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

TravelCenters of America Reports Strong Q4 Results

TravelCenters of America Inc. reported fourth-quarter net income soared and revenue nearly doubled.

February 23, 2022
BusinessFuel

Biofuel Maker Renewable Energy Explores Sale Options

Renewable Energy Group Inc., a green diesel maker, is exploring options after receiving takeover interest, including selling itself, according to a person familiar with the matter.

February 23, 2022
BusinessTechnologyEquipment

Dana Reports Mixed Q4 Results

Dana Inc. reported mixed results in the fourth quarter as net income fell and revenue moved higher as the disrupted supply chain continued to hamper operations, and heavy-duty truck demand rose.

February 23, 2022
GovernmentBusinessEquipmentFuel

EPA Slams USPS Plan for Mostly Gas-Powered Mail Trucks

The U.S. Postal Service has finalized a contract to replace its mail truck fleet with almost all gasoline-powered models, drawing an angry response from Biden administration officials who unsuccessfully pushed the agency to buy electric vehicles instead.

February 23, 2022
GovernmentBusiness

Senate Republicans Concerned About Infrastructure Law’s Implementation

A group of Republican senators urged Transportation Secretary Pete Buttigieg to revisit his department’s approach to aspects of an infrastructure law’s implementation.

February 23, 2022
BusinessEquipment

Apollo Will Take Parts Supplier Tenneco Private

Tenneco Inc. agreed to be acquired by affiliates of Apollo Global Management Inc., taking the auto parts supplier out of the public market after years of share declines and business upheaval.

February 23, 2022
BusinessFuel

Chevron Aims to Lower Emissions at Five US Well Sites

Chevron Corp. is looking to show it can lower methane emissions at five oil well sites in Texas and Colorado as part of an industry push into “responsibly sourced†gas.

February 23, 2022
GovernmentBusinessLogistics

Houston’s Port Sees New High in Ship Count

The number of containerships waiting at the ports of Houston and Charleston, S.C., reached new pandemic highs as importers looking to avoid bottlenecks on the West Coast encounter growing congestion in alternative gateways.

February 23, 2022
GovernmentBusinessLogisticsTop 100

UPS Loses Compensation Bid in EU

UPS Inc. lost a court fight for about $2 billion in compensation over the European Commission’s 2013 botched veto of its takeover bid for TNT Express.

February 23, 2022
GovernmentBusinessTechnologyFuel

Biden Wants to Cut Into China’s Electric Battery Dominance

SACRAMENTO, Calif. — President Joe Biden highlighted his efforts to counter China’s dominance of the electric battery market on Feb. 22 as he touted domestic efforts to mine and process lithium and rare metals necessary to create the technology that powers cars, electronics, wind turbines and more.

February 23, 2022