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.

GovernmentBusiness

UK's Starmer, Trump Agree to Implement Tariff-Cutting Deal

United Kingdom Prime Minister Keir Starmer and U.S. President Donald Trump agreed June 16 to implement a trade deal announced last month, with one notable exception.

June 16, 2025
BusinessFuel

Ex-Shell US Oil Trading Boss Claims He’s Owed $29 Million Bonus

Shell's former head of oil trading in the U.S. was stiffed on his 2020 bonus by more than $29 million, he claims in a lawsuit.

June 16, 2025
Business

60 Seconds: CVSA to Begin English Proficiency Tests for Truck Drivers on June 25

Commercial Vehicle Safety Alliance inspectors on June 25 will begin issuing out-of-service violations for truckers unable to pass roadside tests for communicating in English and understanding road signs.    

June 16, 2025
GovernmentBusinessTechnologyLogistics

DAT, OTR Legal Dispute Heads to June 17 Emergency Hearing

OTR alleges DAT’s acquisition of Seattle-based Outgo and subsequent actions breach binding agreements between the erstwhile partners and are causing harm to OTR’s business.

June 16, 2025
GovernmentBusinessTechnologyEquipmentAutonomous

Air Taxi Firm Archer Sees More Defense Demand in Short Term

Electric aircraft maker Archer Aviation expects its defense-related sales to outstrip commercial air taxis in the short term.

June 16, 2025
GovernmentBusiness

G7 Summit Opens in Canada With a Focus on Trade

As the G7 summit begins in Canada, the U.S. has hit several nations with tariffs, there is little progress in settling wars in Ukraine and Gaza, and a new conflict involves Israel and Iran.

June 16, 2025
GovernmentBusinessEquipmentTCA

Truck Parts Distributor Transaxle to Shut Down

Truck parts distributor Transaxle with facilities in 11 states is closing after an unsuccessful attempt to sell the company.

June 16, 2025
BusinessTechnologyEquipment

Eaton Agrees to Buy Defense Group Ultra PCS for $1.6 Billion

Eaton agreed to buy defense and aerospace systems company Ultra Precision Control Systems from private equity firm Advent for $1.55 billion.

June 16, 2025
GovernmentBusinessSafetyFuelLogistics

Oil Shippers Pause Offers of Vessels to Middle East

Some oil tanker owners and managers have paused offering their vessels for Middle Eastern routes since June 13 as they assess the risks from Israel’s conflict with Iran.

June 16, 2025
GovernmentBusiness

Nippon Wins Conditional Approval to Buy US Steel

Nippon Steel won conditional U.S. approval for its $14.1 billion purchase of U.S. Steel, capping a lengthy saga in a tie-up that will create one of the world’s largest steel companies.

June 16, 2025