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, Technology, Fuel

Biden Awards $62 Million to Help Speed Hydrogen Adoption

The Biden administration will award $62 million to accelerate development of the nation’s nascent hydrogen industry, seen as key for decarbonizing steel, cement and heavy transportation.

August 30, 2024
Government, Business, Logistics

Canadian Rail Union Says It Filed Suit on Back-to-Work Order

The Teamsters union that represents workers at both of Canada’s largest freight railroads has filed the lawsuits it promised challenging the orders that forced employees back to work.

August 30, 2024
Business, Logistics, Global Freight

Private Equity Gets Rare Support From Union on Schenker Sale

Verdi, Germany’s most powerful labor union, is making the unusual move of backing a private equity firm’s bid for Deutsche Bahn’s planned $15.5 billion sale of its Schenker logistics arm.

August 30, 2024
Government, Business

PCE Shows Price Pressures Easing as Rate Cuts Near

WASHINGTON — An inflation measure tracked by the Federal Reserve remained low, extending a trend of cooling price increases that clears the way for the Fed to start cutting its key interest rate.

August 30, 2024
Government, Business, Logistics

USPS Proposes Changes to Save $3 Billion a Year

The U.S. Postal Service wants to save $3 billion annually on changes that reflect its greater reliance on streamlined regional networks.

August 30, 2024
Business, Technology, Fuel

Sustainable Transportation: A Comprehensive Overview

Explore sustainable transportation in freight and logistics: key practices, challenges and innovations driving eco-friendly supply chains and urban delivery.

August 30, 2024
Business, Private

Tyson Foods Names Calaway CFO, Replacing Heir

Tyson Foods said Curt Calaway has been named chief financial officer, replacing company heir John R. Tyson.

August 29, 2024
Business, Equipment

Motion Industries Expands in Houston With New Center

Motion Industries, a provider of vehicle maintenance, repair and parts, will open a new service center in Houston in September.

August 29, 2024
Business

Nippon Steel to Boost Capital Commitment to US Steel Plants

HARRISBURG, Pa. — Nippon Steel Corp. raised its capital commitment Aug. 29 by more than $1 billion to spend on U.S. Steel’s plants.

August 29, 2024
Business, Logistics

What's That? NMFC

The NMFC system defines standard freight classes for carriers to measure the "transportability" of goods. It sorts freight into several categories, which are continuously amended by the National Motor Freight Traffic Association, Inc. (NMFTA).

August 29, 2024