Business

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, Technology, Logistics, TCA

Chicago E-Commerce Startup ShipBob Lands $68 Million for Rapid Expansion

ShipBob, a Chicago-based e-commerce logistics company, raised $68 million to fund an expansion amid a pandemic-fueled boom in online shopping.

Lauren Zumbach | Chicago Tribune
September 28, 2020
Business, Technology, Safety, Fuel, Autonomous

Tesla’s $25,000 Car Doesn’t Worry Biggest Rivals in China

Tesla Inc.’s plan to build a $25,000 car within the next three years doesn’t seem to have fazed China’s most-promising electric vehicle startups, with executives at the Beijing Auto Show saying Elon Musk can bring it on.

September 28, 2020
Government, Business

FAA Chief to Fly 737 Max on Sept. 30 as Agency Approval Nears

The top U.S. aviation regulator plans to test fly Boeing Co.’s grounded 737 Max on Sept. 30 in an attempt to show an antsy public that proposed fixes will be safe, according to a person familiar with the plans.

Alan Levin | Bloomberg News
September 25, 2020
Business, Technology, Logistics, Top 100

U.S. Xpress Joins vHub Trailer Marketplace

U.S. Xpress Enterprises has joined the repositioning and sharing marketplace vHub, the companies announced Sept. 23.

September 25, 2020
Business, Technology, Equipment, Fuel, Logistics

Lion Battery-Electric Trucks Bound for Amazon

Lion Electric announced that it will deliver 10 Class 6 battery-electric vehicles to Amazon.com Inc., with the first two arriving this year.

September 25, 2020
Business, Technology, Equipment, Fuel

Mercedes-Benz Heavy-Duty eActros Set for Production in 2021

Mercedes-Benz Trucks announced series production of its heavy-duty battery-electric eActros model intended for distribution applications is scheduled to start in 2021.

September 25, 2020
Business, Technology, Equipment

Prestolite Expands Starter-Motor Warranty

Prestolite Electric announced it extended the Prestolite Power Promise warranty to its PowerPro Extreme 5 unit, offering extended coverage of up to two years and unlimited mileage to the truck starter motor.

September 25, 2020
Government, Business, Technology, Safety, Autonomous

FMCSA Denies Pronto.ai’s HOS Exemption Request

FMCSA has denied an application from Pronto .ai requesting an exemption from the 11-hour driving limit and the 14-hour driving window in the hours-of-service requirements.

Eric Miller | Senior Reporter
September 25, 2020
Business, Technology, Safety, Top 100

Contactless Delivery, Safety Precautions Accelerate Adoption of Electronic Bills of Lading

Fleets and shippers have been taking extra precautions to help protect the professional truck drivers who have been serving on the front lines of the nation’s response to the coronavirus pandemic.

Hilary Daninhirsch | Special to Transport Topics
September 25, 2020
Government, Business, Fuel

Oil Dips in Wake of Renewed Concerns Over Virus Surge

Oil fell amid growing concerns that another wave of the coronavirus pandemic will lead to tighter lockdown measures and further stifle crude demand.

September 25, 2020