Trucking Business News

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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.

BusinessTechnologyEquipmentFuel

Blue Bird to Add Classes 5-6 Commercial Vehicle Chassis

Blue Bird Corp. announced it is building on its nearly century-long expertise of school bus manufacturing to expand its zero-emission transportation solutions to the commercial vehicle market.

May 16, 2022
BusinessTechnologyFuel

Penske, Shell to Bring EV Charging to Leasing Sites

Penske Truck Leasing and Shell Recharge Solutions North America announced a joint initiative to support light-duty electric vehicle charging at Penske locations.

May 16, 2022
GovernmentBusinessFuel

OPEC+ Ministers Say Pumping More Oil Wouldn’t Ease Gas Prices

Saudi Arabia’s energy minister said a dearth of refining capacity meant that gasoline and other oil products would remain expensive even if the world’s biggest exporters pumped more crude.

May 16, 2022
GovernmentBusiness

Renault to Sell Russian Operations to Moscow

Russia will take control of French car manufacturer Renault’s operations in the country and resurrect a Soviet-era auto brand, officials said May 16, marking the first major nationalization of a foreign business since the war in Ukraine began.

May 16, 2022
BusinessTechnologyFuelAutonomous

Cruise, BrightDrop Explore Self-Driving Electric Vans

Cruise, the self-driving startup controlled by General Motors Co., is working with the automaker’s BrightDrop electric van business on a plan to develop autonomous delivery vehicles, people familiar with the matter said.

May 16, 2022
GovernmentBusinessSafety

Buttigieg Sends $5 Billion to Cities for Safety as Road Deaths Soar

WASHINGTON — With upcoming data showing traffic deaths soaring, the Biden administration is steering $5 billion in federal aid to cities and localities to address the growing crisis by slowing down cars, carving out bike paths and wider sidewalks and nudging commuters to public transit.

May 16, 2022
BusinessLogistics

XPO Logistics Considers Sale of Freight-Forwarding Unit

XPO Logistics Inc. is considering a sale of its freight-forwarding unit as it continues to pursue divestitures, according to people with knowledge of the matter.

May 13, 2022
GovernmentBusinessTechnology

Transport Topics Collects Three National Azbee Awards

Transport Topics has received three national awards from the American Society of Business Publication Editors, honoring TT’s “Wheels of Justice” series for the second year in a row.

May 13, 2022
BusinessLogistics

Bill Gates Sells $940 Million of CN Rail Stock

Bill Gates sold about $940 million of Canadian National Railway Co. shares, trimming one of the largest holdings of the investment firm that controls his $117 billion personal fortune.

May 13, 2022
GovernmentBusinessFuel

Diesel, Gas Refining Capacity Too Low to Meet Demand

From record gasoline prices to higher airfares to fears of diesel rationing ahead, America’s runaway energy market is disquieting both U.S. travelers and the wider economy. But the chief driver isn’t high crude prices or even the rebound in demand: It’s simply too few refineries turning oil into usable fuels.

May 13, 2022