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.

BusinessEquipmentFuel

Tesla Taps European Stainless Steel Producer for Cybertruck

Tesla Inc. is sourcing some stainless steel panels for the exterior of its new Cybertruck from Finnish supplier Outokumpu Oyj, which has worked to accommodate the electric vehicle’s unconventional design, according to people familiar with the matter.

October 11, 2023
Business

KAG Acquires Liquid Bulk Carrier Idaho Milk Transport

Kenan Advantage Group has acquired Idaho Milk Transport, the company announced Oct. 11. The deal expands KAG's reach in the Pacific Northwest. 

October 11, 2023
BusinessLogisticsTCA

Port of Savannah Seeks to Deepen Shipping Lane Again

SAVANNAH, Ga. — Just 18 months after crews finished the $1 billion dredging of the Savannah River channel, the Georgia Ports Authority wants to study deepening the shipping lane again.

October 11, 2023
BusinessEquipment

Navistar Relaunches Financial Services Retail Capabilities

Truck maker Navistar announced Oct. 4 that its financial services business is reintroducing retail capabilities to serve truck and bus customers.

October 11, 2023
GovernmentBusiness

ATRI Top Issues, Spear State of the Industry Lead MCE Agenda

American Trucking Associations’ annual Management Conference & Exhibition in Austin will showcase insight, perspective and analysis meant to boost understanding about the industry.

October 11, 2023
BusinessTechnologyEquipmentFuel

Shell Starship 3.0 Demo Runs Produce Lower Emissions

Shell announced the results from demonstration runs of its Shell Starship 3.0 truck that included a reduction of energy usage and carbon emissions.

October 11, 2023
BusinessTechnologyEquipment

China’s CATL, BYD Dominate EV Battery Market

Chinese companies are expanding their share of the U.S. and European electric car battery markets thanks to lower prices, cementing their domination of the industry globally.

October 11, 2023
GovernmentBusinessEquipmentSafety

Truck Drivers Who Fail Drug Tests: Where Are They Going?

FMCSA's  Drug and Alcohol Clearinghouse is taking drivers caught using drugs off the roads. However, several thousand remain in prohibited driving status after failing their drug tests.

October 11, 2023
BusinessFuel

Exxon Mobil to Purchase Pioneer Natural for $59.5 Billion

Exxon Mobil is buying Pioneer Natural Resources in an all-stock deal valued at $59.5 billion, its largest buyout since acquiring Mobil two decades ago, creating a colossal fracking operator in West Texas.

October 11, 2023
GovernmentBusinessFuel

Diesel Price Drops 9.5¢ to $4.498 a Gallon

The national average diesel price swung back down after last week’s mild uptick, shedding 9.5 cents to reach $4.498 a gallon, according to Energy Information Administration data Oct. 9.

October 10, 2023