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, Equipment, Logistics

Georgia’s Port of Savannah Has Big Expansion Plans

Already the second-busiest port on the Atlantic coast, Georgia’s Port of Savannah has big expansion plans.

February 28, 2022
Business, Equipment

Stoops Freightliner-Quality Trailer Expands in Michigan

Stoops Freightliner–Quality Trailer reached an agreement to acquire TNT Trailer Sales, a full-service semi-trailer dealership located in suburban Detroit.

February 25, 2022
Business, Technology, Equipment

Navistar, MAN Executives Switch Posts Under Traton

Göran Nyberg, executive member for sales and customer solutions at MAN Truck & Bus SE, will join Navistar as executive vice president of commercial operations March 1.

February 25, 2022
Business, Equipment

Allstate Peterbilt Group Wins Dealer of the Year Recognition

Peterbilt Motors Co. awarded its dealer of the year recognition to Allstate Peterbilt Group on Feb. 8.

February 25, 2022
Government, Business, Safety

ATA President Spear Gives Inside Look at Supreme Court Win

American Trucking Associations President Chris Spear in an exclusive interview for Transport Topics’ Newsmakers series shared behind-the scenes details on ATA’s decision to lead a challenge to the Biden administration’s proposed vaccine mandate for large companies.

Dan Ronan | Senior Reporter
February 25, 2022
Business, Logistics, Top 50

Americold Narrows Loss, Names George Chappelle New CEO

Refrigerated warehouse operator Americold Realty Trust narrowed its loss in the fourth quarter and posted a large gain in revenue. It also made interim CEO George Chappelle’s position permanent.

Jerry Hirsch | Contributing Writer
February 25, 2022
Business, Logistics

Roberts Energy Acquires Abenaqui Carriers

Direct fuel supplier Roberts Energy and its transport division Brown Bear Transportation announced Feb. 21 the acquisition of Abenaqui Carriers.

February 25, 2022
Business, Technology, Fuel

Exxon to Build $400 Million Wyoming Carbon-Capture Project

Exxon Mobil Corp. reached a final investment decision on expanding a carbon-capture facility at LaBarge in Wyoming with the $400 million endeavor expected to start up by 2025.

Kevin Crowley | Bloomberg News
February 25, 2022
Business, Technology, Fuel

Northvolt Plans a Third Battery Materials Factory in Sweden

Northvolt AB plans to convert a closed paper mill in Sweden into a new battery materials factory, adding a third production facility in the Nordic country to supply demand fueled by the growing electrification of transport.

Rafaela Lindeberg | Bloomberg News
February 25, 2022
Government, Business

Key Inflation Gauge Hit 6.1% in January

WASHINGTON — An inflation gauge that is closely monitored by the Federal Reserve jumped 6.1% in January compared with a year ago, the latest evidence that Americans are enduring sharp price increases that will likely worsen after Russia’s invasion of Ukraine.

Christopher Rugaber | Associated Press
February 25, 2022