Business
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.
US Manufacturing Improves in July, According to ISM
U.S. manufacturing improved again in July with a key gauge of activity rising further into expansion territory.
Virus Relief Bill Remains Up in Air as Negotiations Resume
Slow, grinding negotiations on a huge COVID-19 relief bill are set to resume Aug. 3, but the path forward promises to be challenging and time is already growing short.
House Advances Water Infrastructure Policy Bill
A water infrastructure policy bill that found bipartisan backing was easily advanced by the U.S. House of Representatives on July 29.
Isaias Set to Hit Carolinas as Hurricane, Sweep New York
Isaias could cause $1.5 billion in losses as it picks up speed and strength, likely becoming a hurricane before hitting the Carolinas and posing the second tropical threat to New York in a month.
SAF-Holland to Supply Air Suspension for VW E-Delivery Truck in Brazil
SAF-Holland announced it has been selected to supply the rear-drive air suspensions for the new VW electric delivery truck in Brazil.
August 3, 2020Penske Truck Leasing Adds Core-Mark as EV Customer
Penske Truck Leasing announced longtime customer Core-Mark Holding Co. deployed one of Penske’s Class 8 battery-electric Freightliner eCascadias into its fleet.
August 3, 2020Meritor Names Hannah Lim-Johnson Chief Legal Officer
Meritor Inc. announced Hannah Lim-Johnson joined the company as chief legal officer.
August 3, 2020A. Duie Pyle Expands Integrated Distribution Center
A. Duie Pyle Inc. has expanded its Westfield, Mass., integrated distribution center.
August 3, 2020Lordstown Motors Goes Public Following Reverse Merger
Lordstown Motors Corp., the electric-truck startup that stepped in to save a shuttered General Motors Co. factory in Ohio, will be listed on the Nasdaq and gain an infusion of $675 million through a merger with a publicly traded funding vehicle.
Port Manatee Gains Approval for Expansion
Manatee County Port Authority approved a construction contract for an $8.3 million project to nearly double the size of Port Manatee’s dockside container yard.
August 3, 2020