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, Equipment

Volvo, Cummins, ZF Win Electric Truck Manufacturing Grants

The Biden administration is set to award Volvo Group, Accelera by Cummins and ZF North America a combined $441 million in grants to upgrade manufacturing facilities.

July 11, 2024
Business, Private

Costco Hikes Annual Membership Fee for First Time Since 2017

Costco Wholesale Corp. is boosting its basic membership fee for the first time since 2017, raising the charge to $65 a year from $60.

July 10, 2024
Government, Business, Fuel

Vitol, SK Settle California Fuel Rigging Probe for $50M

California Attorney General Rob Bonta said the state reached a settlement with Vitol and SK Energy Americas after it alleged the firms acted together to manipulate local gasoline markets.

July 10, 2024
Government, Business

Senate Republicans Push Back on Overtime Rule

Efforts to chip away at acting Secretary Julie Su’s agenda at the Department of Labor remain a priority for congressional Republicans.

July 10, 2024
Government, Business, Technology

Construction Begins on Truck Battery Cell Manufacturing Plant

Construction of Amplify Cell Technologies’ battery cell manufacturing plant in Marshall County, Miss., has begun, the joint venture among Accelera, Daimler Trucks and Paccar said.

July 10, 2024
Business, Private

ADM Taps 3M CFO as Troubled Trader Seeks Return to Normalcy

Archer-Daniels-Midland Co. — working to put an accounting scandal behind it — has hired a 3M Co. executive to oversee its finances and help restore its credibility with shareholders.

July 10, 2024
Business, Technology

Trucking Fleets List Operational Costs as Top 2024 Priority

The trucking industry cited total cost of ownership as its top concern for 2024, Shell Fleet Solutions and NAFA Fleet Management Association found in a survey June 27.

July 10, 2024
Business, Logistics

REPLAY: Navigating the Truck Parking Issue

Ensuring that professional drivers have access to ample truck parking is not merely a matter of convenience – it’s both a safety issue and a productivity issue. Lisa Mullings, president and CEO of NATSO, joins Seth Clevenger to discuss the truck parking issue, the future of truck stops and her takeaways from a recent ride-along with a professional truck driver.

July 10, 2024
Government, Business, Safety

Secretary Pete Buttigieg Promotes Truck Parking

WASHINGTON — Following a hearing with House lawmakers, Secretary Pete Buttigieg said enhancing parking availability for commercial vehicles remains central to his department’s agenda.

July 10, 2024
Business, Technology, Autonomous

Flying Taxi Startup Lilium Close to Saudia Order

Lilium NV is close to selling 100 electric flying taxis to Saudi Arabia’s state-owned airline, formalizing a framework deal arranged in late 2022.

July 10, 2024