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January 1, 2024Trucking 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.
Eight-Week Streak Ends With Diesel Average Rising 2¢
A spike in prices in the eastern half of the U.S. led to the first weekly national diesel average increase in nine weeks, with a two-cent spurt to $3.914 a gallon.
December 26, 2023TFI to Buy Daseke for $1.1 Billion
TFI International Inc., a Canadian carrier that has been growing through acquisitions, announced plans to purchase flatbed specialist Daseke Inc. for $1.1 billion, including debt.
December 22, 2023Estes Is High Spender on Yellow Terminals in Latest Auction
Estes Express Lines was the high spender in the latest round of bidding for freight terminals owned or leased by bankrupt less-than-truckload carrier Yellow Corp., court documents show.
December 21, 2023BWT Logistics Purchases North Carolina-Based 3PL IET
BWT Logistics is set to acquire Lowell, N.C.-based third-party logistics specialist International Express Trucking for an undisclosed sum.
December 21, 2023PMTA Leads Innovative Pennsylvania Truck Parking Report
Pennsylvania transportation planners broke new ground to identify concrete steps and priority locations for new truck parking spots in a report spearheaded by the state’s top trucking group.
December 21, 2023Hub Group Buys Forward Air Final-Mile Unit for $262 Million
Hub Group Inc. is set to buy the final-mile unit of Forward Air Corp. for about $262 million in cash, Oak Brook, Ill.-based Hub Group said.
December 21, 2023Hydrogen Hubs Central to State Government Action in 2023
Federal funding for hydrogen fuel hubs and competition for economic development projects were central themes among state governments in 2023.
December 21, 2023US Weighs More Tariffs on Chinese Goods, Including EVs
President Joe Biden’s administration is weighing a tariff increase on Chinese electric vehicles and other goods, according to people familiar with the matter.
December 21, 2023US Carmakers Hit Record Gas Mileage, but Below Fuel Standard
U.S. automakers achieved a record average of 26 miles per gallon for vehicles made in the 2022 model year, but still fell short of current fuel standards, according to EPA data on Dec. 20.
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