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

Road Deaths Rise at Record Pace as Risky Driving Persists

WASHINGTON — The number of U.S. traffic deaths surged in the first nine months of 2021 to 31,720, the government reported Feb. 1, keeping up a record pace of increased dangerous driving during the coronavirus pandemic.

Hope Yen | The Associated Press
February 1, 2022
Business, Technology, Safety, Top 100

Fleets Can Take Steps to Reduce Risk of Cybersecurity Threats

It may not be possible to eliminate cybersecurity breaches, but with the right safeguards in place, trucking and logistics companies can reduce the risk of being hacked or falling victim to a ransomware attack, industry experts said.

Hilary Daninhirsch | Special to Transport Topics
February 1, 2022
Business, Technology, Equipment, Autonomous

Tesla Agrees to Drop Self-Driving Feature That Runs Stop Signs

Tesla Inc. is disabling a feature of its so-called Full Self-Driving system that permitted its vehicles to slowly roll through intersections without coming to a complete halt when no other cars or pedestrians were present.

Keith Laing | Bloomberg News
February 1, 2022
Business, Logistics, Top 100

UPS Surges After 2022 Forecasts Exceed Wall Street’s Estimates

UPS Inc. on Feb. 1 announced record fourth-quarter and full-year financial results, as online holiday shopping boosted home parcel deliveries while an increase in medical shipments kept the company’s drivers and trucks busy.

Dan Ronan | Senior Reporter
February 1, 2022
Business, Technology, Equipment, Fuel, Top 100

Werner to Validate Cummins 15-Liter Natural Gas, Hydrogen Engines

Werner Enterprises and Cummins Inc. announced Werner will begin validation and integration of Cummins’ recently announced 15-liter natural gas and 15-liter hydrogen internal combustion engines in its vehicles.

Roger Gilroy | Senior Reporter
February 1, 2022
Business, Fuel

Exxon Restructures Divisions, Packs Up for Houston

NEW YORK — Exxon Mobil is restructuring its business into three divisions and moving its headquarters 250 miles south from Irving, Texas, to its campus north of Houston.

January 31, 2022
Business, Technology, Equipment, Logistics, Top 50

DHL Invests in Robots to Automate Warehousing in North America

DHL Supply Chain is investing $15 million in robotics solutions from Boston Dynamics to further automate its warehousing in North America, the Westervillle, Ohio, company announced Jan. 26.

January 31, 2022
Government, Business, Equipment, Logistics

Qatar Airways Orders 50 Boeing 777X Freighters

Boeing Co. formally launched its 777X freighter as Qatar Airways committed to purchasing up to 50 of the wide-body cargo haulers, kicking off sales of the planemaker’s first new jet program in nearly five years.

January 31, 2022
Business, Equipment, Top 50, Top 100

J.B. Hunt Set to Acquire Zenith Freight Lines for $87 Million

J.B. Hunt Transport Services has entered into a definitive agreement to acquire the assets of Zenith Freight Lines for approximately $87 million.

January 31, 2022
Government, Business, Technology, Safety

N.J. DOT Latest to Offer Truckers Real-Time Traffic Alerts

New Jersey has launched a traffic-alert system using Drivewyze to warn commercial truckers about potential safety issues along 600 miles of state highways.

Noël Fletcher | Staff Reporter
January 31, 2022