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.

Business, Fuel

Shale Executives See Takeovers Squeezing US Oil Production

U.S. oil production will decline if the corporate-acquisition spree sweeping the shale sector is prolonged, according to a Federal Reserve Bank of Dallas survey.

June 26, 2024
Government, Business, Safety

Vinn White Named FMCSA’s New Acting Leader

Vinn White, who already leads the Department of Transportation’s artificial intelligence effort, has been named acting leader of the Federal Motor Carrier Safety Administration.

June 26, 2024
Government, Business, Safety, Logistics

NTSB Chair Says Norfolk Southern Botched Vent-and-Burn Call

EAST PALESTINE, Ohio — The head of the National Transportation Safety Board said Norfolk Southern tried to interfere with the agency’s investigation into the East Palestine derailment.

June 26, 2024
Government, Business, Logistics

Industries Fearing a Port Strike Urge Biden to Revive Talks

Dozens of U.S. industry associations urged the White House to help restart talks between East and Gulf coast dockworkers and port operators, saying a strike is the last thing the economy needs.

June 26, 2024
Business, Logistics, For-Hire

FedEx’s Strong Profit Forecast Drives Stock Surge

FedEx Corp. forecast profit above Wall Street’s expectations and said it would buy back $2.5 billion of its stock over the next year.

June 26, 2024
Business, Technology, Fuel

Rivian to Form EV Venture With $5 Billion From Volkswagen

Volkswagen will invest $5 billion to form a joint venture with electric vehicle maker Rivian Automotive, throwing a lifeline to the startup and giving VW access to Rivian's technology.

June 25, 2024
Business, Technology, Safety, Autonomous

GM Hires CEO Whitten for Troubled Cruise Robotaxi Service

General Motors on June 25 named a veteran technology executive with roots in the video game industry to steer its troubled robotaxi service Cruise.

June 25, 2024
Government, Business, Equipment

Federal Regulators Hear Complaints About Predatory Towing

Trucking companies and towing service operators each got to air their grievances before federal regulators during a June 21 session on predatory towing practices.

June 25, 2024
Business, Logistics

What's That? Bill of Lading (BOL)

From a high level, a bill of lading is a required document to move a freight shipment. The bill of lading is legally binding and provides the driver and the carrier with all the details needed to process and invoice the freight shipment correctly.

June 25, 2024
Government, Business, Safety

Senators Introduce Anti-Trafficking Bill

Legislation designed to enhance the federal government’s efforts to combat human trafficking was recently introduced in the Senate.

June 25, 2024