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, Fuel

Love’s Travel Stops Founder Tom Love Dies at 85

Love’s Travel Stops & Country Stores founder Tom Love, who grew the company from a single service station to a chain of more than 600 truck stop locations nationwide, died March 7, the company announced. He was 85.

Joe Howard | Executive Editor
March 7, 2023
Government, Business

Su Nominated to Lead Labor Department

President Joe Biden recently nominated Julie Su to serve as the next secretary of the Department of Labor.

Eugene Mulero | Senior Reporter
March 7, 2023
Government, Business, Technology

South Carolina to Help Revival of Scout Motors as EVs

COLUMBIA, S.C. — South Carolina’s governor said March 6 he is going to ask lawmakers to approve nearly $1.3 billion to bring to the state a new electric vehicle plant by Scout Motors Inc.

Jeffrey Collins | Associated Press
March 7, 2023
Business, Technology, Equipment, Safety

Technology, Nuclear Verdicts Among Hot Topics in Panel Discussion

ORLANDO, Fla. — The use of technology and ways to combat nuclear verdicts were among the topics discussed and debated during a roundtable session at the Truckload Carriers Association’s Truckload 2023 Orlando.

Noël Fletcher | Staff Reporter
March 7, 2023
Business, Technology, Autonomous

Founders of Defunct Argo AI Launch New Self-Driving Startup

The founders of Argo AI, the autonomous vehicle company that was shut down last year, are launching a new self-driving business that could specialize in trucking and ride-hailing, according to people familiar with the matter.

March 7, 2023
Government, Business, Safety

FMCSA’s People Focus Is Helping Truck Drivers, Robin Hutcheson Says

ORLANDO, Fla. — The Federal Motor Carrier Safety Administration’s top executive explained to hundreds at a trucking industry gathering that the agency’s focus to invest in people dovetails with its efforts to improve the workplace for drivers.

Noël Fletcher | Staff Reporter
March 7, 2023
Government, Business, Logistics, Global Freight

Global Supply Chains Back to Normal, N.Y. Fed Says

Global supply chains have returned to normal, the Federal Reserve Bank of New York said, almost three years after COVID-19 was declared a pandemic.

Brendan Murray | Bloomberg News
March 6, 2023
Business, Equipment

ArcBest Announces Sale of FleetNet to Cox Automotive

ArcBest Corp. announced that it has reached an agreement to sell the fleet maintenance and repair services business FleetNet America to Cox Automotive Mobility Solutions.

Connor D. Wolf | Staff Reporter
March 6, 2023
Business, Logistics, Global Freight

French Shipping Giant CMA CGM Warns Demand Is Falling

French shipping giant CMA CGM SA warned of a steep drop in demand so far this year, extending a slump that led to a more than halving of quarterly profit.

Tara Patel | Bloomberg News
March 6, 2023
Government, Business, Technology, Autonomous

FMCSA’s Earl Adams Stresses Collaboration for Driverless Technology

ORLANDO, Fla. — Government and industry collaboration is vital in terms of deploying emerging technologies such as autonomous trucks. Earl Adams Jr., deputy administrator of the Federal Motor Carrier Safety Administration, offered that insight  at the TMC's  Annual Meeting and Transportation Technology Exhibition.

March 6, 2023