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.

GovernmentBusinessLogistics

Panama Considers Canceling Port Deal With Hong Kong Firm

Panama is weighing whether to cancel its contract with the Hong Kong-based company that operates ports near the Panama Canal, according to people with knowledge of the situation.

February 4, 2025
GovernmentBusinessFuel

Chinese Tariffs on US LNG Set to Reroute Global Trade Flows

China’s decision to slap tariffs on liquefied natural gas imported from the U.S. will trigger a scramble to decouple the world’s biggest buyer and seller of the super-chilled fuel.

February 4, 2025
GovernmentBusinessLogisticsPrivateGlobal Freight

Amazon to Face Legal Action After Layoffs in Quebec

Amazon.com Inc.’s decision to close all seven of its warehouses in the Canadian province of Quebec and terminate more than 1,900 workers is prompting legal action from the affected union.

February 4, 2025
BusinessFuelPrivate

ADM Plans to Cut Up to 700 Jobs

Archer-Daniels-Midland Co. said it will reduce its workforce as the company expects profits to decline for a third straight year.

February 4, 2025
GovernmentBusinessFuel

Senate Confirms Chris Wright as Energy Secretary

WASHINGTON — The Senate confirmed Chris Wright to serve as energy secretary, a key post to promote President Donald Trump’s efforts to achieve U.S. “energy dominance” in the global market.

February 4, 2025
GovernmentBusinessTechnologyEquipmentFuel

China to Impose Tariffs on US Products, Including Oil

BEIJING — China countered President Donald Trump’s tariffs on Chinese products with tariffs on select U.S. imports Feb. 4, as well as announcing an antitrust investigation into Google.

February 4, 2025
BusinessTechnologyEquipmentSafetyAutonomous

Volvo, Waabi Partner to Produce Autonomous Trucks

Waabi will integrate its autonomous driving system, the Waabi Driver, with Volvo’s production-ready VNL Autonomous model. Commercial pilots will begin in Texas in the coming months.

February 4, 2025
BusinessSafetyLogistics

Pacific Coast Highway Reopens Nearly a Month After Wildfires

LOS ANGELES — The Pacific Coast Highway reopened Feb. 3, nearly a month after it was closed when flames from the deadly Palisades Fire ripped through hillside Los Angeles neighborhoods.

February 3, 2025
GovernmentBusinessEquipmentFuelLogistics

New Tariffs Cause Concern Among Trucking Stakeholders

Trucking stakeholders are raising alarm that U.S. implementation of tariffs on Mexico and Canada will harm American truckers, cause supply chain instability and hike prices for consumers.

February 3, 2025
GovernmentBusiness

Watch: USDOT Secretary Orders Fuel Economy Rule Rewrite

Newly appointed U.S. Transportation Secretary Sean Duffy ordered a rewrite of more stringent U.S. fuel economy rules, following through on one of President Donald Trump’s first directives after he retook the White House.   

February 3, 2025