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.
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.
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.
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, 2022EV 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.
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.
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.
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.
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.
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.
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