Trucking Business News

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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

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
GovernmentBusiness

Consumer Spending Flat in May

WASHINGTON — Consumer spending was flat in May while incomes dropped for a second month as the impact of the government’s individual impact payments waned. Inflation, however, posted a sizable gain of 0.4%.

June 25, 2021
BusinessLogisticsTop 50Top 100

FedEx Tops $20 Billion in Revenue for Third Straight Quarter

FedEx Corp. reported a surge in bottom-line results for its fiscal fourth quarter as e-commerce continued to fuel demand for the company’s services.

June 24, 2021
BusinessEquipmentSafetyTop 100

Appeals Court Rules in Favor of U.S. Xpress in Driver Pay Dispute

A U.S. appeals court has issued an opinion in favor of U.S. Xpress Enterprises in a class-action case in which California truck drivers argued they should have been paid for nondriving work time, even while under a piece-rate basis agreement with the carrier to transport a load.

June 24, 2021
BusinessLogistics

Logistics Sector Altered but Resilient, CSCMP Reports

The logistics sector continues to demonstrate the perseverance that carried it through the toughest days of the economic downturn that accompanied the coronavirus pandemic, the Council of Supply Chain Management Professionals said in a recent report.

June 24, 2021
BusinessTechnologyAutonomous

Embark to Go Public, Merge With SPAC in $4.5 Billion Deal

Self-driving truck technology company Embark Trucks Inc. has entered into a definitive business combination agreement with Northern Genesis Acquisition Corp. II, a special purpose acquisition company.

June 24, 2021
GovernmentBusiness

US Economy Grows 6.4% in Q1

The U.S. economy grew at a solid 6.4% rate in the first three months of the year, setting the stage for what economists believe may be the strongest year for the economy in about seven decades.

June 24, 2021