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.

GovernmentBusiness

Trump Taps Peter Navarro as Trade Counselor

President-elect Donald Trump tapped Peter Navarro as his senior counselor for trade and manufacturing, elevating him to a role similar to the one he played in the first Trump administration.

December 4, 2024
GovernmentBusinessFuel

Volatility Retreats in Crude Oil Market

With OPEC+ set to make a pivotal decision on production policy, oil prices remain resolutely rangebound, even with a second Donald Trump presidency imminent.

December 4, 2024
GovernmentBusinessEquipment

Losses in China Lead to $5 Billion Charge for GM

DETROIT — The poor performance of General Motors’ Chinese joint ventures is forcing the company to write down assets and take a restructuring charge totaling more than $5 billion in Q4.

December 4, 2024
BusinessLogisticsTop 100

GXO CEO Wilson to Step Down as Company Spurns Sale Offers

GXO Logistics announced Dec. 3 that CEO Malcolm Wilson plans to retire in 2025, but he will continue to lead the company during the search for a successor.

December 3, 2024
GovernmentBusinessSafety

Texas Supreme Court Hears Werner’s $100M Verdict Appeal

Werner attorney Thomas Wright told the court that driver Shiraz Ali could not have foreseen that a pickup truck would suddenly cross an icy divided highway and strike the carrier’s truck.

December 3, 2024
BusinessFuel

Exxon Taps Low Carbon Chief to Lead Key Oil and Gas Division

Exxon Mobil Corp. named Dan Ammann as head of its upstream oil and gas business, putting its low carbon president in charge of its most profitable division.

December 3, 2024
GovernmentBusinessSafety

Snowstorm Heads for Great Lakes Region Again

Even more snow could be on the way for places in the Great Lakes region that are still digging out after days of storms caused deadly wrecks and buried some towns under nearly 6 feet of snow.

December 3, 2024
BusinessLogisticsPrivate

Tally of US Shoppers Slipped During Thanksgiving Weekend

Fewer Americans shopped during Thanksgiving weekend this year, a sign that consumers remain selective about spending.

December 3, 2024
BusinessTechnology

Mach in Talks to Help Rescue Electric Vehicle Maker Lion

Mach Capital, the investment arm of Canadian real estate developer Groupe Mach, is in discussions to provide more funding to cash-strapped electric bus and truck manufacturer Lion Electric.

December 3, 2024
GovernmentBusinessLogistics

Small Business Owners Brace for Trump’s Proposed Tariffs

Small businesses are bracing for stiff tariffs that President-elect Donald Trump has proposed as one of his first actions when he takes office.

December 3, 2024