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.

BusinessTechnologyFuelAutonomous

Driverless Truck Startup Plus to List in $3.3 Billion SPAC Deal

Self-driving truck technology developer Plus announced it entered into a definitive business combination agreement with Hennessy Capital Investment Corp. V, a publicly traded special purpose acquisition company.

May 10, 2021
GovernmentBusinessFuel

Cyberattack on US Pipeline Linked to Criminal Gang

NEW YORK 鈥 The cyberextortion attempt that has forced the shutdown of a vital U.S. pipeline was carried out by a criminal gang known as DarkSide that cultivates a Robin Hood image of stealing from corporations and giving a cut to charity, two people close to the investigation said May 9.

May 10, 2021
GovernmentBusinessTechnologyFuelBreaking News

FMCSA Issues Emergency Declaration to June 8 Due to Pipeline Cyberattack

The Federal Motor Carrier Safety Administration is providing emergency relief from hours-of-service regulations to motor carriers and drivers assisting operations linked to refined petroleum supply chains in the East Coast in the wake of a cyberattack against Colonial Pipeline.

May 9, 2021
GovernmentBusinessTechnologyFuel

Colonial Pipeline鈥檚 Silence Has Energy Traders Nervous

Traders and shippers are increasingly nervous about the possibility of a shortage of fuel in the eastern U.S. two days after the shutdown of a major pipeline following a cyberattack.

May 9, 2021
GovernmentBusinessTechnologyFuel

Experts Say Cyberattack on Pipeline Is a Wake-Up Call

NEW YORK 鈥 The shutdown of a vital U.S. pipeline because of a ransomware attack stretched into a third day May 9, with the Biden administration saying an 鈥渁ll-hands-on-deck鈥 effort is underway to restore operations and avoid disruptions in gasoline supply.

May 9, 2021
GovernmentBusinessFuel

Ransomware Attack Shuts Down Biggest US Gas Pipeline

Colonial Pipeline is working to restore operations after a cyberattack prompted the company to take its systems offline, threatening the supply of refined petroleum products to gas stations in major cities on the U.S. eastern seaboard.

May 8, 2021
GovernmentBusinessFuelTCA

Minnesota 鈥楥lean Cars鈥 Rules Get OK to Move Forward

The administration of Minnesota Gov. Tim Walz and state regulators can adopt new vehicle emission standards without the OK from lawmakers, an administrative law judge ruled May 7.

May 7, 2021
BusinessLogistics

Americold Reports Q1 Loss, Citing Costs Related to Acquisitions

Americold reported a net loss of $14.2 million, or negative 6 cents a share, for the period ending March 31. The company said much of the loss can be attributed to increased acquisition and integration costs.

May 7, 2021
GovernmentBusinessTechnologyFuelAutonomous

Lion to Locate Largest EV Plant in Illinois

The Lion Electric Co., a manufacturer of all-electric medium- and heavy-duty urban vehicles, announced it selected Joliet, Ill., for the construction of its U.S. manufacturing facility, with building to ramp up in the second half of this year.

May 7, 2021
GovernmentBusinessSafety

New Jersey DOT Distributes Over $47 Million for Local Bridges

The New Jersey Department of Transportation announced $47.3 million in grant funding has been awarded to local government agencies to assist with bridge maintenance projects.

May 7, 2021