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.

Government, Business, Safety

NHTSA Investigates Ford for Bronco Sport Gas Leaks

DETROIT 鈥 NHTSA has opened an investigation into a Ford recall for gas leaks from cracked fuel injectors that can cause engine fires, saying in documents that the remedy doesn鈥檛 fix the leaks.

April 12, 2024
Government, Business, Fuel

IEA Warns Attacks on Russia Plants May Disrupt Diesel Market

The flurry of Ukrainian drone attacks on Russia鈥檚 oil refineries risks disrupting global markets for petroleum products, the International Energy Agency said.

April 12, 2024
Government, Business, Logistics

Update: Norfolk Southern to Pay $600M Settlement Over Derailment

Norfolk Southern has agreed to pay $600 million in a class-action lawsuit settlement related to a fiery train derailment in February 2023.

April 11, 2024
Government, Business, Safety

New West Virginia Law Countering Civil Suit Abuse Starts July 1

Starting July 1, noneconomic damage awards in civil lawsuits in West Virginia involving personal injury or wrongful death claims against CMVs will be no higher than $5 million.

April 11, 2024
Government, Business, Safety

Congressional Support Builds for Baltimore Aid

Congressional transportation leaders are expressing support for approving emergency assistance to rebuild a bridge and infrastructure after the collapse at the Port of Baltimore.

April 11, 2024
Business, Technology, Equipment

Ford Cuts Price of F-150 Lightning Pickup

Ford slashed prices of its electric F-150 Lightning pickup truck by as much as 7.5% as the automaker prepares to resume deliveries this month following a halt this year over a quality issue.

April 11, 2024
Business, Equipment, Logistics

Spot Market Rebalance Slows Amid Volatile Capacity

The spot market is struggling to rebalance as the rate of carriers exiting has slowed despite sluggish demand.

April 11, 2024
Business, Equipment, Breaking News

US Class 8 Truck Sales Fall Again in March

U.S. Class 8 retail sales continued to decline year-over-year in March, according to data from Wards Intelligence.

April 11, 2024
Business, Fuel

OPEC Says Oil Needs Monitoring Amid Summer Demand

Oil will need to be closely watched in the coming months to ensure 鈥渁 sound and sustainable market balance鈥 during an expected surge in demand, OPEC said in its monthly oil market report.

April 11, 2024
Business, Technology, Autonomous

Self-Driving Startup Wayve Expands to Vancouver

British autonomous driving startup Wayve Technologies Ltd. is opening a research center in Vancouver, adding its second location in North America to accelerate its growth.

April 11, 2024