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

State, Local Officials Play Vital Role in Infrastructure

Counties play a vital role delivering transportation projects funded by the federal $1.2 trillion infrastructure bill, Transportation Secretary Pete Buttigieg told local municipal officials.

Noël Fletcher | Staff Reporter
February 15, 2022
Business, Technology, Equipment, Autonomous

Alphabet’s Wing Elevates Adam Woodworth to CEO

Alphabet Inc.’s Wing unit elevated its leading technology official to head the company as it seeks to rapidly expand its drone delivery operations, including in the Dallas suburbs.

Alan Levin | Bloomberg News
February 15, 2022
Business, Technology, Equipment

Intel Says It Will Buy Tower Semiconductor for $5.4 Billion

SANTA CLARA, Calif. — Intel said it is buying Israeli company Tower Semiconductor for $5.4 billion in a deal that could give the California chipmaking giant an edge in the business of making custom-designed chips.

February 15, 2022
Business, Technology, Equipment, Autonomous

Elon Musk Donated $5.7 Billion of Tesla Shares to Charity

Elon Musk gifted almost $6 billion worth of Tesla Inc. stock to charity late last year in one of the largest philanthropic donations in history.

February 15, 2022
Government, Business, Technology, Equipment

Toyota North America Plant Disruptions Drag Into Second Week

Toyota Motor Corp.’s North America operations continue to be disrupted after protests closed off the Ambassador Bridge linking the U.S. and Canada, hurting production at several of the automaker’s plants in the region.

River Davis | Bloomberg News
February 15, 2022
Business, Technology, Equipment

Kenworth Debuts 18-Speed Transmission Lineup

Kenworth has developed a new 18-speed automated transmission, offering a version for heavy Class 8 trucking and some off-highway uses.

Jerry Hirsch | Contributing Writer
February 15, 2022
Business, Technology

Digital Presence Plays Vital Role in Recruiting, Survey Shows

Digital technologies are playing an increasingly pivotal role in terms of finding and keeping drivers, according to a report Feb. 14.

Connor D. Wolf | Staff Reporter
February 15, 2022
Business, Technology, Equipment

REPLAY: En(Gauge) - Equipment & Maintenance Sessions

If you want to better understand current conversations in equipment and maintenance — from HVAC maintenance and trailer exemption rules to recruiting and retaining diesel technicians — then join us at En(Gauge)!

February 15, 2022
Business, Technology, Autonomous

Baidu’s Self-Driving Vehicles Take a Turn With Olympics Showcase

The 2022 Winter Olympics in Beijing promised another big opportunity for autonomous vehicle testing in a real-world situation, this time in vehicles made by one of China’s biggest technology companies, Baidu.

Andrew Grant | Bloomberg News
February 15, 2022
Business, Equipment, Logistics

Maersk Chairman to Leave Board as Family Member Takes Over

A.P. Moller-Maersk A/S’s chairman, Jim Hagemann Snabe, is leaving his position to pave the way for a Maersk family member to take over the job of overseeing the Danish shipping giant.

Christian Wienberg | Bloomberg News
February 15, 2022