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

60 Seconds: Fuel Prices to Rise in Five States on July 1

Drivers to pay more at the pump as fuel tax increases are set to take effect July 1 in California, Illinois, Indiana, Missouri and Virginia. 

June 10, 2024
Business, Logistics

C.H. Robinson Names Damon Lee as Chief Financial Officer

C.H. Robinson Worldwide announced the appointment of Damon Lee as its new chief financial officer June 6.

Connor D. Wolf | Staff Reporter
June 10, 2024
Business, Logistics

Textainer in Talks to Buy Container Leasing Firm Seaco

Stonepeak-owned Textainer is in talks to acquire container leasing firm Seaco from an arm of failed Chinese conglomerate HNA Group, according to people with knowledge of the matter.

June 10, 2024
Business, Technology, Safety

Volvo Recalls All EX30 Cars on Software Glitch

Volvo Car AB is recalling all of the almost 72,000 units it has made of its new flagship model — the fully electric EX30 — due to a software issue.

Rafaela Lindeberg | Bloomberg News
June 10, 2024
Business, Fuel

Noble to Buy Rival Driller Diamond Offshore

Noble Corp., the world’s biggest offshore oil rig contractor by market value, agreed to buy its smaller rival Diamond Offshore Drilling Inc. in a deal valued at $1.6 billion.

Joe Ryan | Bloomberg News
June 10, 2024
Business, Equipment, Safety

TCA Names 2024 Professional Drivers of the Year

INDIANAPOLIS — It’s not by chance that four award-winning truck drivers get home safely every night after spending a demanding day on the road. It’s by design, they said during a panel discussion.

Eric Miller | Senior Reporter
June 7, 2024
Government, Business, Safety

Kia Recalls Nearly 463,000 Telluride SUVs Due to Fire Risk

NEW YORK — Kia America is recalling nearly 463,000 Telluride SUVs — and urging owners to park their cars outside and away from other structures until an issue posing a fire hazard is fixed.

Wyatte Grantham-Philips | Associated Press
June 7, 2024
Business, Fuel

Shale Drilling Slides to Lowest Level of Activity Since 2022

Drilling in the U.S. shale patch dropped to the lowest level in almost 2½ years as operators vow to make good on promises to investors for subdued production growth this year.

David Wethe | Bloomberg News
June 7, 2024
Business, Logistics, Private

Walmart Expects E-Commerce Profits Within Two Years

Walmart Inc. said it expects to generate profits in its U.S. e-commerce business within the next two years.

Jaewon Kang | Bloomberg News
June 7, 2024
Government, Business, Fuel

Real-World Mileage Standard for New Vehicles Rising

WASHINGTON — New vehicles sold in the U.S. will have to average about 38 miles per gallon of gasoline in 2031 in real-world driving, up from about 29 mpg this year, under new federal rules.

Matthew Daly | Associated Press
June 7, 2024