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, Safety

State, Federal Funds to Improve 1-70 Mountain Corridor in Colorado

A $700 million project to improve a notorious mountain bottleneck on Interstate 70 in Colorado is being lauded by stakeholders in the state and Transportation Secretary Pete Buttigieg.

Noël Fletcher | Staff Reporter
March 2, 2022
Business, Logistics

How Freight Volumes Get Suppressed Despite Strong Demand

Carriers have struggled to fully capitalize on high demand because of factors suppressing volumes, American Trucking Associations Chief Economist Bob Costello said March 1.

Connor D. Wolf | Staff Reporter
March 2, 2022
Business, Logistics

FlexCold Names Craig Turner New President

Longtime food distribution and grocery executive Craig Turner on March 1 was named president of FlexCold, a third-party food logistics and cold storage operator based in Charleston, S.C.

March 2, 2022
Business, Technology, Equipment

New Battle Emerges Between Rail Giants CN, CP Over KCS

A wrinkle has emerged in the yearlong, multibillion-dollar battle between rival railroad giants Canadian National Railway and Canadian Pacific Railway Ltd. over which of the Class I railroads will own and operate the smaller, but strategically important, freight carrier Kansas City Southern.

Dan Ronan | Senior Reporter
March 2, 2022
Government, Business

Job Growth More Than Forecast in February, ADP Data Shows

U.S. companies in February added more jobs than forecast as COVID-19 cases dropped and restrictions eased, encouraging more Americans to work.

Emma Kinery | Bloomberg News
March 2, 2022
Business, Technology, Equipment, Top 100

NextGen EkoStinger Fairing Boosts Fuel Savings in Test

Mesilla Valley Transportation Solutions announced that the NextGen EkoStinger, an aerodynamic fairing for Class 8 tractor-trailers, boosted fuel mileage.

March 2, 2022
Government, Business, Safety

Europe’s Biggest Logistics Firms Halt Deliveries Into Russia

Europe’s biggest logistics firms halted shipments to Russia, further isolating the country’s businesses and consumers after its military invaded Ukraine.

William Wilkes | Bloomberg News
March 2, 2022
Business, Equipment

CVG Reports Higher Q4 Net Income, Revenue

CVG, a supplier to the commercial vehicle industry and others, reported increased net income and revenue in the fourth quarter on the strength of its vehicle solutions business, its largest segment.

Roger Gilroy | Senior Reporter
March 2, 2022
Business, Technology, Equipment, Fuel

Ford Reorganizes to Run EV, Engine Businesses Separately

Ford Motor Co. will separate its fast-growing electric vehicle operations from its legacy combustion engine business in a historic reorganization of the 118-year-old company.

March 2, 2022
Government, Business

Labor Department Partners With ATA on Apprenticeship Program

WASHINGTON — The U.S. Department of Labor has partnered with American Trucking Associations for an apprenticeship program that could play a significant role in easing the industry’s driver shortage, and presents motor carriers with an opportunity to directly work with and train new entrants to boost their driving ranks.

Eugene Mulero | Senior Reporter
March 1, 2022