Trucking Business News

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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

Exxon Confident Its Intent With Guyana Contract Will Prevail

Exxon Mobil Corp. is convinced its interpretation of intent in a Guyanese oil contract signed a decade ago will prevail in a landmark arbitration case against Chevron Corp.

March 22, 2024
BusinessTechnology

60 Seconds: Demand for Electric Power Takeoff Systems Is Growing

An ePTO will run “anything that goes on with the truck’s ignition key except the engine,” says Viatec Inc. CEO Mark Ferri, such as lights, air conditioning, powered accessories (like windows and seats), computers, hand tool chargers and communications equipment. 

March 22, 2024
BusinessEquipment

Stellantis to Cut 400 Jobs in US

Stellantis NV is cutting about 400 white-collar jobs in the U.S. as the maker of Jeep and Ram vehicles works to shift its product lineup toward electric cars.

March 22, 2024
GovernmentBusiness

Congress Approves $1.2 Trillion Package of Spending Bills

WASHINGTON — Congress approved a $1.2 trillion package of spending bills early on March 23 just a few hours after funding for some key federal agencies was set to expire.

March 22, 2024
BusinessLogisticsFor-Hire

Amazon Delivery Rival Pandion Secures Funding for Expansion

E-commerce logistics startup Pandion — which helps retailers like Saks Fifth Avenue compete with Amazon’s delivery — has secured $41.5 million in fresh funds to expand its operation.

March 22, 2024
BusinessFor-Hire

FedEx Plans $5 Billion Buyback of Shares

FedEx Corp. plans to buy back $5 billion of its shares as cost-cutting efforts have helped boost the courier’s profits as fiscal third-quarter earnings beat expectations.

March 21, 2024
BusinessTechnologyEquipmentLogisticsAutonomous

Uber Freight Bolsters Drop-and-Hook Solution Nationwide

Uber Freight has scaled up its drop-and-hook capacity solution nationally with new freight network optimization capabilities, the company announced March 21.

March 21, 2024
BusinessLogistics

Drought Threatens to Snarl Mississippi River Traffic Again

The Mississippi River is at risk of bottlenecks for a third straight year as warm, dry spring weather and low winter snowpack limit the amount of water feeding into it.

March 21, 2024
BusinessPrivate

Big Grocers Profited From Pandemic More Than Smaller Rivals

Large grocery retailers’ annual profits rose during the COVID-19 pandemic and have remained elevated since, which warrants deeper scrutiny, says a report by the Federal Trade Commission.

March 21, 2024
GovernmentBusiness

GOP Lawmaker Calls for Contractor Rule Suspension

Rep. Kevin Kiley is among a contingent of lawmakers advancing a congressional maneuver that would pause enforcement of a federal employee classification rule that affects truck drivers.

March 21, 2024