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, Safety

Hurricane Milton Takes Aim at Tampa Bay as Category 4 Storm

TAMPA, Fla. — Hurricane Milton weakened slightly but remained a ferocious storm that could land a once-in-a-century direct hit on the populous Tampa Bay region with towering storm surges.

October 8, 2024
Business, Technology, Fuel, Logistics

Rivian Faces Delays, Cuts Production After Supplier Misstep

Rivian miscalculated when communicating supply and demand needs with Essex, its sole supplier of what are essentially copper wires that carry the electric current inside EV motors.

October 7, 2024
Government, Business, Safety

Hurricane Milton Is Now a Disastrous Category 5 Storm

This makes Milton one of the most powerful storms produced in the Atlantic this year, rivaled only by Hurricane Beryl, which raked Texas, Mexico and the Caribbean in July.

October 7, 2024
Government, Business, Safety

WYDOT Rolls Out Web-Based Permitting for Heavy Loads

Launched on Oct. 1, the ProMiles commercial web-based system streamlines the administration of self-issued permits while maintaining existing state permit requirements.

October 7, 2024
Business, Technology, Equipment, TCA

Production Begins at Hyundai’s $7.6 Billion EV Factory

Hyundai has begun electric vehicle manufacturing at its new factory near Savannah, Ga., a major milestone in Georgia’s emergence as an EV hub.

October 7, 2024
Government, Business, Technology, TCA

Rivian Seeks Federal Loan to Restart EV Plant Construction

New documents show Rivian has applied for a federal loan to help finance the $5 billion electric vehicle factory it plans to build an hour east of Atlanta.

October 7, 2024
Business, Technology

Lucid’s Quarterly Production Falls, Missing Estimates

Lucid Group Inc.’s electric vehicle production dropped in the third quarter and missed analysts’ forecasts, even as deliveries exceeded expectations.

October 7, 2024
Government, Business, Fuel, Logistics

LNG Ships Divert to Europe on Wider War Fears

Liquefied natural gas cargoes are diverting away from Asia to Europe after fears of a wider war in the Middle East sent benchmark Dutch prices rallying.

October 7, 2024
Business, Fuel

Shell Sees Strong Natural Gas Production in Third Quarter

Shell saw continued strong performance from its natural gas and upstream businesses in the third quarter, even as oil-refining margins declined and it expects to lose money in chemicals.

October 7, 2024
Business, Fuel

Chevron Sells Canada Oil Sand, Shale Assets for $6.5 Billion

Chevron Corp. agreed to sell its stakes in some oil sands and shale assets to Canadian Natural Resources Ltd. for $6.5 billion.

October 7, 2024