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.

BusinessTechnologyEquipmentFuelLogistics

Utility Trailer Teams Up With Germany’s Schmitz Cargobull

Utility Trailer Manufacturing Co. unveiled plans Sept. 11 for a joint venture with Germany’s Schmitz Cargobull Corp. that will be known as Cargobull North America.

September 13, 2023
BusinessLogistics

Transportation Stakeholders See Slow Growth in 2024

LONG BEACH, Calif. — Shippers and transportation companies hope that the fall peak season pushes the industry out of the freight recession, an IANA Intermodal Expo panelist said Sept. 12.

September 13, 2023
GovernmentBusinessFuel

Diesel Issues Could Worsen Due to Lack of Crude From OPEC+

The diesel market is pricing in a crisis, one that soon could get even worse because of a lack of the type of crude that’s good for making the fuel.

September 13, 2023
BusinessEquipment

FTR’s Starks: Trailer Production to Trend Lower Through 2024

Production of trailers in the United States is set to decline for five consecutive quarters before increasing in the final three months of 2024, according to one expert.

September 13, 2023
BusinessEquipment

UAW May Consider Strikes at Small Number of Factories

DETROIT — Leaders of the United Auto Workers union are considering targeted strikes at a small number of factories if they can’t reach contract agreements by a Thursday night deadline.

September 13, 2023
GovernmentBusinessSafety

Union Pacific’s New CEO Won’t Rule Out Cuts

OMAHA, Neb. — Union Pacific’s new CEO, Jim Vena, says he won’t shy away from cuts, but no one should expect the kind of sweeping changes he made when he first oversaw operations a few years ago.

September 13, 2023
GovernmentBusinessEquipment

Hyundai Could Get $2.1 Billion in Aid to Make EVs in Georgia

SAVANNAH, Ga. — State and local governments are on track to give $2.1 billion in tax breaks to Hyundai Motor Group after it said it will invest an additional $2 billion to build an EV complex.

September 13, 2023
BusinessFuel

BP CEO Looney Quits Over Past Relationships With Colleagues

BP Plc CEO Bernard Looney has resigned over the failure to fully disclose past relationships with colleagues.

September 12, 2023
BusinessLogistics

Panama Canal Says Shipping Congestion Will Last Into 2024

The operator of the Panama Canal said there’s no immediate prospect of relief from the drought that’s reduced water levels and snarled shipping and global supply chains.

September 12, 2023
BusinessLogisticsTCA

Wabtec Denies Charges of Anticompetitive Behavior

Progress Rail has accused Wabtec Corp. of violating antitrust laws and contractual agreements after acquiring GE Transportation in 2019.

September 12, 2023