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.

GovernmentBusinessEquipment

Mack Opens Dedicated Production Line for Army Truck

Mack Defense, a unit of Mack Trucks, announced it is now producing heavy dump trucks at the Mack Experience Center, after a $6.5 million investment to create a dedicated production line at the facility in Allentown, Pa.

June 25, 2021
GovernmentBusinessTechnology

Chip Shortage Will Get Worse, Intel CEO Says

Intel Corp. CEO Pat Gelsinger predicted the shortage of semiconductors that’s hurting industries from automotive to consumer electronics will bottom out in the second half of this year before starting to improve.

June 25, 2021
GovernmentBusiness

Infrastructure Spending Promises Boost for Construction Industry

Plans to pump money into rebuilding the nation’s roads, bridges and other infrastructure could give companies with ties to the construction industry a solid foundation for growth.

June 25, 2021
GovernmentBusiness

Uncertainty Surfaces Over Infrastructure Deal

WASHINGTON — Livid and “blindsided” over President Joe Biden’s refusal to sign a bipartisan infrastructure deal without passage of his broader priorities, Republican senators June 25 were frantically considering options as the future of the sweeping compromise appeared in doubt.

June 25, 2021
BusinessTop 100

Forward Air Names Rebecca Garbrick Chief Financial Officer

Forward Air Corp. announced it named Rebecca Garbrick chief financial officer and treasurer, effective July 4.

June 25, 2021
BusinessEquipmentLogisticsTop 100

Mullen Group Completes Acquisition of Two Companies

Mullen Group has closed acquisitions on two transportation businesses, the Okotoks, Alberta, company announced June 24.

June 25, 2021
GovernmentBusinessFuel

7-Eleven Ordered to Sell 293 Speedway Stores

7-Eleven Inc. was ordered by U.S. antitrust regulators to sell 293 gas-station retail stores acquired earlier this year as part of its $21 billion purchase of Marathon Petroleum Corp.’s Speedway business.

June 25, 2021
GovernmentBusinessFuel

Congress Reinstates Obama Methane Rule for Oil, Gas Wells

The House voted June 25 to rescind a Trump-era rule blocking the Environmental Protection Agency from directly limiting oil industry emissions of the powerful greenhouse gas methane, a move that would restore requirements imposed by the Obama administration while freeing the agency to craft new more stringent rules for the oil and gas industry.

June 25, 2021
GovernmentBusinessFuel

Oil Refiners Win at Supreme Court With Easier Waivers on Biofuel

The Environmental Protection Agency has wide latitude to exempt refineries from federal mandates that they mix renewable fuels into gasoline and diesel, the U.S. Supreme Court ruled June 25, a victory for oil companies seeking a break from the requirements.

June 25, 2021
BusinessTechnologyAutonomous

Tech Giants Make Push Into Autonomous Driving

For tech giants that are diving into self-driving tech or have grand plans for their own cars, that push isn’t just about breaking into a new market — it’s about defending valuable turf.

June 25, 2021