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

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
BusinessLogisticsTop 100

Daseke Reports Improved Q1 Earnings

Flatbed carrier Daseke Inc. reported that its first-quarter net loss narrowed by more than half compared with year-ago levels.

May 10, 2021
BusinessLogistics

Patrick Moebel Appointed President of FedEx Trade Networks

FedEx Logistics Inc. has appointed Patrick Moebel to be president of FedEx Trade Networks Transport & Brokerage, Inc., the company announced May 10.

May 10, 2021
GovernmentBusinessTechnologyFuel

Colonial Pipeline Could Be Back Up Within Days

WASHINGTON — The operator of a major U.S. pipeline hit by a cyberattack said May 10 it hopes to have service mostly restored by the end of the week.

May 10, 2021
GovernmentBusinessTechnologyFuel

Gas Futures Shrug Off Cyberattack on Pipeline

A rally in gasoline futures lost steam as traders expect there will be enough fuel supply to meet demand after a cyberattack led to the shutdown of the largest U.S. oil-products pipeline. Crude futures reversed gains

May 10, 2021
BusinessTechnologyFuelAutonomous

Mercedes Unveils Electric Van for Growing Battery-Powered Lineup

Mercedes-Benz is giving a sneak peek of an electric van that is among the models broadening its battery-powered range over the next year.

May 10, 2021
BusinessTop 100

Tyson Earnings Top Estimates on Beef Demand

Tyson Foods Inc., the biggest U.S. meat company, reported better-than-expected fiscal second-quarter earnings and raised its sales forecast as beef markets strengthen and the company increases prices to pass through higher costs.

May 10, 2021