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, Logistics, TCA

Border Inspections Lost Texas $4.2 Billion, Economist Says

DALLAS — Long wait lines for trucks at the border after Gov. Greg Abbott ordered increased inspections cost Texas more than $4.2 billion in goods and services and the equivalent of 36,000 jobs, a report from Texas economist Ray Perryman said April 20.

Kyle Arnold | The Dallas Morning News
April 21, 2022
Business, Technology, Autonomous

US Drone Company Zipline Starts Delivering Medicine in Japan

TOKYO — Zipline, an American company that specializes in using autonomously flying drones to deliver medical supplies, has taken off in Japan.

Yuri Kageyama | Associated Press
April 21, 2022
Business, Technology, Equipment

Navistar Expands Alabama Plant for Powertrain Production

Navistar Inc., a division of Germany-based Traton Group, announced it is positioned to introduce an all-new integrated powertrain to the North American market at its expanded powertrain manufacturing plant in Huntsville, Ala.

Roger Gilroy | Senior Reporter
April 21, 2022
Business, Technology, Equipment, Safety, Logistics, Autonomous

Amazon to Invest $1 Billion in Logistics, Robotics Companies

Amazon.com Inc. says it plans to invest $1 billion in companies developing technologies in logistics, supply chain management and safety, as the retailer seeks to keep an eye on new ideas that might aid its core business.

Matt Day | Bloomberg News
April 21, 2022
Business, Technology, Logistics, Private

Amazon Targets Shopify With New ‘Buy With Prime’ Service

Amazon.com Inc. said it will let merchants sell products they list with the e-commerce giant directly from their own websites, as part of a move to blunt the momentum of fast-growing competitor Shopify Inc.

Spencer Soper | Bloomberg News
April 21, 2022
Government, Business, Technology, Equipment, Autonomous

Daimler’s Martin Daum: Autonomous Trucks Will Benefit Industry Without Threatening Jobs

ALBUQUERQUE, N.M. — As autonomous trucks gradually move closer to commercialization, Daimler Truck CEO Martin Daum sees this technology delivering a range of benefits for fleet customers and for society at large.

Seth Clevenger | Managing Editor, Features and Multimedia
April 21, 2022
Business, Technology, Fuel, Autonomous

Tesla Q1 Earnings 7 Times More Than Year Ago

DETROIT — Tesla reported April 20 that its first-quarter net earnings were more than seven times greater than a year ago, powered by strong sales despite global supply chain kinks and pandemic-related production cuts in China.

Tom Krisher | Associated Press
April 20, 2022
Business, Logistics

Ports on Both Coasts Set Records in March

Container ports in March were operating at, or near, record levels on the Pacific and Atlantic coasts.

Dan Ronan | Senior Reporter
April 20, 2022
Government, Business, Equipment, Safety

Pennsylvania Lawyer Employs Creative Strategy in Crash Case

Attorney Doug Marcello of Carlisle, Pa., recently had an opportunity to deploy a unique legal strategy to help avoid the potential for a multimillion dollar “nuclear” verdict.

Eric Miller | Senior Reporter
April 20, 2022
Business, Technology, Equipment

Thermo King Rolls Out New Trailer Refrigeration Unit

Thermo King introduced the Precedent S-750i trailer refrigeration unit, its latest innovation in transport refrigeration for longhaul and local food distribution — with a diesel-electric architecture optimized for shore power integration.

April 20, 2022