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.
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.
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.
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, 2022New 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.
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.
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, 2022Europe’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.
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.
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.
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.