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.

BusinessEquipment

VW Scraps German Jobs Guarantee to Cut Costs

Volkswagen is ending job protections for auto workers in Germany as part of its cost-cutting push, setting up a showdown with unions.

September 10, 2024
BusinessLogisticsFor-HireTCA

UPS to Acquire German Cold Chain Company

UPS is acquiring a German firm that specializes in temperature-sensitive shipping to expand its health care logistics capabilities in Europe, the company announced Sept. 10.

September 10, 2024
BusinessLogisticsFor-HireTCA

UPS to Lay Off More Employees to Boost Profitability

UPS Inc. is laying off more of its employees, after earlier this year announcing it was cutting 12,000 jobs in its management ranks.

September 10, 2024
GovernmentBusinessSafety

Most Households Accept East Palestine Derailment Settlement

Very few people who live near the East Palestine, Ohio, train derailment opted out of a $600 million class action settlement.

September 10, 2024
BusinessFuel

World’s Top Oil Traders See Boom Years Fade

The world’s top commodity merchants are grappling with a tougher environment for trading oil as seismic market events of the past few years start to lose their impact.

September 10, 2024
BusinessLogisticsGlobal Freight

MSC CEO Soren Toft Rules Out New Shipping Alliance

MSC Mediterranean Shipping Co. plans to brave volatile shipping markets on its own, ruling out a new alliance just months before its partnership with A.P. Moller-Maersk A/S ends.

September 10, 2024
GovernmentBusinessEquipmentSafety

Jury Issues $462 Million Verdict Against Wabash After Crash

Wabash National Corp. said it is reviewing its legal options after a jury handed down $462 million in damages against the trailer manufacturer after a fatal crash.

September 9, 2024
BusinessEquipment

Port of Galveston Expands to Boost Cargo Capacity by 2026

A $90 million Port of Galveston infrastructure project launched this summer aims to add 30 acres and a long berth by 2026, enabling the Texas facility to handle one-third more cargo.

September 9, 2024
BusinessLogistics

What Is the Difference Between Reshoring and Nearshoring?

Explore reshoring vs nearshoring and see which strategy suits your supply chain. This short video breaks down the key differences, pros, and real‑world impact.

September 9, 2024
GovernmentBusinessSafetyFuel

Francine Heads for Gulf Coast; Oil Drillers Evacuate Crews

Francine is expected to lash parts of the Gulf Coast with powerful winds and heavy rain as it heads for a Sept. 11 landfall as a full-blown hurricane.

September 9, 2024