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.

Government, Business, Technology, Logistics

Agile Cold Storage Breaks Ground on Dallas-Area Warehouse

The 122,949-square-foot, multi-temperature facility is expected to open by the end of this year following a Jan. 23 groundbreaking ceremony.

February 4, 2025
Government, Business, Safety, Logistics

Transportation Lawmakers Take Aim at Moving Industry Scams

We cannot allow bad actors in the shipping and moving industry to violate consumer trust and harm our nations supply chain," said Sen. Deb Fischer, the bill's co-lead sponsor in the Senate.

February 4, 2025
Business, Technology, Equipment

Cummins Posts Lower Q4 Profit on Weak Truck Demand

Weak global heavy-duty truck market demand plus a reorganization of the Accelera decarbonization technology unit hurt Cummins profit in the fourth quarter of 2024, the company said.

February 4, 2025
Government, Business, Logistics

Panama Considers Canceling Port Deal With Hong Kong Firm

Panama is weighing whether to cancel its contract with the Hong Kong-based company that operates ports near the Panama Canal, according to people with knowledge of the situation.

February 4, 2025
Government, Business, Fuel

Chinese Tariffs on US LNG Set to Reroute Global Trade Flows

Chinas decision to slap tariffs on liquefied natural gas imported from the U.S. will trigger a scramble to decouple the worlds biggest buyer and seller of the super-chilled fuel.

February 4, 2025
Government, Business, Logistics, Private, Global Freight

Amazon to Face Legal Action After Layoffs in Quebec

Amazon.com Inc.s decision to close all seven of its warehouses in the Canadian province of Quebec and terminate more than 1,900 workers is prompting legal action from the affected union.

February 4, 2025
Business, Fuel, Private

ADM Plans to Cut Up to 700 Jobs

Archer-Daniels-Midland Co. said it will reduce its workforce as the company expects profits to decline for a third straight year.

February 4, 2025
Government, Business, Fuel

Senate Confirms Chris Wright as Energy Secretary

WASHINGTON The Senate confirmed Chris Wright to serve as energy secretary, a key post to promote President Donald Trumps efforts to achieve U.S. energy dominance in the global market.

February 4, 2025
Government, Business, Technology, Equipment, Fuel

China to Impose Tariffs on US Products, Including Oil

BEIJING China countered President Donald Trumps tariffs on Chinese products with tariffs on select U.S. imports Feb. 4, as well as announcing an antitrust investigation into Google.

February 4, 2025
Business, Technology, Equipment, Safety, Autonomous

Volvo, Waabi Partner to Produce Autonomous Trucks

Waabi will integrate its autonomous driving system, the Waabi Driver, with Volvos production-ready VNL Autonomous model. Commercial pilots will begin in Texas in the coming months.

February 4, 2025