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.

GovernmentBusinessFuel

OPEC’s Quick Fix Masks Bigger Worry: Too Much Oil Next Year

OPEC+ has staved off an oil surplus this year by deciding to restrain production a little longer. But the temporary fix won’t hold back the supply glut awaiting global markets in 2025.

September 6, 2024
BusinessTechnologyAutonomous

Intel Is Exploring Sale of Part of Stake in Mobileye

Intel is considering options for its stake in its struggling automated driving systems provider Mobileye as part of a major strategy overhaul, people with knowledge of the matter said. 

September 6, 2024
BusinessTechnologyEquipmentAutonomous

How Self-Driving Trucks Could Create New Jobs

As autonomous truck developers move ­closer to deploying fully driverless on-highway tractors, they are also pioneering a set of new, specialized job functions.

September 6, 2024
GovernmentBusiness

Hiring Rebounds in August in Sign of Slowing Job Market

WASHINGTON — Hiring by America’s employers picked up a bit in August from July’s sluggish pace, and the unemployment rate dipped in a sign that the job market may be cooling but remains sturdy.

September 6, 2024
GovernmentBusinessTechnologySafetyAutonomous

California Passes Similar AV Legislation Vetoed Last Year

For the second straight year, California lawmakers forwarded legislation to the governor that would require drivers to be in the cab during the testing of autonomous heavy trucks in the state.

September 5, 2024
GovernmentBusinessFuel

US Imposes Sanctions on Two More Vessels Tied to Russian LNG

The U.S. has sanctioned two more vessels along with two related shipping companies in its latest effort to block Russian liquefied natural gas exports from the Arctic.

September 5, 2024
GovernmentBusinessFuel

Trump Eyes Energy Emergency to Push Gasoline Below $2

A goal of sub-$2 gasoline, last seen during the pandemic shutdown that caused demand to collapse, would be difficult to achieve, since presidents have little control over pump prices.

September 5, 2024
GovernmentBusinessSafety

Buttigieg Announces $1 Billion for Transportation Safety

Transportation Secretary Pete Buttigieg recently announced a new wave of funding aimed at improving transportation safety around the country.

September 5, 2024
GovernmentBusinessSafetyLogisticsFor-Hire

Michigan to Allow Hazardous Transport on Ambassador Bridge

The decision, repealing measures in place since 2014, follows a six-month review of input from the public, law enforcement and first responders.

September 5, 2024
BusinessEquipmentFor-HireTop 100

Yellow Submits Final Chapter 11 Plan, Seeks Creditor Deal

The administrators are disputing the size of withdrawal liability claims from Central States Pension Fund and other multiemployer pension funds.

September 5, 2024