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.
North Carolina School Gets $1.7 Million to Expand CDL Program
A $1.7 million federal grant to help Guilford Technical Community College in Jamestown, N.C., expand its truck driver training program will be matched with $2.6 million in state funds.
Penske Automotive Group Buys Winnipeg Truck Retailer
Penske Automotive Group on June 5 acquired Transolutions Truck Centres, a Canadian retailer of medium- and heavy-duty commercial trucks and buses.
June 7, 2023HTI Acquires U.S. Trailer Parts & Supply
Hinton Transportation Investments Inc. (HTI) acquired Chicago-based U.S. Trailer Parts & Supply Inc., a distributor of heavy-duty trailer parts, it said June 6.
Ascend Makes Deal With Carmaker on Cathode Plant in Kentucky
Ascend Elements said it has reached a billion-dollar deal with an unnamed automaker to reprocess old batteries into cathode material, at a plant it is building in Hopkinsville, Ky.
Mack Trucks Showcases Upgraded Experience Center
ALLENTOWN, Pa. — Mack Trucks has opened the doors to its renovated Mack Experience Center, complete with an updated test track, redesigned meeting space and a renovated vehicle showroom.
Stellantis’ Goal: Become No. 1 in Light Commercial Vehicles
The maker of Ram, Jeep, Dodge and Chrysler vehicles has set its sights on becoming the world’s top light-commercial vehicle company, but it’s going to face some major obstacles, experts say.
Saddle Creek to Expand 3PL Operations in Four States
Saddle Creek Logistics Services plans to expand its warehousing and fulfillment operations in four markets, the Lakeland, Fla.-based third-party logistics provider said.
Nebraska Soybean Farmers Extol Biodiesel Benefits
A trucking campaign promoting biodiesel fuel to easily lower carbon emissions by the state soybean farmers has been such a success in raising awareness it may be repeated.
Stellantis Weighs Offer From Canada to Save Battery Plant
Stellantis NV and LG Energy Solution Ltd. are reviewing an offer from the Canadian and Ontario governments to salvage an electric vehicle battery plant in Windsor, across from Detroit.
C.H. Robinson Appoints Dave Bozeman as CEO
C.H. Robinson Worldwide has selected former Amazon and Ford Motor Co. executive Dave Bozeman to serve as its next CEO, the company announced June 6.