The trucking industry has undergone further consolidation amid a surge of acquisitions, and software has enabled much of that.

December 23, 2021
GovernmentBusiness

Jobless Claims Unchanged at 205,000

The number of Americans applying for unemployment benefits was unchanged last week, remaining at a historically low level that reflects the job market’s strong recovery from the coronavirus recession last year.

December 23, 2021
GovernmentBusinessLogistics

USDOT Gives $241 Million to Ports to Boost Supply Chain

WASHINGTON — Transportation Secretary Pete Buttigieg is awarding more than $241 million in grants to bolster U.S. ports, part of the Biden administration’s near-term plan to address America’s clogged supply chain with infrastructure improvements to speed the flow of goods.

December 23, 2021
GovernmentBusinessSafety

Supreme Court to Hold Special Session on Vaccine Mandates

WASHINGTON — The Supreme Court says it will hold a special session Jan. 7 to weigh challenges to two Biden administration policies covering vaccine requirements for millions of workers — policies that affect large employers and health care workers.

December 22, 2021
BusinessTechnologyEquipmentFuel

Three Truck Makers Align to Bring EV Charging Network to Europe

Commercial vehicle manufacturers Daimler Truck, Traton Group and Volvo Group announced they signed a binding agreement to create a joint venture to install and operate a high-performance public charging network for battery-electric, heavy-duty longhaul trucks and coaches across Europe.

December 22, 2021
Business

Tom Drury to Replace Fred Loeffel at Geodis

Geodis has promoted Tom Drury to executive vice president of strategic development of the Americas region. Drury will take over at the end of 2021, when Fred Loeffel retires from the company after 36 years.

December 22, 2021