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.

GovernmentBusinessTechnology

South Korean Companies Reconsider Plants in US Over Trump

South Korean companies are reconsidering their $54 billion investment blitz to build EV battery plants in the U.S. over concerns President-elect Donald Trump could undo tax credits for EVs.

December 9, 2024
GovernmentBusiness

Nippon Steel Clarifies Spending Pledge

Nippon Steel clarified its spending plans at U.S. mills owned by U.S. Steel Corp. as part of last-ditch efforts to win over workers and politicians for its bid to buy the steelmaker.

December 9, 2024
GovernmentBusinessSafety

EPA Hails 'Revitalized' Enforcement Efforts Under Biden

WASHINGTON 鈥 The EPA enhanced enforcement efforts in 2024, doubling financial penalties issued to polluters and issuing the first arrest for a climate change-related crime, the agency said.

December 6, 2024
BusinessTechnologyEquipmentFuel

Bus, Truck Maker Lion Electric Sells Facility to Raise Funds

Days after laying off 400 staff and halting production at its Joliet, Ill., bus manufacturing plant, Lion continued its ongoing fundraising push with the building sale.

December 6, 2024
GovernmentBusinessTechnologyEquipmentGlobal Freight

Postal Service Head Says Aging Trucks Need Upgrades

Postmaster General Louis DeJoy said the Postal Service needs to replace aging trucks, and he wasn鈥檛 aware of an effort by the incoming presidential administration to cancel plans to buy EVs.

December 6, 2024
GovernmentBusinessTechnologySafety

US Agencies Issue Guide to Thwart Cyberthreats From China

Guide recommendations will help network engineers and security personnel strengthen visibility and harden network devices against bad actors affiliated with China.

December 6, 2024
GovernmentBusiness

Nippon Steel Eyes Overseas Market in Bid for US Steel

KASHIMA, Japan 鈥 The signs at Nippon Steel read: 鈥淭he world through steel,鈥 underlining why Japan鈥檚 top steelmaker is pursuing its $15 billion bid to acquire U.S. Steel.

December 6, 2024
GovernmentBusiness

Canada to Open Alaska Consulate to Deepen Arctic Partnership

Canada will establish two new Arctic consulates in Alaska and Greenland and appoint a dedicated Arctic ambassador as part of a long-awaited strategy.

December 6, 2024
BusinessFuel

Chevron Slows Permian Growth in Hurdle to Trump Oil Plan

Chevron plans to slow production growth in the biggest U.S. oil field next year in the most definitive sign yet that President-elect Donald Trump faces an uphill battle to ramp up energy output.

December 6, 2024
GovernmentBusiness

US Added a Strong 227,000 Jobs in November

WASHINGTON 鈥 America鈥檚 job market rebounded in November, adding 227,000 workers in a solid recovery from the previous month.

December 6, 2024