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.

Business, Equipment

Goodyear Names Stellantis’ Mark Stewart as CEO

Goodyear Tire & Rubber Co. named Stellantis NV executive Mark Stewart as CEO following a pressure campaign by shareholder activist Elliott Investment Management.

January 18, 2024
Government, Business, Safety, Fuel, Logistics

States Waive HOS for Fuel Deliveries Amid Severe Weather

Governors from several states have issued emergency proclamations waiving federal hours-of-service requirements for truckers carrying fuel, to prevent shortages in extreme weather.

January 18, 2024
Business, Logistics

Court Approves Sale of 23 Yellow Leased Terminals

The U.S. Bankruptcy Court for the District of Delaware approved the sale of 23 terminal leases owned by Yellow Corp. to six bidders for an aggregate price of $82.89 million, documents show.

January 17, 2024
Business, Logistics, Global Freight, TCA

Maersk, Hapag-Lloyd to Operate Some Ships as Joint Fleet

Global shipping giants Hapag-Lloyd and Maersk have struck a partnership deal to operate some of their ships as a joint fleet in the future, the companies announced Jan. 17.

January 17, 2024
Business, Equipment

Allison Transmission Employees Ratify Four-Year Labor Deal

Around 1,500 unionized employees at Allison Transmission Holdings on Jan. 16 ratified a revised four-year labor agreement, the United Auto Workers union Local 933 said Jan. 17.

January 17, 2024
Business, Fuel, TCA

Haslam Family Sells Last 20% of Pilot to Berkshire Hathaway

Warren Buffett’s Berkshire Hathaway has officially bought the last 20% of Pilot Travel Centers that it didn’t already own from the Haslam family.

January 17, 2024
Business, Technology, Equipment

Schaeffler Pushes Toward Class 8 With Electric Drivetrain

LAS VEGAS — Component maker Schaeffler is developing an electric axle, motor and battery drivetrain package for North American commercial vehicles, up to and including Class 8 trucks.

January 17, 2024
Government, Business, Equipment

Court Rejects VW’s Plan to Fix Engines With Software Update

Volkswagen AG lost another lawsuit in a German court over its software fix for engines in the wake of the diesel scandal that tarnished the reputation of Europe’s biggest carmaker.

January 17, 2024
Government, Business, Technology, Equipment, Safety

FMCSA Weighs Carrier Fitness Determination Rewrite

The Federal Motor Carrier Safety Administration is reviewing six research papers as it weighs revision of its motor carrier safety fitness determination rules, the agency said.

January 17, 2024
Government, Business, Technology, Equipment, Safety

Car Safety Systems Less Effective in Detecting Trucks

Better front crash prevention technology in passenger cars could prevent 5,500 rear-end accidents with medium and heavy trucks, according to the Insurance Institute for Highway Safety.

January 17, 2024