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.

BusinessLogisticsTop 50

Americold Narrows Loss, Names George Chappelle New CEO

Refrigerated warehouse operator Americold Realty Trust narrowed its loss in the fourth quarter and posted a large gain in revenue. It also made interim CEO George Chappelle’s position permanent.

February 25, 2022
BusinessLogistics

Roberts Energy Acquires Abenaqui Carriers

Direct fuel supplier Roberts Energy and its transport division Brown Bear Transportation announced Feb. 21 the acquisition of Abenaqui Carriers.

February 25, 2022
BusinessTechnologyFuel

Exxon to Build $400 Million Wyoming Carbon-Capture Project

Exxon Mobil Corp. reached a final investment decision on expanding a carbon-capture facility at LaBarge in Wyoming with the $400 million endeavor expected to start up by 2025.

February 25, 2022
BusinessTechnologyFuel

Northvolt Plans a Third Battery Materials Factory in Sweden

Northvolt AB plans to convert a closed paper mill in Sweden into a new battery materials factory, adding a third production facility in the Nordic country to supply demand fueled by the growing electrification of transport.

February 25, 2022
GovernmentBusiness

Key Inflation Gauge Hit 6.1% in January

WASHINGTON — An inflation gauge that is closely monitored by the Federal Reserve jumped 6.1% in January compared with a year ago, the latest evidence that Americans are enduring sharp price increases that will likely worsen after Russia’s invasion of Ukraine.

February 25, 2022
GovernmentBusinessFuel

Oil Pulls Back From $100 Amid Report That Putin Is Open to Talks

Oil extended its retreat from a seven-year high, slipping back below $100 a barrel in London, as Russia’s invasion of Ukraine forced traders to grapple with a fluid market environment.

February 25, 2022
GovernmentBusinessTechnologyFuel

Rocky Mountain States to Team Up on Hydrogen Tech Proposal

CHEYENNE, Wyo. — Four Rocky Mountain states will cooperate on developing ways to make the most abundant element in the universe, hydrogen, more available and useful as clean-burning fuel for cars, trucks and trains, the states’ governors announced Feb. 24.

February 25, 2022
GovernmentBusinessLogistics

Biden Hits Russia With Sanctions, Says Putin ā€˜Chose’ War

President Joe Biden ordered broad new sanctions targeting Russia on Feb. 24 after its invasion of Ukraine, declaring that Russian leader Vladimir Putin ā€œchose this warā€ and his country will bear the consequences.

February 24, 2022
BusinessTechnologyFuel

Hyliion Posts First-Ever Revenue in Q4

Hyliion Holdings Corp. reported a fourth-quarter net loss and modest first-time revenue as its work on providing electrified powertrains for Class 8 trucks continued.

February 24, 2022
GovernmentBusinessSafety

Biden Promotes Social Infrastructure

At his State of the Union on March 1, President Joe Biden is expected to promote aspects of a nearly $2 trillion social infrastructure budget that dominated Democrats’ agenda last year.

February 24, 2022