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.
AOI Capital Acquires RK Logistics Group
Third-party logistics company RK Logistics Group announced April 15 that it has been acquired by a group of investors led by the investment firm AOI Capital.
April 18, 2022Rivian’s EV Factory Remains Constrained by Chip Shortage
Rivian Automotive Inc.’s “launch mode” is impressive — at least on its trucks. The assembly lines are perfectly capable of cruising speed; they just need more computer chips.
NHTSA Opens Two Defect Investigations Into Tesla Autopilot
The National Highway Traffic Safety Administration, which has the authority to force recalls, has opened two formal defect investigations that could ultimately lead Tesla Inc. to have to retrofit cars and restrict use of Autopilot in situations it still can’t safely handle.
Twitter Adopts ‘Poison Pill’ Defense in Musk Takeover Bid
PROVIDENCE, R.I. — Twitter said April 15 that its board of directors has unanimously adopted a “poison pill” defense in response to Tesla CEO Elon Musk’s proposal to buy the company for more than $43 billion and take it private.
Texas Halts Inspections That Led to Border Gridlock
AUSTIN, Texas — Texas Gov. Greg Abbott on April 15 repealed his traffic-clogging immigration order that backed up commercial trucks at the U.S.-Mexico border, after a week of intensifying backlash and fears of deepening economic losses.
Trucking Stakeholders Offer Advice, Caution on EPA Proposal
The trucking industry urged federal regulators to consider how a proposal to tighten emissions limits on engines will affect motor carriers, as they’re the ones who will ultimately deploy the equipment subject to the new rules.
International MV Series Now Supports Snowplow Applications
Navistar has introduced a chassis configuration for the International MV-series medium-duty truck that is designed for snowplow applications.
April 15, 2022Kenworth Constructing Test Building at Ohio Plant
Kenworth Truck Co. began construction on a $45 million, 105,000-square-foot test building addition to its Class 8 truck assembly plant in Chillicothe, Ohio.
April 15, 2022Bosch, Amazon to Collaborate on Digital Services
Bosch Group’s Mobility Solutions sector and cloud provider Amazon Web Services announced they have entered a strategic collaboration to work toward improving efficiency and sustainability in the transportation and logistics industry.
April 15, 2022Link Opens Two New Facilities
Link Mfg., a manufacturer of specialty-engineered suspensions, suspension controls and air management products and a Tier 1 supplier to heavy-duty commercial truck manufacturers, announced it opened two new facilities.
April 15, 2022