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.

Government, Business, Safety, TCA

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.

Annette Ayres | News & Record, Greensboro, N.C.
June 7, 2023
Business, Equipment

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, 2023
Business, Equipment

HTI 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.

Keiron Greenhalgh | Staff Reporter
June 7, 2023
Government, Business, Technology, Fuel

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.

Tom Randall | Bloomberg News
June 7, 2023
Business, Technology, Equipment

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.

Joe Howard | Executive Editor
June 6, 2023
Business, Technology, Equipment, Fuel, TCA

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.

Breana Noble | The Detroit News
June 6, 2023
Business, Logistics

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.

Keiron Greenhalgh | Staff Reporter
June 6, 2023
Business, Equipment, Fuel

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.

Noël Fletcher | Staff Reporter
June 6, 2023
Government, Business, Fuel

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.

Laura Dhillon Kane | Bloomberg News
June 6, 2023
Business, Logistics

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.

Connor D. Wolf | Staff Reporter
June 6, 2023