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.

BusinessTechnology

Mach in Talks to Help Rescue Electric Vehicle Maker Lion

Mach Capital, the investment arm of Canadian real estate developer Groupe Mach, is in discussions to provide more funding to cash-strapped electric bus and truck manufacturer Lion Electric.

December 3, 2024
GovernmentBusinessLogistics

Small Business Owners Brace for Trump’s Proposed Tariffs

Small businesses are bracing for stiff tariffs that President-elect Donald Trump has proposed as one of his first actions when he takes office.

December 3, 2024
GovernmentBusinessEquipmentSafety

GM Adds Over 132,000 Heavy-Duty Pickups to Recall

DETROIT — General Motors is adding over 132,000 heavy-duty pickups to a previous recall for tailgate release switches that can short circuit and open the gates while the trucks are in park.

December 3, 2024
GovernmentBusiness

Trump Remains Opposed to US Steel Sale

President-elect Donald Trump reiterated his opposition to the sale of U.S. Steel Corp. to Nippon Steel Corp., saying he’d instead use tariffs and tax incentives to revive the steelmaker.

December 3, 2024
BusinessFuel

OPEC+ Firms Up Deal for Three-Month Delay to Output Hike

OPEC+ is making progress toward an agreement to delay its oil-production revival by another three months, delegates said.

December 3, 2024
GovernmentBusinessSafetyTCA

I-95 Bridge in Connecticut Reopens Months After Fiery Crash

NORWALK, Conn. — Exactly seven months after a blaze consumed the Fairfield Avenue overpass spanning Interstate 95, the bridge reopened to traffic in roughly half the expected time.

December 3, 2024
BusinessPrivateTop 100

Tyson to Shut Kansas Plant as US Beef Shortage Erodes Profit

Tyson Foods will shut a meat plant in Kansas next year, eliminating 809 jobs, as the company seeks to slash costs amid a downturn in the beef industry.

December 2, 2024
BusinessTechnologyFuel

General Motors to Sell Its Stake in Michigan Battery Factory

DETROIT — General Motors has reached an agreement to sell its stake in a nearly completed electric vehicle battery plant in Lansing, Mich.

December 2, 2024
BusinessPrivate

Cargill to Cut Thousands of Jobs After Profits Shrink

Cargill Inc. is cutting thousands of jobs globally after the largest privately held company in the U.S. missed profit targets.

December 2, 2024
GovernmentBusinessTechnologyFuel

Germany Assumes $629M in Northvolt Debt After Insolvency

Germany will assume more than 600 million euros ($629 million) of debt that its development bank extended to Northvolt AB for the construction of a battery plant in the country.

December 2, 2024