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Government, Business, Breaking News, Top 100

Celadon Files for Bankruptcy, Shuts Down

Celadon trucks Bloomberg News

Celadon Group Inc. is filing for bankruptcy and shutting down immediately amid falling freight rates and the effects of penalties levied by the U.S. Department of Justice for settlement of securities fraud charges brought against prior management.

Dan Ronan | Associate News Editor
December 9, 2019
Government, Business, Equipment

Steel Rules for Cars Stall Progress on USMCA Agreement

Ford Rogue plant Ford Rogue plant in Dearborn, Mich. (Sean Proctor/Bloomberg News)

The rules governing the use of steel and aluminum in cars have emerged as the latest obstacle to completing a revised NAFTA deal between the U.S., Mexico and Canada in time for congressional approval by year’s end.

December 6, 2019
Government, Business

Trucking Scores a Win in Rhode Island Tolls Case

Rhode Island Tolls Case A truck passes under one of the tolling gantries in Rhode Island. (

An appeals court has determined that the trucking industry’s lawsuit against Rhode Island’s trucks-only tolling system is valid and can proceed in federal court.

Eleanor Lamb | Staff Reporter
December 6, 2019
Government, Business, Fuel

OPEC Nations, Russia Agree to Cut Oil Output to Lift Prices

OPEC sign OPEC sign at headquarters by Ronald Zak/AP

The OPEC oil-producing countries and ally Russia said Dec. 6 they have agreed to cut their crude production by an extra 500,000 barrels a day as they try to support global energy prices.

David McHugh | AP Business Writer
December 6, 2019
Government, Business

US Gains a Robust 266,000 Jobs

Job applicants in line Lynne Sladky/AP

WASHINGTON — Hiring in the United States jumped last month to its highest level since January as U.S. employers shrugged off trade conflicts and a global slowdown and added 266,000 jobs.

Christopher Rugaber | Associated Press
December 6, 2019
Government, Business, Technology, Equipment, Safety, Fuel

Watchdog Faults Rushed EPA Rulemaking on Glider Trucks

Fitzgerald glider kit in a Peterbilt 389 A Fitzgerald glider kit installed in a Peterbilt 389. (Fitzgerald Glider Kits via YouTube)

WASHINGTON — The Trump administration rushed to exempt glider trucks from clean air rules without conducting a federally mandated study on how it would impact public health, the Environmental Protection Agency’s inspector general said Dec. 5.

Ellen Knickmeyer | Associated Press
December 6, 2019
Government, Business, Top 100

Two Former Celadon Executives Charged in Fraud Scheme

Celadon headquarters John Sommers II for Transport Topics

The Securities and Exchange Commission and federal prosecutors on Dec. 5 charged two former top executives of Indianapolis-based trucking company Celadon Group Inc. for their participation in an accounting fraud in 2016 and 2017 that allegedly inflated the company’s income and earnings per share.

Eric Miller | Staff Reporter
December 5, 2019
Government, Business, Fuel

Saudi Aramco Plans $25.6 Billion Share Sale in Richest IPO Ever

Man walks past a compound for Saudi Aramco in Jiddah, Saudi Arabia A man walks past a compound for Saudi Aramco in Jiddah, Saudi Arabia, on Nov. 3, 2019. (Amr Nabil/Associated Press)

DUBAI, United Arab Emirates — Saudi Arabian oil company Aramco on Dec. 5 set a share price for its IPO — expected to be the biggest ever — that puts the value of the company at $1.7 trillion, more than Apple or Microsoft.

Aya Batrawy | Associated Press
December 5, 2019
Government, Business

Share of Small Businesses Planning Higher Pay Nears Record

American flag at a manufacturing facility in Bowling Green, Ky. An American flag is displayed on the factory floor at the Holley Performance Products Inc. manufacturing facility in Bowling Green, Ky. (Luke Sharrett/Bloomberg News)

As a tight labor market makes filling positions more difficult, 26% of U.S. small-business owners plan to increase pay in coming months, the most since a record in 1989, according to a National Federation of Independent Business report out Dec. 5.

Reade Pickert | Bloomberg News
December 5, 2019
Government, Business

Enhance Freight Connectivity in Next Highway Bill, Executives Tell US House Panel

Erin Aleman Erin Aleman by House Transportation & Infrastructure Committee via YouTube

Consideration in Congress of an extensive update to federal transportation guidelines must prioritize sustainable funding that enhances freight connectivity and reduces congestion, industry stakeholders told lawmakers on Capitol Hill on Dec. 5.

Eugene Mulero | Staff Reporter
December 5, 2019