U.S. President-elect Donald Trump is poised to order changes meant to encourage domestic oil and gas development immediately after his Jan. 20 inauguration.
December 17, 2024Trucking 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.
Economists Raise 2025 Inflation Forecasts on Tariff Worries
While economists expect the Fed to lower rates on Dec. 18 for a third straight meeting, they are now penciling in just three more quarter-point cuts in 2025.
December 17, 2024Delaware Opening Up CDL Testing to Third Parties
The Delaware DMV is inviting private companies to apply to become providers of third-party commercial driver license skill tests before the state launches this new capability next spring.
December 17, 2024Yellow, 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, 2024Black 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, 2024Lion 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, 2024Volkswagen 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, 2024Biden鈥檚 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鈥檛 in the public interest, according to sources.
December 16, 2024How the Freight Market Trough Defined 2024
鈥淭rucking is now in the longest and deepest freight down cycle since the 2007 global financial crisis,鈥 said C.H. Robinson's Michael Castagnetto. ATA data shows tonnage climbing slowly.
December 16, 2024US to Require Vehicles to Sound Alarms for Rear Seat Belts
DETROIT 鈥 Starting in September 2027, all new passenger vehicles in the U.S. will have to sound a warning if rear-seat passengers don鈥檛 buckle up.
December 16, 2024Trending
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