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

Senate Committee Approves Ocean Shipping Reform Act

WASHINGTON ­— A U.S. Senate panel easily approved legislation meant to facilitate the flow of freight at the country’s ports.

Eugene Mulero | Senior Reporter
March 22, 2022
Government, Business, Fuel

Europe Heading for a Diesel Shortage, Traders Say

Europe is facing the prospect of a shortage of diesel as flows from Russia dwindle in the aftermath of its invasion of Ukraine, senior executives at three trading houses said.

March 22, 2022
Business, Technology, Equipment

Continental Launches Second-Generation CV Tires

Continental, one of the largest automotive suppliers and tire manufacturers in the world, has launched the first products in its second generation of General Tire commercial tires.

March 22, 2022
Business, Technology, Fuel

EV Battery Maker LG to Expand in Michigan

LANSING, Mich. — Electric vehicle battery maker LG Energy Solution plans a $1.7 billion expansion in western Michigan that will add up to 1,200 jobs by 2025, officials announced March 22.

David Eggert | Associated Press
March 22, 2022
Government, Business, Logistics

Canadian Pacific Reaches Deal With Union to End Stoppage

Canadian Pacific Railway said it will resume normal operations after it agreed to work with an arbitrator on a contract for 3,000 workers, ending a two-day work stoppage.

Jen Skerritt | Bloomberg News
March 22, 2022
Business, Logistics, Top 100

A. Duie Pyle to Open Three Locations in Virginia

A. Duie Pyle is opening three new facilities as part of an effort to expand its services into Virginia, the company announced March 15.

Connor D. Wolf | Staff Reporter
March 22, 2022
Business, Equipment, Logistics, Breaking News

Truck Tonnage Up 2.4% Year-Over-Year in February

Truck tonnage in February increased 2.4% compared with the same month a year ago, and American Trucking Associations’ advanced seasonally adjusted For-Hire Truck Index equaled 115.3, the federation announced March 22.

Dan Ronan | Senior Reporter
March 22, 2022
Government, Business, Technology, Logistics, TCA

Iowa Towns Negotiate With Canadian Pacific Over Train Traffic

Cities along the Mississippi River and Canadian Pacific officials are talking about ways to measure and address the impact of its proposed merger with Kansas City Southern. The consolidation could triple the train traffic in the Iowa Quad-Cities.

Sarah Watson | Quad City Times
March 22, 2022
Business, Technology, Equipment, Autonomous

Locomation, Christenson Partner on Automated Truck Deployment

LAS VEGAS — Automated truck developer Locomation has signed an eight-year agreement with Christenson Transportation to deploy its human-guided autonomous convoy technology.

Seth Clevenger | Managing Editor, Features and Multimedia
March 22, 2022
Business, Technology, Equipment, Autonomous

Tesla ‘Gigafactory’ Opens in Germany

BERLIN — Electric car manufacturer Tesla is opening its first European factory March 22 on the outskirts of Berlin in an effort to challenge German automakers on their home turf.

March 22, 2022