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.

BusinessEquipment

December Class 8 Orders Jump as Sleeper Interest Increases

North American Class 8 truck orders jumped in December compared with the same month a year earlier, according to ACT Research, for the first such increase since May.

January 13, 2025
GovernmentBusinessFuel

Supreme Court Won鈥檛 Hear From Oil Companies on Climate Suits

WASHINGTON 鈥 The Supreme Court said it won鈥檛 hear an appeal from oil and gas companies trying to block lawsuits seeking to hold the industry liable for billions in damage linked to climate change.

January 13, 2025
GovernmentBusiness

Cleveland-Cliffs, Nucor Mull US Steel Bid, CNBC Says

Cleveland-Cliffs Inc. is partnering with rival Nucor Corp. in a potential bid for United States Steel Corp., CNBC reported Jan. 13.

January 13, 2025
GovernmentBusinessTechnology

Biden Administration Proposes New Rules on Exporting AI Chips

WASHINGTON 鈥 The Biden administration is proposing a new framework for the exporting of the advanced computer chips used to develop artificial intelligence.

January 13, 2025
GovernmentBusinessTechnology

Northvolt Sells Its Stake in Recycling JV to Norsk Hydro

Bankrupt battery maker Northvolt AB agreed to sell its remaining shares in a recycling venture to Norsk Hydro ASA as it continues to slim down operations amid a Chapter 11 process in the U.S.

January 13, 2025
GovernmentBusinessTechnologyEquipmentFuelGlobal Freight

Oshkosh Ready for Possible USPS Shift to Gas Trucks From EVs

Oshkosh is prepared to provide the Postal Service more gas-powered mail trucks if the agency cuts back orders for EVs, which benefit from funding President-elect Donald Trump has criticized.

January 13, 2025
GovernmentBusinessTechnologySafetyAutonomous

Aurora Fights FMCSA Ruling on Hazard Warnings

Aurora Innovation, a maker of self-driving tech for trucks, is fighting FMCSA's decision to deny the company an alternative means to comply with safety rules that typically require a human being.

January 13, 2025
BusinessTechnologyEquipmentFor-Hire

Fleets Turn to Remanned Parts to Reduce Operating Costs

The impact of a three-year freight recession and consistently rising costs is providing both opportunity and challenge for truck parts remanufacturers in the dubbed 鈥渞eman鈥 market.

January 13, 2025
BusinessLogisticsPrivateGlobal FreightTop 100Top 50

Walgreens Shares Soar 28% After Sales Beat Forecasts

Revenue came to $39 billion for the fiscal quarter ended in November, driven by higher prices for branded drugs and prescription volumes at the company鈥檚 U.S. retail pharmacy division.

January 10, 2025
GovernmentBusinessEquipmentLogistics

Stellantis Pauses Key Decisions, Awaits Trump Policies

The automaker hasn鈥檛 decided where to build certain new vehicles such as the replacement for the Jeep Cherokee midsize SUV, which ceased production in the key segment in 2023.

January 10, 2025