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.
FleetForce Plans to Expand Driver Training Program in Florida
FleetForce Truck Driving School announced plans to open two training facilities in Venice and Fort Myers along Florida’s Gulf Coast in an expansion of its collaborative pre-hire program announced in November.
April 6, 2022ODFL Details Latest Step in Multiyear Expansion Effort
Old Dominion Freight Line Inc.’s strategy of expanding its real estate footprint is helping the carrier add capacity, a company executive said April 5 in an exclusive interview with Transport Topics.
Supply Chain Pressures Soar to a Record, Index Shows
The Logistics Managers’ Index, a measure of U.S. supply chain pressures, rose to a record.
MSC Buys Bollore’s African Logistics Unit
MSC Mediterranean Shipping Co. agreed to buy the African transport and logistics business of Bollore SA for 5.7 billion euros ($6.3 billion) including debt.
FedEx Logistics Opens Global Headquarters in Memphis
FedEx Logistics Inc. opened its new global headquarters in Memphis, Tenn., on April 5.
Werner Partners With Aurora to Haul Freight Autonomously in Texas
Aurora Innovation Inc. has announced a deal to haul freight on a route between Fort Worth and El Paso, Texas, for Werner Enterprises.
Rivian Boosts EV Output Despite Supply Chain Snags
Rivian Automotive Inc. produced 2,553 vehicles in the first quarter as the maker of plug-in trucks contended with a snarled supply chain and pandemic challenges.
House Lawmakers Introduce Trucking Workforce Bill
Legislation aimed at incentivizing individuals to join the trucking workforce was recently introduced in the U.S. House of Representatives.
March Class 8 Orders at 21,000 Stay in Familiar Zone
North American Class 8 orders in March were just over 21,000 and kept pace with the levels over the past few months, ACT Research reported, citing truck makers’ preliminary data.
NHTSA Opens Probe Into LG Electric Vehicle Batteries
DETROIT — U.S. safety regulators have opened an investigation into electric and hybrid vehicle batteries after five automakers issued recalls due to possible defects that could cause fires or stalling.