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, Equipment

Ford to Cut 4,000 Jobs in Europe

FRANKFURT, Germany — Ford says it will reduce its workforce by 4,000 in Europe and the U.K. by the end of 2027, citing the economy and weak sales of electric cars.

November 20, 2024
Government, Business

Canada Shares US Concerns About Mexican Trade With China

TORONTO — Canada’s point person for U.S.-Canada relations said she shares U.S. concerns about Mexico serving as a back door for China to import cheaper goods into the North American market.

November 20, 2024
Government, Business, Safety

TIA Chides FMCSA for Overlooking Freight Fraud in Proposal

The issue of freight fraud is one that incoming TIA CEO Chris Burroughs said is getting worse, and was among key TIA priorities he outlined during a call with media.

November 20, 2024
Business, Technology, Fuel

Exxon Signs Deal to Supply Lithium to Battery Maker LG Chem

Exxon has signed a preliminary agreement to provide battery metal lithium to an LG Chem plant in the U.S., strengthening the oil major’s role in the domestic critical minerals supply chain.

November 20, 2024
Government, Business, Technology

Stellantis Delays Electric Ram Truck Debuts to Early 2025

Stellantis NV will delay the arrival of its two electric pickup trucks to the first half of 2025 from the end of this year, CEO Carlos Tavares said Nov. 19.

November 20, 2024
Government, Business, Technology, Fuel

EV Demand Could Drop 27% Without Tax Credit

Still, because EVs account for a small percentage of new car sales, removing the credit would have little impact on gasoline demand.

November 19, 2024
Government, Business, Logistics

Nebraska Finishes US 275 Section on Eastern Freight Route

The Nebraska Department of Transportation has been working to improve the U.S. 275 corridor in segments for many years. So far, about 70% has been completed, according to NDOT.

November 19, 2024
Government, Business

Trump Names Howard Lutnick as Commerce Secretary Nominee

Lutnick is a co-chair of Trump’s transition team, along with Linda McMahon, the former wrestling executive who previously led Trump’s Small Business Administration.

November 19, 2024
Government, Business, Technology, Fuel

Kansas Hydrogen Hunt Seen Fueling New Energy Revolution

A new Gold Rush is taking shape on a quiet stretch of Kansas prairie. There, a clutch of startups backed by the likes of Bill Gates are searching below the surface for hydrogen.

November 19, 2024
Government, Business

Buttigieg Celebrates Infrastructure Law as ‘Big Deal’

President Joe Biden and Secretary Pete Buttigieg celebrated a round of grants for transportation projects to help mark the third anniversary of the Infrastructure Investment and Jobs Act.

November 19, 2024