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.

GovernmentBusinessLogistics

New Indiana-Ireland Pact Seeks Direct Container Service

A business pact to form a container service between Indiana and Ireland was signed recently by officials from the Ports of Indiana and Port of Cork.

October 29, 2024
GovernmentBusinessEquipmentLogistics

New Arizona-Mexico Commercial Port Gets $275M Contract

The U.S. General Services Administration awarded a $275 million contract to create a large commercial border crossing in Arizona to facilitate bilateral trade with copper mines in Mexico.

October 29, 2024
BusinessEquipment

Holt Truck Centers Expands With Kyrish Acquisition

Following the deal, Holt Truck Centers will have 35 locations, which the parent company said would make it the third-largest International Motors dealership in the U.S.

October 29, 2024
GovernmentBusinessFuel

Soybean Demand Drops as US Biofuel Tax Credit Stalls

Agriculture giants including Cargill Inc. and Bunge Global SA are slowing their buying of soybeans because of uncertainty over U.S. biofuels policy.

October 29, 2024
GovernmentBusinessTechnologyEquipmentTCA

Trucking Firms Call on Hochul to Delay New York’s EV Rule

COHOES, N.Y. — Trucking industry executives and others asked Gov. Kathy Hochul to pump the brakes on state regulations that mandate sales of electric trucks in New York starting in January.

October 29, 2024
GovernmentBusinessTechnologyAutonomousTCA

PennDOT Approves Rules for Self-Driving Vehicles in State

There are now rules of the road for self-driving vehicles in Pennsylvania.

October 29, 2024
BusinessLogisticsFor-HireTop 100

Covenant's Q3 Net Income and Revenue Take Slight Dips

The company reported third-quarter net income of $13 million, or 94 cents per share, compared with $13.5 million, 99 cents, in the year-ago period.

October 29, 2024
BusinessTechnologyEquipment

BYD Reportedly Hires Another Stellantis Executive

China’s BYD Co. reportedly is hiring the former U.K. chief of Stellantis NV as the EV maker builds a team of European executives to lead its expansion in the region.

October 29, 2024
GovernmentBusinessFuel

Oil Prices Fall on Weak Global Demand

Global oil prices are falling sharply after a retaliatory strike by Israel over the weekend targeted Iranian military sites rather than its energy infrastructure as had been feared.

October 29, 2024
GovernmentBusinessTechnology

Biden to Announce $3B to Reduce Carbon Emissions at Ports

WASHINGTON — The Biden administration is awarding nearly $3 billion to boost climate-friendly equipment and infrastructure at ports across the country.

October 29, 2024

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