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.

Business, Fuel

Exxon Taps Low Carbon Chief to Lead Key Oil and Gas Division

Exxon Mobil Corp. named Dan Ammann as head of its upstream oil and gas business, putting its low carbon president in charge of its most profitable division.

December 3, 2024
Government, Business, Safety

Snowstorm Heads for Great Lakes Region Again

Even more snow could be on the way for places in the Great Lakes region that are still digging out after days of storms caused deadly wrecks and buried some towns under nearly 6 feet of snow.

December 3, 2024
Business, Logistics, Private

Tally of US Shoppers Slipped During Thanksgiving Weekend

Fewer Americans shopped during Thanksgiving weekend this year, a sign that consumers remain selective about spending.

December 3, 2024
Business, Technology

Mach in Talks to Help Rescue Electric Vehicle Maker Lion

Mach Capital, the investment arm of Canadian real estate developer Groupe Mach, is in discussions to provide more funding to cash-strapped electric bus and truck manufacturer Lion Electric.

December 3, 2024
Government, Business, Logistics

Small Business Owners Brace for Trump’s Proposed Tariffs

Small businesses are bracing for stiff tariffs that President-elect Donald Trump has proposed as one of his first actions when he takes office.

December 3, 2024
Government, Business, Equipment, Safety

GM Adds Over 132,000 Heavy-Duty Pickups to Recall

DETROIT — General Motors is adding over 132,000 heavy-duty pickups to a previous recall for tailgate release switches that can short circuit and open the gates while the trucks are in park.

December 3, 2024
Government, Business

Trump Remains Opposed to US Steel Sale

President-elect Donald Trump reiterated his opposition to the sale of U.S. Steel Corp. to Nippon Steel Corp., saying he’d instead use tariffs and tax incentives to revive the steelmaker.

December 3, 2024
Business, Fuel

OPEC+ Firms Up Deal for Three-Month Delay to Output Hike

OPEC+ is making progress toward an agreement to delay its oil-production revival by another three months, delegates said.

December 3, 2024
Government, Business, Safety, TCA

I-95 Bridge in Connecticut Reopens Months After Fiery Crash

NORWALK, Conn. — Exactly seven months after a blaze consumed the Fairfield Avenue overpass spanning Interstate 95, the bridge reopened to traffic in roughly half the expected time.

December 3, 2024
Business, Private, Top 100

Tyson to Shut Kansas Plant as US Beef Shortage Erodes Profit

Tyson Foods will shut a meat plant in Kansas next year, eliminating 809 jobs, as the company seeks to slash costs amid a downturn in the beef industry.

December 2, 2024