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.

BusinessLogisticsFor-Hire

Yellow, Pension Funds' Claims Battle to Extend Through Q1

Oral arguments on dispositive motions related to the claims by 11 pension funds are now set to take place at a Jan. 28 hearing at the Delaware Bankruptcy Court.

December 17, 2024
Business

Black Friday, Auto Discounts Boost US Retail Sales 0.7%

The value of retail purchases, not adjusted for inflation, increased 0.7% after upward revisions to the prior two months, Commerce Department data showed Dec. 17.

December 17, 2024
BusinessTechnologyFuel

Lion Electric Wins Court Protection From Creditors

After winning breathing room with its bankers to look for additional funding earlier in December, Lion said it failed to raise any cash and was now in default on debt repayments.

December 17, 2024
GovernmentBusinessEquipment

Volkswagen Negotiations Stumble Over Layoffs and Wages

If insufficient progress is made on a deal by early Dec. 18, the board of union IG Metall is prepared to hold a vote at the end of the week to pave the way for 24-hour walkouts.

December 17, 2024
GovernmentBusinessFuel

Biden’s LNG Study to Stop Short of Halting New Exports

A study of liquefied natural gas exports by the Biden administration is expected to stop short of saying the approval of more shipments isn’t in the public interest, according to sources.

December 16, 2024
BusinessLogistics

How the Freight Market Trough Defined 2024

“Trucking is now in the longest and deepest freight down cycle since the 2007 global financial crisis,” said C.H. Robinson's Michael Castagnetto. ATA data shows tonnage climbing slowly.

December 16, 2024
GovernmentBusinessTechnologySafety

US to Require Vehicles to Sound Alarms for Rear Seat Belts

DETROIT — Starting in September 2027, all new passenger vehicles in the U.S. will have to sound a warning if rear-seat passengers don’t buckle up.

December 16, 2024
GovernmentBusinessTechnologySafetyLogisticsGlobal Freight

Amazon Rejects Senate Report on Workplace Safety Standards

Amazon has long been a target of worker’s rights advocates and labor unions, who say the company pushes its employees too hard in the name of getting packages to customers quickly.

December 16, 2024
GovernmentBusiness

Watch: Appeals Court Approves Controversial Truck Tolling Plan in Rhode Island

A federal appeals court has ruled that Rhode Island may reinstate its controversial truck-only tolling program, but deemed unconstitutional a set of caps that set limits on collection amounts.   

December 16, 2024
GovernmentBusinessTechnology

SoftBank to Invest $100 Billion in US After Trump Win

The plan includes a pledge to create 100,000 jobs focused on artificial intelligence and related infrastructure, including investments in data centers, semiconductors and energy.

December 16, 2024