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

Schumer Wants FTC to Examine Exxon, Chevron Acquisitions

Senate Majority Leader Chuck Schumer is urging the Federal Trade Commission to look into whether Exxon Mobil and Chevron’s proposed oil and gas acquisitions could violate antitrust laws.

November 1, 2023
BusinessTechnologyEquipment

Tevva, ElectricaMeccanica End Partnership

Plans to build a hybrid electric and hydrogen-powered Class 8 truck floundered in recent days as startup merger partners Tevva Motors Ltd. and ElectraMeccanica Vehicles Corp. parted ways.

November 1, 2023
GovernmentBusinessSafety

USDOT Grants $82.6 Million for Road Safety in 46 States

The U.S. Department of Transportation announced it awarded $82.6 million in road safety planning grants to 46 states, including projects involving truck freight.

November 1, 2023
BusinessTechnologyEquipment

Toyota’s Profits Zoom on Cheap Yen, Strong Global Sales

TOKYO — Toyota’s July-September profit jumped nearly threefold from a year ago as vehicle sales grew around the world and a cheap yen boosted the Japanese automaker’s overseas earnings.

November 1, 2023
GovernmentBusinessTechnology

Business Group Estimates 403,000 Clean-Energy Jobs From IRA

A nonpartisan group that advocates for clean energy estimates that 403,000 jobs will be created by the 210 major energy projects announced since the Inflation Reduction Act took effect.

November 1, 2023
GovernmentBusinessTechnologySafetyAutonomous

Tesla Wins First Jury Trial Over Fatal Autopilot Crash

Tesla Inc. convinced a California jury that its Autopilot technology wasn’t responsible for a crash that killed a California driver four years ago, the jury announced on Oct. 31.

October 31, 2023
GovernmentBusinessLogisticsGlobal FreightTCA

Georgia Port Expanding to Become Country’s Largest Auto Port

On Oct. 30, Georgia Ports Authority CEO Griff Lynch highlighted expansion projects that will allow the Port of Brunswick to surpass Baltimore as the nation’s top port for automobile shipping as early as 2026.

October 31, 2023
BusinessLogistics

September Container Volume Shows Ports on Rebound

Two of the nation’s largest ports on the Pacific Coast bounced back in September with strong container volume numbers.

October 31, 2023
BusinessEquipment

Allison Transmission Third-Quarter Profit Rises 14%

Allison Transmission Holdings posted net income of $158 million in the third quarter of 2023, an increase of 14% from $139 million in the same period in 2022, the company said Oct. 25.

October 31, 2023
GovernmentBusinessEquipmentFor-HireTCA

Jack Cooper Making $2 Billion Bid for Bankrupt Yellow

Jack Cooper Transport is reportedly making a nearly $2 billion bid to snatch up the assets of Yellow, the trucking firm that collapsed in late July and filed for bankruptcy.

October 31, 2023