Trucking Business News

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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.

BusinessTechnologyLogisticsTop 100

RXO Becomes Third-Largest Freight Broker With Coyote Deal

RXO has finalized its $1.025 billion acquisition of Coyote Logistics from UPS, a move that makes RXO the third-largest provider of brokered transportation in North America.

September 16, 2024
BusinessTechnology

Idea Leads to EV Charger Maintenance Business

LOS ANGELES — Kameale Terry saw it coming before almost anyone else did. She realized the expanding network of electric vehicle charging stations would need a workforce to maintain it.

September 16, 2024
BusinessEquipment

VW Weighs Cutting 15,000 Staff on Plant Closures

Volkswagen AG could force through decisions on plant closures this year, paving the way for more than 15,000 job cuts, according to analysts at Jefferies.

September 16, 2024
BusinessTechnologyPrivate

Jimmy Haslam Backs Initiative to Cut Heavy Industry Emissions

Cleveland Browns owner Jimmy Haslam’s family office HF Capital has committed $725 million to help launch an initiative aimed at decarbonizing heavy industry, it announced Sept. 16.

September 16, 2024
BusinessTechnologyEquipmentLogistics

Platform Science to Acquire Trimble’s Fleet Telematics Units

As part of the agreement, Trimble will take a 32.5% stake in Platform Science and receive a seat on Platform Science’s board of directors.

September 15, 2024
BusinessTechnologyEquipmentFuel

Daimler Broadens Global Platform of Electric Vehicles, Services

The company introduced a dedicated brand for its global charging infrastructure initiatives and broadened the scope of its financial services business.

September 15, 2024
GovernmentBusinessTechnology

House Passes GOP-Led Electric Vehicle Bill

The recent passage of legislation specific to EVs in the House is the latest effort from congressional Republicans pushing back on the Biden administration’s transportation agenda.

September 13, 2024
BusinessLogistics

New Norfolk Southern CEO Calls Last 18 Months ‘Brutal’

Norfolk Southern CEO Mark George says the railroad is ready for a fresh start after a painful 18-month period involving a derailment, an activist proxy fight and the ouster of his predecessor.

September 13, 2024
GovernmentBusiness

Decision on US Steel Deal May Come After Election

United States Steel Corp. surged the most this year after The Washington Post reported that President Joe Biden wouldn’t immediately move to block Nippon Steel Corp.’s takeover bid.

September 13, 2024
GovernmentBusinessTechnologySafety

NTSB Describes Effort to Douse Tesla Semi Fire

WASHINGTON — California firefighters had to douse a flaming battery in a Tesla Semi with about 50,000 gallons of water to extinguish flames after a crash, NTSB said Sept. 12.

September 13, 2024