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.

BusinessPrivateTop 100

Mondelez Approves $9 Billion Buyback After Hershey Report

Mondelez International approved a stock repurchase authorization of as much as $9 billion, days after a report that the company was exploring an acquisition of chocolate maker Hershey.

December 11, 2024
BusinessTechnologyAutonomous

Mobileye to Use Innoviz Lidar for Self-Driving Systems

Mobileye will use laser sensors made by Innoviz Technologies for the autonomous driving system it supplies to vehicle manufacturers, a potential revenue boost for the upstart.

December 11, 2024
GovernmentBusiness

Consumer Prices Rise 0.3% in November

WASHINGTON — Fueled by pricier used cars, hotel rooms and auto insurance, inflation in the United States moved slightly higher last month while remaining far below its peak of two years ago.

December 11, 2024
GovernmentBusiness

Biden Signals Plan to Block US Steel-Nippon Deal

The president plans to formally block the $14.1 billion sale on national security grounds once the deal is referred back to him later this month, people familiar with the matter said.

December 10, 2024
BusinessTechnologySafetyAutonomous

GM to Wind Down Robotaxi Operations Championed by CEO Barra

General Motors Co.’s Cruise self-driving car unit will exit the robotaxi business, a retreat from a market that proved costly and full of reputational pitfalls for the automaker.

December 10, 2024
GovernmentBusinessPrivateTop 100

Kroger’s $24.6 Billion Albertsons Deal Blocked by Judge

A judge blocked Kroger's $24.6 billion acquisition of Albertsons Cos., finding the takeover would lessen competition for grocery shoppers in a ruling that marks a likely death knell for the deal.

December 10, 2024
GovernmentBusinessEquipment

Luxembourg-Based Faymonville Picks Arkansas for US Factory

The company specializes in oversized-load and special transport equipment, including semi-lowloaders, flatbed trailers, lowbed trailers and drawbar trailers.

December 10, 2024
BusinessPrivateTop 100

Mondelez’s Takeover of Hershey Would Rank as Top 2024 Deal

Snack-food giant Mondelez International’s potential takeover of chocolate maker Hershey Co. would rank as the year’s top M&A deal.

December 10, 2024
BusinessTechnology

The Road Ahead: 2025 Trucking and Fleet Insights

Program Airs: December 10, 2 p.m. ET Mike Precia, Rob Abbott, and David O’Neal discuss the key findings in Fleetworthy’s exclusive industry report based on a survey of more than 300 fleet operators and independent truckers.

December 10, 2024
GovernmentBusinessFuel

US Sees Small Global Oil Deficit in 2025

The U.S. reversed its forecast for a crude glut next year and is now calling for a small oil-market deficit.

December 10, 2024