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

Earthstone to Buy Permian Oil Producer Bighorn for $860 Million

Earthstone Energy Inc. agreed to buy closely held oil and gas producer Bighorn Permian Resources for $860 million.

January 31, 2022
GovernmentBusinessTechnologySafety

What Does a Poor Bridge Rating Mean?

A 50-year-old bridge that collapsed in Pittsburgh had been rated as poor on a recent inspection report, but transportation officials and engineering experts cautioned that doesn’t necessarily signal imminent danger for the thousands of other U.S. bridges with the same designation.

January 31, 2022
GovernmentBusinessTechnology

Ohio Lured Intel’s Chip Plant With $2B in Incentives

COLUMBUS, Ohio — Ohio offered Intel Corp. incentives worth roughly $2 billion to secure a new $20 billion chipmaking factory that the company says will help alleviate a global shortage and create a new technology hub in the Midwest.

January 28, 2022
BusinessTechnologyEquipment

Carrier Partners With ConMet to Expand Electrification Capabilities

Carrier Global Corp. is expanding its electrification capabilities through a new alliance with ConMet, the company announced Jan. 28.

January 28, 2022
GovernmentBusiness

Biden Visits Collapsed Bridge, Touts Infrastructure Needs

PITTSBURGH — Arriving just hours after a serious bridge collapse, President Joe Biden stared into the cratered muddy earth where the aging span fell early Jan. 28, striking evidence supporting the $1 trillion infrastructure law he already had planned to tout on his trip here.

January 28, 2022
GovernmentBusinessSafetyLogistics

ā€˜Tens of Millions’ of COVID Tests Are in the Mail

About 60 million households in the U.S. have ordered at-home COVID-19 tests from the federal government and ā€œtens of millionsā€ of tests have been shipped out by the U.S. Postal Service, according to White House spokeswoman Karine Jean-Pierre.

January 28, 2022
Business

Tenney Group Predicts More Acquisitions in Year Ahead

Acquisition advisory firm Tenney Group predicts more trucking acquisitions will occur in the year ahead, continuing the robust market trend from 2021.

January 28, 2022
BusinessTechnology

Volvo Reports Mixed Q4 Results

Volvo Group reported net income slipped and revenue increased modestly in the fourth quarter, and noted that global demand for trucks remained high amid a steep decline in sales of construction equipment in China and a falloff in its bus business.

January 28, 2022
BusinessLogistics

Canadian Pacific Says Weather, KCS Merger Affected Q4 Results

Severe winter weather along part of its network and increased costs with the proposed merger of Canadian Pacific Railway with Kansas City Southern impacted fourth-quarter financial results.

January 28, 2022
GovernmentBusinessTechnology

TMC Eyes Automated Driving Systems With New Recommended Practices

TMC has ā€œturned a hat trickā€ in pursuing three goals for its development of prospective Recommended Practices (RPs) covering automated vehicles.

January 28, 2022