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

Buttigieg Celebrates Infrastructure Law as ā€˜Big Deal’

President Joe Biden and Secretary Pete Buttigieg celebrated a round of grants for transportation projects to help mark the third anniversary of the Infrastructure Investment and Jobs Act.

November 19, 2024
GovernmentBusinessTechnologyFuel

Trump Targets Auto Mileage Rules He Blasted as ā€˜EV Mandate'

The incoming Trump administration is looking to slash fuel-efficiency requirements for new cars and light trucks as part of plans to unwind Biden policies he has blasted as an ā€œEV mandate."

November 19, 2024
BusinessLogisticsBreaking News

ATA Truck Tonnage Rises 1.2% Sequentially in October

The freight market showed renewed signs of recovery in October after stumbling in September, American Trucking Associations reported.

November 19, 2024
GovernmentBusinessFuel

Florida Man Facing Federal Prison Time for Biofuel Fraud

A Florida man is facing up to five years in federal prison after pleading guilty to wire fraud and filing false claims after overstating biodiesel credits that were reported to the IRS and EPA.

November 19, 2024
BusinessTechnology

CATL in Early Talks on EV Battery Recycling in Europe

CATL is in talks to establish battery recycling operations in Europe, adding to its footprint in the region as the company prepares to start cell production in Hungary.

November 19, 2024
GovernmentBusinessTechnologyAutonomous

Autonomous Helicopters Focus on Agriculture

Rotor Technologies has built two autonomous Sprayhawk helicopters and aims to have as many as 20 ready for market next year.Ā For now, Rotor is focused on the agriculture sector.

November 19, 2024
BusinessTechnologyFuel

Voltera Raises $50 Million to Boost Expansion Plans

Voltera also raised $100 million in debt financing in August. The funds will also be used for building out the company’s planned network of charging sites.

November 19, 2024
GovernmentBusinessFuel

Oil Glut Set to Thwart Trump’s Call to ā€˜Frack, Frack, Frack’

President-elect Donald Trump’s vows to ā€œfrack, frack, frackā€ are about to collide with a global crude glut that’s set to, finally, temper record shale production.

November 19, 2024
BusinessPrivate

Low Prices Boost Walmart in Q3

NEW YORK — Walmart ratcheted up sales and profits again in the third quarter with its comparatively low prices proving a powerful draw for shoppers seeking to cut spending where they could.

November 19, 2024
GovernmentBusiness

Trump Chooses Former Congressman Sean Duffy for DOT Chief

Under Trump, DOT will take a lead role in reshaping federal infrastructure investment to align with the priorities of the incoming president and Republican congressional leaders.

November 18, 2024