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.

BusinessTechnologyAutonomous

Driverless EV Shuttle Set to Debut in Downtown Orlando

Starting later this month, an electric, self-driving shuttle operated by Beep Inc. will whisk passengers around a 1-mile loop in downtown Orlando for no charge, officials said Aug. 16.

August 16, 2023
BusinessPrivate

Aldi to Buy 400 Winn-Dixie, Harveys Stores in Southern US

Discount grocer Aldi said Aug. 16 it plans to buy 400 Winn-Dixie and Harveys supermarkets in the southern U.S.

August 16, 2023
GovernmentBusinessTechnology

New Fee Structure Part of Pennsylvania Turnpike Tolling Plan

Truckers traveling along the Pennsylvania Turnpike will notice big changes, from modernized tolling infrastructure without toll plazas or booths and new fee structures starting in 2025.

August 16, 2023
BusinessLogisticsPrivate

Amazon Imposing Fee on Sellers Who Do Their Own Shipping

Amazon.com Inc. is imposing a new fee on merchants who don’t use the company’s logistics services, a change many of these sellers consider coercive and surprising.

August 16, 2023
BusinessSafety

Hermida Anticipates Training, Focus Will Blossom at NTDC

COLUMBUS, Ohio — A surprising new sentiment stirs for FedEx Freight’s Luis Hermida: anticipation. This year’s NTDC  is finally here, and Hermida, competing in the twins class, is determined to display his talents.

August 16, 2023
GovernmentBusinessEquipment

Auto Parts Maker Shinhwa Plans Expansion at Alabama Facility

MONTGOMERY, Ala. — An auto parts supplier plans a $114 million investment to expand its facility in Alabama to support the production of electric vehicle parts, Gov. Kay Ivey’s office announced Aug. 15.

August 16, 2023
Business

Target Sales Ebb on Inflation, Pride Month Shopper Backlash

NEW YORK — Target’s second-quarter sales were hit by inflation and a negative reaction by some customers, widely publicized on social media, to its Pride merchandise.

August 16, 2023
BusinessEquipment

UAW to Vote on Strike Authorization Next Week

DETROIT — About 146,000 members of the United Auto Workers union will vote next week whether to authorize their leaders to call strikes against the Detroit automakers.

August 16, 2023
GovernmentBusinessEquipmentFor-Hire

Citadel Acquires Yellow Debt Owned by Apollo, Other Lenders

An affiliate of Ken Griffin’s Citadel has acquired roughly $485 million in Yellow Corp. debt previously owned by Apollo Global Management and other lenders to the bankrupt trucking firm.

August 16, 2023
GovernmentBusinessFuel

Diesel Price Up Another 13.9¢ to $4.378 a Gallon

Diesel prices climbed another 13.9 cents a gallon for the fourth straight week of a dime-or-more national average surge, according to data from the Energy Information Administration.

August 15, 2023