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.
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, 2022Stoops 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, 2022Navistar, 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, 2022Allstate 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, 2022ATA 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.
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.
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, 2022Exxon 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.
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.
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.