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, Fuel

Exxon Exec Says Oil Output Won’t Surge Despite Trump Agenda

Oil and gas producers in the U.S. will not raise output significantly in the coming years despite calls from President-elect Donald Trump to ā€œdrill, baby, drill,ā€ said an Exxon executive.

November 26, 2024
Government, Business, Technology, Equipment, Fuel

Newsom, Musk Clash Over California EV Incentive Plan

Gavin Newsom is positioning California as a foil to Donald Trump’s policies, laying the groundwork for resistance on everything from deportations to regulation rollbacks.

November 26, 2024
Government, Business, Technology, Equipment, Fuel

Rivian’s $6.6 Billion Loan Advances EV Factory Timeline

The loan would come from the U.S. Energy Department’s Advanced Technology Vehicle Manufacturing program.

November 26, 2024
Government, Business

Trump Nominates Lori Chavez-DeRemer to Lead Labor Department

WASHINGTON — President-elect Donald Trump on Nov. 22 named Oregon Rep. Lori Chavez-DeRemer to lead the Department of Labor in his second administration.

November 25, 2024
Government, Business, Fuel

OPEC+ Has Little Room to Revive Oil Supply, Official Says

OPEC+ has little scope to reverse its oil production cuts, which have triggered a wave of rival supply from the U.S. shale industry, Iran’s representative to the group said.

November 25, 2024
Business, Logistics, For-Hire, Top 100

Kenan Advantage Expands Dry Bulk With Two November Deals

North Canton, Ohio-based KAG has expanded its dry bulk transportation services with two acquisitions, strengthening its logistics capabilities across North America.

November 25, 2024
Business, For-Hire, Top 100

Roadrunner Owner Sells Majority Stake to CEO Jamroz, Partner

A private equity vehicle led by Roadrunner Freight CEO Chris Jamroz bought a majority ownership stake in the less-than-truckload carrier from Elliott Investment Management.

November 25, 2024
Government, Business, Technology, Fuel

BP Optimistic About US Energy Future Under Trump

BP Plc anticipates strong growth in the U.S. as President-elect Donald Trump improves regulations on the oil and gas industry just as artificial intelligence boosts energy demand.

November 25, 2024
Government, Business, Technology, Fuel

California EV Rebates May Omit Tesla Models

Gov. Newsom's office told Bloomberg News that the current proposal includes market-share limitations that would exclude Tesla’s popular EV models.

November 25, 2024
Business, Technology, Equipment

Samsara Partners With Northland Insurance on Telematics Use

Samsara is teaming up with Northland Insurance to offer the latter’s customers a discount on their premiums or subsidies for investments, the in-cab technology provider said.

November 25, 2024