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

Federal Reserve Officials Signal Cautious Path for Rate Cuts

WASHINGTON — With inflation still elevated, Federal Reserve officials expressed caution at their last meeting about cutting interest rates too quickly, adding to uncertainty about their next moves.

November 26, 2024
GovernmentBusiness

Citigroup: Trump Tariffs to Drive Up Aluminum, Steel Prices

President-elect Donald Trump’s plan to impose 25% tariffs on all goods from Canada and Mexico will push up steel and aluminum prices across the U.S., according to Citigroup analysts.

November 26, 2024
BusinessEquipment

Weather: Winter Season Brings Additional Compliance Challenges

Fleets seeking snow removal technology must consider factors such as multi-height equipment and yard space constraints, said Debora Babin Katz, vice president ofĀ TrucBrush, a company that manufactures a large, mobile brush to remove snow from trailers.Ā  Ā 

November 26, 2024
GovernmentBusinessEquipmentFuel

Stellantis Might Shutter UK Van Plant Over EV Rules

Stellantis had already threatened to pull the plug on its U.K. operations, warning about the impact of what it says are the country’s too stringent EV targets.

November 26, 2024
GovernmentBusiness

US Consumers More Confident About Jobs, Economy

A gauge of present conditions increased to an eight-month high. The group’s measure of expectations for the next six months edged to an almost three-year high.

November 26, 2024
GovernmentBusinessFuel

Exxon Exec Says Oil Output Won’t Surge Despite Trump Agenda

Oil and gas producers in the U.S. will not raise output significantly in the coming years despite calls from President-elect Donald Trump to ā€œdrill, baby, drill,ā€ said an Exxon executive.

November 26, 2024
GovernmentBusinessTechnologyEquipmentFuel

Newsom, Musk Clash Over California EV Incentive Plan

Gavin Newsom is positioning California as a foil to Donald Trump’s policies, laying the groundwork for resistance on everything from deportations to regulation rollbacks.

November 26, 2024
GovernmentBusinessTechnologyEquipmentFuel

Rivian’s $6.6 Billion Loan Advances EV Factory Timeline

The loan would come from the U.S. Energy Department’s Advanced Technology Vehicle Manufacturing program.

November 26, 2024
GovernmentBusiness

Trump Nominates Lori Chavez-DeRemer to Lead Labor Department

WASHINGTON — President-elect Donald Trump on Nov. 22 named Oregon Rep. Lori Chavez-DeRemer to lead the Department of Labor in his second administration.

November 25, 2024
GovernmentBusinessFuel

OPEC+ Has Little Room to Revive Oil Supply, Official Says

OPEC+ has little scope to reverse its oil production cuts, which have triggered a wave of rival supply from the U.S. shale industry, Iran’s representative to the group said.

November 25, 2024