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.

GovernmentBusinessFuel

Nevada Lands Renewable Diesel Production, Distribution Hub

Nevada Gov. Joe Lombardo approved $11.7 million in tax abatements for Edgewood Renewables to help it create a biofuel refinery hub that would produce renewable diesel and sustainable aviation fuel.

January 31, 2024
BusinessTop 100

ODFL Reports Slight Revenue Bump to $1.5 Billion for Q4

Old Dominion Freight Line experienced nearly flat earnings and a slight revenue bump to $1.5 billion during the fourth quarter of 2023, the company reported Jan. 31.

January 31, 2024
GovernmentBusinessTCA

Oregon Trucking Stakeholders Sue State Over Road Taxes

The Oregon Trucking Association, along with three trucking firms, has sued the state and its top politicians, alleging that truckers have been charged more than their share of road taxes.

January 31, 2024
BusinessLogisticsGlobal FreightTCA

Container Boom Leads to Q4 Earnings Dip at Hapag-Lloyd

HAMBURG, Germany — The sharp drop in freight prices following the pandemic has caused a slump in sales and profits at German container shipping company Hapag-Lloyd.

January 31, 2024
BusinessSafety

Drivers Raise Funds to Help Ailing NTDC Competitor Singelais

With the start of the National Truck Driving Championships qualifiers a couple of months away, elite truck drivers from New England are calling for colleagues’ support for one of their own.

January 30, 2024
GovernmentBusinessFuel

FHWA Releases Grants for Electric Truck Chargers

While federal officials were touting the latest round of electric charging infrastructure grants for cars in rural and other communities nationwide, there also was modest good news for trucking.

January 30, 2024
GovernmentBusinessFuel

Texas Oil Regulators Ask State to Sue EPA Over Methane Rule

Texas regulators on Jan. 30 formally asked the state’s attorney general to challenge the Biden administration’s rule that seeks to lower emissions from the oil and gas sector.

January 30, 2024
BusinessLogisticsGlobal Freight

Georgia Ports Handled Record Number of Automobiles in 2023

SAVANNAH, Ga. — The Georgia Ports Authority said that it moved a record number of automobiles across its docks in Brunswick in 2023, while goods sent to Savannah in containers declined 16%.

January 30, 2024
GovernmentBusinessTechnologyEquipmentLogisticsGlobal Freight

Freight Elite Struggle to Hit Climate Goals as Demand Surges

Although there are signs of progress, the largest delivery companies have scaled back climate pledges and the industry isn’t keeping pace with climbing emissions from a global demand surge.

January 30, 2024
GovernmentBusinessFuel

Diesel Price Increase of 2.9¢ Lifts National Average to $3.867

The diesel price pendulum has swung forward this week with a 2.9-cent national average increase, according to data released Jan. 29 by the Energy Information Administration.

January 30, 2024