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.

Government, Business, Technology

US Mulls Backing Brazilian Nickel Plant With Up to $550M

The U.S. government is considering whether to provide a loan of up to $550 million to help developing a nickel and cobalt mine in Brazil’s Northeast.

December 9, 2024
Government, Business, Fuel

Biden Sets Last-Minute Auction of Arctic Refuge Oil Rights

The Biden administration plans to sell drilling rights in the Arctic National Wildlife Refuge, a last-minute maneuver that could complicate the incoming administration’s plans.

December 9, 2024
Government, Business, Safety, TCA

Connecticut Invests $31 Million in Truck Parking

MIDDLETOWN, Conn. — The Connecticut Department of Transportation announced a $31 million investment in expanding truck parking by 183 spaces at rest stops across Connecticut.

December 9, 2024
Government, Business, Technology

South Korean Companies Reconsider Plants in US Over Trump

South Korean companies are reconsidering their $54 billion investment blitz to build EV battery plants in the U.S. over concerns President-elect Donald Trump could undo tax credits for EVs.

December 9, 2024
Government, Business

Nippon Steel Clarifies Spending Pledge

Nippon Steel clarified its spending plans at U.S. mills owned by U.S. Steel Corp. as part of last-ditch efforts to win over workers and politicians for its bid to buy the steelmaker.

December 9, 2024
Government, Business, Safety

EPA Hails 'Revitalized' Enforcement Efforts Under Biden

WASHINGTON — The EPA enhanced enforcement efforts in 2024, doubling financial penalties issued to polluters and issuing the first arrest for a climate change-related crime, the agency said.

December 6, 2024
Business, Technology, Equipment, Fuel

Bus, Truck Maker Lion Electric Sells Facility to Raise Funds

Days after laying off 400 staff and halting production at its Joliet, Ill., bus manufacturing plant, Lion continued its ongoing fundraising push with the building sale.

December 6, 2024
Government, Business, Technology, Equipment, Global Freight

Postal Service Head Says Aging Trucks Need Upgrades

Postmaster General Louis DeJoy said the Postal Service needs to replace aging trucks, and he wasn’t aware of an effort by the incoming presidential administration to cancel plans to buy EVs.

December 6, 2024
Government, Business, Technology, Safety

US Agencies Issue Guide to Thwart Cyberthreats From China

Guide recommendations will help network engineers and security personnel strengthen visibility and harden network devices against bad actors affiliated with China.

December 6, 2024
Government, Business

Nippon Steel Eyes Overseas Market in Bid for US Steel

KASHIMA, Japan — The signs at Nippon Steel read: “The world through steel,” underlining why Japan’s top steelmaker is pursuing its $15 billion bid to acquire U.S. Steel.

December 6, 2024