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.

BusinessSafety

Wisconsin Motor Carriers Association Names 2020 Driver of Year

The Wisconsin Motor Carriers Association announced last month that Alyn Jones has been selected as its 2020 Driver of the Year.

May 11, 2021
GovernmentBusinessSafety

UPS Foundation Commits to Spending $1 Million to Fight COVID-19 in India

The UPS Foundation announced a $1 million commitment to fight the COVID-19 surge in India. The combination of emergency funding, in-kind transportation movements and technical expertise is intended to provide urgent relief, as well as strategic support.

May 11, 2021
GovernmentBusinessTechnologyFuel

Some Gas Pumps Run Dry Due to Panic Buying

Motorists across a broad swath of the East Coast and South are struggling to find gasoline and diesel as filling stations run dry amid the unprecedented pipeline disruption caused by a criminal hack.

May 11, 2021
GovernmentBusinessFuel

Biden Waives Some Gasoline Mandates to Address Fuel Shortage

The Biden administration lifted some environmental regulations governing the sale of gasoline in three states and the nation’s capital on May 11, as the Colonial Pipeline shutdown stretched into its fourth day, causing fuel shortages along the East Coast.

May 11, 2021
GovernmentBusinessFuel

US Fuel Crisis Sparks Refiners to ‘Smash and Grab’ Tankers

Oil tanker charter rates skyrocketed in the U.S. with refiners scrambling for ships to store fuel that has nowhere to go due to a cyberattack on the country’s main pipeline.

May 11, 2021
BusinessTechnologyEquipmentFuel

Shell Starship 2.0 Split Into Two Cross-Country Treks

Shell Lubricants is planning to hold two separate cross-country trips to showcase fuel-efficient truck technologies, the company announced May 10.

May 11, 2021
GovernmentBusinessFuel

Pipeline Officials Hope Most Service Will Be Back by Weekend

WASHINGTON — Hit by a cyberattack, the operator of a major U.S. fuel pipeline said it hopes to have services mostly restored by the end of the week as the FBI and administration officials identified the culprits as a gang of criminal hackers.

May 11, 2021
GovernmentBusinessTechnologyFuel

Biden Says Russia Has ‘Some Responsibility’ in Colonial Attack

President Joe Biden said Russia has “some responsibility†to address a ransomware attack that crippled the Colonial fuel pipeline and that he’ll seek global cooperation to combat similar hacks.

May 10, 2021
BusinessTechnologyFuelAutonomousTCA

Elon Musk Plays Nice as ‘SNL’ Host

Elon Musk’s “Saturday Night Live†episode on May 8 was neither controversial nor disruptive. It was, in the end, a decent but rather uneventful evening, neither the flaming car wreck his detractors expected or edgy show for which his fans were hoping.

May 10, 2021
GovernmentBusinessTechnologyEquipmentFuel

Diesel Engine Makers Need to Innovate to Meet Stricter NOx Emission Standards

As state and federal clean-air regulators move forward with plans to further reduce nitrogen oxide and particulate matter emissions from commercial trucks, diesel engine makers are exploring new technologies to meet those targets in the coming years.

May 10, 2021