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.

BusinessFuel

Hess Investors Vote in Favor of $53 Billion Chevron Takeover

Hess Corp. shareholders approved Chevron Corp.’s $53 billion takeover despite reservations among several prominent investors about a dispute with Exxon Mobil Corp. over a key asset.

May 28, 2024
BusinessFuel

Industry-Led ZEV Infrastructure Group Sees Membership Rise

LAS VEGAS — Powering America’s Commercial Transportation finalized its initial membership cohort in recent days with 24 founding members.

May 28, 2024
GovernmentBusinessLogistics

Update: Movers Group Seeks Review of $20B Contract for Military Moves

"Movers for America" is asking Congress to direct the U.S. Government Accountability Office to pause the $20 billion contract awarded to °®¶¹´«Ã½Safe Alliance, evaluate program for moving military members and their families.

May 28, 2024
BusinessTechnologyEquipmentFuel

Volvo to Begin Customer Hydrogen ICE Truck Tests in 2026

Volvo Group plans to begin testing trucks with hydrogen-powered internal combustion engines with customers in 2026 and launch commercial production toward the end of the decade.

May 28, 2024
GovernmentBusinessTechnologyPrivate

Shippers, Private Fleets Aim for Sustainability

LAS VEGAS — Despite higher costs, some shippers and carriers continue to invest in alternative fuels and zero-emission transportation to meet their corporate sustainability objectives.

May 28, 2024
BusinessFuelLogisticsFor-Hire

Penske Forms EV Infrastructure Advisory JV With Mitsui Unit

LAS VEGAS — Penske Transportation Solutions and ForeFront Power are teaming up for an electric vehicle infrastructure advisory joint venture to be known as Penske Energy, the partners said May 21.

May 28, 2024
BusinessTechnologyEquipmentSafety

Clarience Tech and ZF Forge Data-Sharing Alliance

Clarience Technologies and ZF launched a strategic alliance to share telematics data to improve the performance of fleet customers, the company announced May 20.

May 28, 2024
GovernmentBusinessFuel

Energy Transfer to Buy Permian Operator WTG for $3.3 Billion

U.S. pipeline giant Energy Transfer LP has reached a deal to buy WTG Midstream through a deal valued at about $3.25 billion.

May 28, 2024
BusinessLogisticsGlobal Freight

Trade Strains Boost Ocean Shipping Cargo Rates

Global goods trade is showing signs of accelerating after last year’s slump, pushing up shipping rates and giving some supply chain managers flashbacks to the demand spike three years ago.

May 28, 2024
BusinessTechnology

Toyota Shows ‘Engine Reborn’ With Green Fuel

Toyota announced that it would offer lean compact engines that also run on so-called green fuels like hydrogen and bioethanol, or get paired with zero-emission electric motors in hybrids.

May 28, 2024