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

US Imposes Sanctions on Two More Vessels Tied to Russian LNG

The U.S. has sanctioned two more vessels along with two related shipping companies in its latest effort to block Russian liquefied natural gas exports from the Arctic.

September 5, 2024
Government, Business, Fuel

Trump Eyes Energy Emergency to Push Gasoline Below $2

A goal of sub-$2 gasoline, last seen during the pandemic shutdown that caused demand to collapse, would be difficult to achieve, since presidents have little control over pump prices.

September 5, 2024
Government, Business, Safety

Buttigieg Announces $1 Billion for Transportation Safety

Transportation Secretary Pete Buttigieg recently announced a new wave of funding aimed at improving transportation safety around the country.

September 5, 2024
Government, Business, Safety, Logistics, For-Hire

Michigan to Allow Hazardous Transport on Ambassador Bridge

The decision, repealing measures in place since 2014, follows a six-month review of input from the public, law enforcement and first responders.

September 5, 2024
Business, Equipment, For-Hire, Top 100

Yellow Submits Final Chapter 11 Plan, Seeks Creditor Deal

The administrators are disputing the size of withdrawal liability claims from Central States Pension Fund and other multiemployer pension funds.

September 5, 2024
Government, Business, Logistics

Military’s $17.9 Billion Moving Contract Off to Slow Start

A $17.9 billion contract to move military members and their families finally took effect this summer. So far, however, just 100 or so local moves have been completed by local moving companies.

September 5, 2024
Business, Technology, Equipment, Safety, Tradeshows

TMC Heads Back to Raleigh With Revamped Competitions

The event, scheduled for Sept. 15-19, will take place in Raleigh, N.C., a city that’s hosted a number of TMC gatherings in the past — most recently in 2019.

September 5, 2024
Government, Business, Safety, Logistics

Drought Shrivels Mississippi River, Threatening Food Exports

Drought across the central U.S. is shrinking the Mississippi River, sending barge rates soaring and threatening to roil shipments of everything from corn to gasoline.

September 5, 2024
Business, Fuel

OPEC+ Agrees to Pause Oil Supply Increase After Price Rout

OPEC+ clinched a deal to pause its planned oil output hike for two months after prices plunged amid fragile demand.

September 5, 2024
Business, Private, Top 100

Private Fleets Ship Record 75% of Owners’ Outbound Freight

Prior to the past two years, the in-house market share had remained steady at the 67% level throughout the survey’s history, NPTC said.

September 5, 2024