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

OPEC+ to Maintain Group Quotas Ahead of July Output Decision

OPEC+ gathered online May 28 to ratify its current groupwide production quotas, ahead of a decision by eight key members this weekend whether to bolster output again in July.

May 28, 2025
BusinessEquipment

Stellantis Names Antonio Filosa Its New CEO

Stellantis, the world’s fourth-largest carmaker, named Italian auto executive Antonio Filosa as its new CEO on May 28, replacing Carlos Tavares, who resigned under pressure last year.

May 28, 2025
BusinessTechnologyAutonomous

Toyota Becomes Top Shareholder in Air Taxi Maker Joby

Toyota has invested $250 million in Joby Aviation, completing the first half of a previously announced $500 million commitment and becoming the air taxi maker’s largest shareholder.

May 28, 2025
GovernmentBusinessTechnologySafetyAutonomousTCA

Michigan County Board Opposes I-94 Self-Driving Corridor

Washtenaw County officials are opposed to proposed express lanes on about 39 miles of Interstate 94 between Ann Arbor and Detroit that one day could be dedicated to self-driving vehicles.

May 28, 2025
GovernmentBusiness

NYC Wins Order Against US Funding Freeze in Congestion Fight

New York won a court order temporarily barring the Trump administration from withholding federal approvals or funds for the state’s transportation projects.

May 27, 2025
GovernmentBusinessLogistics

Hegseth Orders Military to Address Moving ā€˜Deficiencies’

Defense Secretary Pete Hegseth called on the U.S. Transportation Command to address ā€œdeficienciesā€ to ensure that thousands of military members have successful moves this summer.

May 27, 2025
GovernmentBusiness

US Poised to Receive Golden Share in US Steel-Nippon Tie-Up

The U.S. government is poised to receive a so-called golden share in U.S. Steel as a condition for approving Nippon Steel's proposed acquisition of the American company.

May 27, 2025
BusinessTechnologyEquipmentLogistics

Leasing Models Offer Fleets Cost-Control Options

Fleet operators weigh full-service versus unbundled truck leasing as costs, maintenance risks and life cycle management shape decisions.

May 27, 2025
GovernmentBusinessTechnologyFuelLogisticsTCA

Three More Years of Clean Truck Fees Approved at Port of L.A.

The Port of Los Angeles will continue to collect a $10 clean truck fund fee for the next three years.Ā But at least two harbor commissioners indicated it warrants a closer look going forward.

May 27, 2025
GovernmentBusinessPrivate

Sysco Helps Restaurants Caught in Trade War

Restaurant supplier Sysco is coaching eateries on substitutes for imported ingredients hit by President Donald Trump’s tariffs.Ā 

May 27, 2025