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.

Business, Technology, Equipment, Autonomous

Volvo Charts Course Toward Sustainable Trucking at CES

LAS VEGAS — Volvo Group CEO Martin Lundstedt outlined the global truck manufacturer’s vision for a cleaner, safer and more productive transportation industry at CES 2025.

January 13, 2025
Government, Business

Mexico Plans Nearshoring Incentives to Curb China Imports

Mexico President Claudia Sheinbaum announced a plan to reduce the country’s imports from China in a bid to support local industry and align herself with the U.S. as a trade partner.

January 13, 2025
Government, Business, Fuel

Oil Tanker Rates Soar on Biden Sanctions Against Russia

Oil tanker rates jumped as the Biden administration’s sanctions on Russia’s petroleum trade threaten to cut the supply of ships while forcing traders to seek alternative sources of crude.

January 13, 2025
Government, Business, Fuel

Trump’s Tariffs Will Include Oil, Alberta Premier Warns

Canadians should be prepared to face U.S. tariffs once Donald Trump assumes the presidency next week, with no exemptions for oil, Alberta Premier Danielle Smith warned.

January 13, 2025
Business, Equipment

December Class 8 Orders Jump as Sleeper Interest Increases

North American Class 8 truck orders jumped in December compared with the same month a year earlier, according to ACT Research, for the first such increase since May.

January 13, 2025
Government, Business, Fuel

Supreme Court Won’t Hear From Oil Companies on Climate Suits

WASHINGTON — The Supreme Court said it won’t hear an appeal from oil and gas companies trying to block lawsuits seeking to hold the industry liable for billions in damage linked to climate change.

January 13, 2025
Government, Business

Cleveland-Cliffs, Nucor Mull US Steel Bid, CNBC Says

Cleveland-Cliffs Inc. is partnering with rival Nucor Corp. in a potential bid for United States Steel Corp., CNBC reported Jan. 13.

January 13, 2025
Government, Business, Technology

Biden Administration Proposes New Rules on Exporting AI Chips

WASHINGTON — The Biden administration is proposing a new framework for the exporting of the advanced computer chips used to develop artificial intelligence.

January 13, 2025
Government, Business, Technology

Northvolt Sells Its Stake in Recycling JV to Norsk Hydro

Bankrupt battery maker Northvolt AB agreed to sell its remaining shares in a recycling venture to Norsk Hydro ASA as it continues to slim down operations amid a Chapter 11 process in the U.S.

January 13, 2025
Government, Business, Technology, Equipment, Fuel, Global Freight

Oshkosh Ready for Possible USPS Shift to Gas Trucks From EVs

Oshkosh is prepared to provide the Postal Service more gas-powered mail trucks if the agency cuts back orders for EVs, which benefit from funding President-elect Donald Trump has criticized.

January 13, 2025