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.

BusinessFuel

Shell CEO to Step Down as Oil Giant Looks to Climate Goals

LONDON — Shell CEO Ben van Beurden is stepping down at the end of 2022 after nine years in charge, the energy giant said Sept. 15, a change that comes as oil and natural gas companies are under pressure to shift away from fossil fuels .

September 15, 2022
GovernmentBusinessLogisticsBreaking News

Rail Strike Averted as Unions Agree to Deal

A deal has been reached between union workers and six Class I railroads, averting a threatened strike that could have snarled the nation’s freight and passenger rail service.

September 15, 2022
GovernmentBusinessLogistics

From Carmakers to Refiners, Industries Brace for Rail Strike

Here’s how some industries are gauging the potential impacts and getting ready for the possible rail work stoppage.

September 14, 2022
GovernmentBusinessTechnologyEquipmentFuel

States Get Early Green Light to Spend Federal EV Funds

Dozens of states from coast to coast will have early access to their share of $900 million in electric vehicle infrastructure funds thanks to the U.S. Department of Energy’s early approval of plans to locate chargers on more than 53,000 highway miles throughout the country.

September 14, 2022
GovernmentBusinessTechnologyEquipmentSafetyLogistics

Real-Time Alerts Coming to Kansas Rural Freight Corridor

Truckers driving through the U.S. Route 83 rural freight corridor in Kansas will benefit from a $6.67 million federal grant to help fund a long fiber optic network to deliver real-time traffic, weather and other useful information in that remote agricultural stretch.

September 14, 2022
BusinessEquipment

Classes 4-7 US Retail Sales Rise in August on Class 6 Surge

Classes 4-7 U.S. retail sales in August climbed 11.7% overall compared with a year earlier to more than 20,000, primarily because of a huge jump in Class 6 sales, Wards Intelligence reported.

September 14, 2022
BusinessTechnologyEquipmentSafety

TMCSuperTech Back at Full Strength at Fall TMC

After an abbreviated meeting and TMCSuperTech competition, this year’s American Trucking Associations’ Technology & Maintenance Council Fall Meeting and National Technician Skills Competition is back at full strength.

September 14, 2022
GovernmentBusinessTechnologyLogistics

California Sues Amazon, Alleging Antitrust Law Violations

NEW YORK — California is suing Amazon, accusing the company of violating the state’s antitrust laws by stifling competition and engaging in practices that push sellers to maintain higher prices on products on other sites.

September 14, 2022
GovernmentBusinessTechnologyFuel

Nikola Whistleblower Made $600,000 Off Short Sale, Jury Told

A former Nikola Corp. contractor whose allegations of fraud at the electric truck company helped spur a criminal investigation told a federal jury he made $600,000 off a short seller’s report on Nikola.

September 14, 2022
GovernmentBusinessTechnologyFuel

Biden Touts EVs at Detroit Auto Show

DETROIT — President Joe Biden, a gearhead with his own vintage Corvette, is showcasing his administration’s efforts to promote electric vehicles during a visit Sept. 14 to the Detroit auto show.

September 14, 2022