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, Fuel

Steve Girsky Rises From Matchmaker to Chairman at Nikola

With Trevor Milton having stepped down as executive chairman of Nikola Motor Co. Sept. 21, the spotlight now falls to new chairman of the board Steve Girsky.

David Welch and Ed Ludlow | Bloomberg News
September 21, 2020
Government, Business, Technology, Equipment, Fuel, Breaking News

Nikola Executive Chairman Trevor Milton Steps Down

Trevor Milton has voluntarily stepped aside as executive chairman and board member of Nikola Corp., the electric truck company he created, it was announced Sept. 21.

Dan Ronan | Senior Reporter
September 21, 2020
Business, Top 100

Kenan Advantage Group Acquires Canadian Firm Beaulac

Kenan Advantage Group has completed the acquisition of Les Distributions Carl Beaulac Inc., the company announced Sept. 18.

September 18, 2020
Government, Business, Technology

Stocks Hit Six-Week Low as Tech Slide Accelerates

Technology shares pushed U.S. stocks to a six-week low as investors searched for new catalysts to give direction to global markets. The dollar strengthened and Treasuries were little changed.

September 18, 2020
Government, Business, Technology, Autonomous

Amazon’s Zoox Gets Green Light for Robotaxi Tests in California

Amazon .com Inc.’s self-driving-car unit, Zoox Inc., is getting a green light from California to test autonomous vehicles on public roads without a safety driver, becoming the fourth company to receive the state’s blessing for truly driverless testing.

Chester Dawson | Bloomberg News
September 18, 2020
Business, Logistics, Top 50

Bob Farrell Returns to GlobalTranz as Chairman, CEO

GlobalTranz Enterprises announced that Bob Farrell returned as chairman and CEO, effective immediately.

September 18, 2020
Government, Business, Safety

Groups Take Legal Action Against HOS Final Rule

Three organizations and the Teamsters union have filed a petition in federal court challenging the final rule on changes to hours-of-service regulations.

Eleanor Lamb | Staff Reporter
September 18, 2020
Business, Technology, Fuel

DHE Begins Pilot Project With Volvo Electric Heavy-Duty Trucks

Volvo Trucks North America announced Dependable Highway Express received two Volvo VNR Electric trucks, the first battery-electric Class 8 trucks to join DHE’s fleet.

September 18, 2020
Government, Business, Logistics

Canada Extends US Border Restrictions to Oct. 21

Canada is extending the agreement to keep the U.S. border closed to nonessential travel to Oct. 21 during the coronavirus pandemic.

Rob Gillies | Associated Press
September 18, 2020
Business, Technology, Fuel

Estes Express Lines Expands RNG-Fueled Fleet

Clean Energy Fuels Corp. announced that Estes Express Lines will add to its fleet 50 new trucks fueled with its Redeem brand of renewable natural gas, bringing its total to 71.

September 18, 2020