Oil traders expect OPEC+ to stick with its current supply policy at a review meeting next week, resisting pressure from President Donald Trump to open the taps and bring down crude prices.
January 27, 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.
Oil Traders Expect OPEC+ to Stick With Supply Plan Next Week
Kia Recalls 80,000 Vehicles Over Air Bag Issue
Kia America Inc. has announced a recall of more than 80,000 Kia vehicles due to improper floor wiring that may impact the vehicle’s air bag deployment.
January 27, 2025Nissan Plans Cuts Without Resorting to Plant Closures
Nissan plans to repair its flailing business without closing factories, according to people familiar with the matter, as it looks to streamline its finances before a capital tie-up with Honda.
January 27, 2025Diversified Energy to Buy Maverick Natural Resources
Diversified Energy agreed to acquire Texas-based energy producer Maverick Natural Resources to expand its scale as U.S. President Donald Trump makes higher oil production a key priority.
January 27, 2025Investor Seeks to Quash US Steel-Nippon Deal
An asset manager is seeking to quash Nippon Steel’s takeover of U.S. Steel and oust the leadership of the U.S. steelmaker after taking a stake in the company.
January 27, 2025How Shippers Navigate Risk in a Fragmented Freight Market
With delivery expectations climbing and freight fraud concerns lingering, shippers and logistics providers have had to step up efforts to vet and verify carriers.
January 27, 2025Beacon Roofing Solicits Bids to Fend Off Brad Jacobs' QXO
Beacon Roofing Supply has started soliciting interest from potential buyers as it looks to fend off an $11 billion takeover bid from rival QXO Inc., people familiar with the matter said.
January 24, 2025Bridgestone to Close Tire Plant in Tennessee, Lay Off 700
NASHVILLE, Tenn. — Tire manufacturer Bridgestone Americas is closing its LaVergne, Tenn., truck and bus radial tire plant and laying off 700 workers there, the company said in a release.
January 24, 2025Wisconsin Invests $10.8M in 5 Harbor Infrastructure Projects
Wisconsin Gov. Tony Evers granted $10.8 million on Jan. 15 for five harbor infrastructure projects to improve the movement of freight and the state’s supply chain.
January 24, 2025Amazon Layoffs Prompt Canada to Review Government Deals
Canada’s industry minister said Amazon’s decision to shut down all warehouses in Quebec and cut close to 2,000 jobs would prompt the government to examine its current deals with the company.
January 24, 2025Follow Us
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