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, Safety, For-Hire

TT Recruiting Award Given to PS Logistics’ Daigle

The Transport Topics Recruiting Professional of the Year Award for 2024 was presented to Kimberley Daigle, vice president of enterprise capacity development for PS Logistics.

February 25, 2025
Business, Technology, Equipment, Fuel

Texas Startup Launches Hybrid Retrofitted Class 8 Tractor

A Texas-based startup is promising 40% fuel efficiency savings and reductions in carbon emissions from a hybrid diesel-electric Class 8 tractor set to be unveiled at the end of March.

February 25, 2025
Business, Fuel

BP to Prepare Sale of Castrol Lubricants Business

BP Plc is set to announce a potential sale of its lubricants business and abandon plans to cut oil and gas output as it embarks on a shift away from renewable energy.

February 25, 2025
Government, Business

Nippon Steel Sticks With US Steel Takeover, Not Investment

Nippon Steel reiterated its objective for the $14.1 billion takeover of U.S. Steel after President Donald Trump said the Japanese company was considering an investment instead.

February 25, 2025
Business, Technology, Equipment, Fuel, Logistics

WattEV Transport Takes Delivery of First Two Tesla Semis

The Semis will be available for drayage use at the ports of Long Beach and Los Angeles, the first time the Class 8 battery-electric truck has been used at the largest port complex in the U.S.

February 25, 2025
Government, Business, Technology, Fuel

GSA to Shut Off EV Chargers at Federal Buildings

Federal buildings across the U.S. have been ordered to shut off electric vehicle chargers, the latest move to rescind pro-EV initiatives in President Donald Trump’s first months in office.

February 25, 2025
Business, Private

ϳԹ Depot Breaks Same-Store Sales Slump in Q4

ϳԹ Depot broke a two-year slump in same-store sales during the fourth quarter as customer demand improved in a housing market that has been buffeted by soaring mortgage rates.

February 25, 2025
Business, Logistics

Costello: Amid Inflation, Some Segments Strong for Trucking

“People are looking at the prices of things and freaking out,” Bob Costello said Feb. 20 at the 2025 Recruitment & Retention Conference in Nashville.

February 25, 2025
Government, Business, Safety, Logistics

Thieves Steal $2 Million Worth of Nikes From Freight Trains

Thieves have targeted freight trains running through the deserts of California and Arizona in a string of audacious heists resulting in the theft of more than $2 million worth of Nike sneakers.

February 25, 2025
Business, For-Hire

FedEx Eases Path to Freight Spinoff After Debt Exchange

FedEx said its bondholders agreed to remove its freight business from its lending documents, making it easier for the shipping giant to spin the business off into a new company.

February 25, 2025