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, Safety

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, 2022
Business, Logistics

ODFL 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.

Connor D. Wolf | Staff Reporter
April 6, 2022
Business, Logistics

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.

Brendan Murray | Bloomberg News
April 6, 2022
Business, Logistics, Top 100

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.

Anthony Palazzo | Bloomberg News
April 6, 2022
Business, Logistics, Top 100

FedEx Logistics Opens Global Headquarters in Memphis

FedEx Logistics Inc. opened its new global headquarters in Memphis, Tenn., on April 5.

Connor D. Wolf | Staff Reporter
April 6, 2022
Business, Technology, Autonomous, Top 100

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.

Jerry Hirsch | Contributing Writer
April 6, 2022
Business, Fuel

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.

Ed Ludlow | Bloomberg News
April 5, 2022
Government, Business

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.

Eugene Mulero | Senior Reporter
April 5, 2022
Business, Equipment

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.

Roger Gilroy | Senior Reporter
April 5, 2022
Government, Business, Technology, Fuel

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.

Tom Krisher | Associated Press
April 5, 2022