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

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.

Martin Crutsinger | Associated Press
August 3, 2020
Government, Business

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.

Andrew Taylor | Associated Press
August 3, 2020
Government, Business, Safety

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.

Eugene Mulero | Senior Reporter
August 3, 2020
Government, Business, Safety

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.

Brian K. Sullivan | Bloomberg News
August 3, 2020
Business, Technology, Autonomous

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, 2020
Business, Technology, Equipment, Fuel

Penske 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, 2020
Business, Equipment

Meritor Names Hannah Lim-Johnson Chief Legal Officer

Meritor Inc. announced Hannah Lim-Johnson joined the company as chief legal officer.

August 3, 2020
Business, Top 100

A. Duie Pyle Expands Integrated Distribution Center

A. Duie Pyle Inc. has expanded its Westfield, Mass., integrated distribution center.

August 3, 2020
Business, Technology

Lordstown 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.

August 3, 2020
Government, Business, Logistics

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