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, Fuel

Chevron Buys Hess for $53 Billion

Chevron is buying Hess Corp. for $53 billion and it’s not even the biggest acquisition in the energy sector this month as major producers seize the initiative while oil prices surge.

October 23, 2023
Business, Safety

NTDC Champ Gragg Wilson Honored at MCE, Eyes 2024 Title Defense

NTDC Champ Gragg Wilson of UPS and Nevada reflects on his historic win this year after being honored at MCE 2023. 

October 22, 2023
Business, Safety

UPS’ Gragg Wilson Celebrated at MCE 2023 for NTDC Win

AUSTIN, Texas — Gragg Wilson, grand champion at this summer’s National Truck Driving Championships, touted the tournament’s focus on safety.

October 20, 2023
Business, For-Hire

Knight-Swift Reports 69% Earnings Drop in Q3

Knight-Swift Transportation Holdings Inc. on Oct. 19 reported that its third-quarter earnings dropped by 69% year-over-year, even as revenue increased.

October 20, 2023
Business, Technology, Equipment, Fuel, TCA

Rivian Opens Showroom in Georgia, Plans Factory

Electric vehicle maker Rivian opened a new retail and customer service space in the heart of Atlanta to showcase its vehicles and confirmed plans to break ground on a new Georgia factory.

October 20, 2023
Government, Business, Safety

New Texas CDL Training, Exam Site Seeks Students, Testers

A 20-acre truck driving center that is able to process 20,000 commercial driver license exams annually at a Texas community college is looking for out-of-state students and testing companies.

October 20, 2023
Business, Equipment

Trucking Economy May Land Softly, Mack’s Randall Says

AUSTIN, Texas — Mack Trucks North America President Jonathan Randall on Oct. 16 expressed hope the economy is heading for a “soft landing” instead of a more severe falloff.

October 20, 2023
Government, Business, Fuel

Middle East Crisis Could Disrupt Oil Supplies, Raise Prices

WASHINGTON — Fifty years after the 1973 Arab oil embargo, the current crisis in the Middle East has the potential to disrupt global oil supplies and push prices higher. 

October 20, 2023
Business, Technology, Fuel

Toyota Will Join Tesla’s EV Charging Network

Owners of Toyota and Lexus electric vehicles in North America will be able to charge on Tesla’s network starting in 2025, and the Japanese automaker also will start using Tesla’s EV connector.

October 19, 2023
Business, Logistics

CSX Quarterly Profit Falls 24%, but Efficiency Improves

OMAHA, Neb. — CSX reported a 24% drop in the railroad’s third-quarter profit Oct. 19 as it hauled 2% less freight, but the CEO said customers are noticing that its trains are running more smoothly.

October 19, 2023