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, Technology, Fuel

Bentley Pours Billions Into Electric Car Overhaul

LONDON — Bentley Motors is pouring billions into upgrading manufacturing to accelerate its electric vehicle development plan, joining other auto brands shifting away from gasoline engines, the luxury automaker said Jan. 26.

January 26, 2022
Business, Equipment, Safety

Female Drivers Express Concerns About Sharing Cab With Men

Most professional female truck drivers believe their cabs are safe places, but they recommend that motor carriers adopt training policies allowing them the option for a same-gender trainer when involved in on-the-road activities, a new survey shows.

Eric Miller | Senior Reporter
January 26, 2022
Business, Technology, Autonomous

May Mobility Raises $83 Million for AV Shuttle

May Mobility Inc., a self-driving shuttle startup backed by the venture arms of Toyota Motor Corp. and BMW AG, raised $83 million in its largest funding round to date.

Gabrielle Coppola | Bloomberg News
January 26, 2022
Business, Logistics, Top 100

Marten Transport Reports Revenue, Earnings Growth for Q4

Marten Transport saw revenue and earnings grow during the fourth quarter of 2021.

Connor D. Wolf | Staff Reporter
January 25, 2022
Business, Logistics

CN Announces New CEO, Strong Q4 Results

Nearly a year after Canadian National Railway began pursuit of an ultimately unsuccessful $33 billion bid to merge with Kansas City Southern, the company will turn to Tracy Robinson, a former executive at one of CN’s rivals, as the railroad’s new president and CEO.

Dan Ronan | Senior Reporter
January 25, 2022
Business

FleetPride Acquires Assets of Nationwide Truck Service

FleetPride Inc. announced it acquired the assets of Nationwide Truck Service, a Louisville, Ky., company.

January 25, 2022
Government, Business, Safety, Logistics

Under-21 Driver Pilot Program Raises Carrier Reporting Concerns

While trucking industry trade groups have expressed support for a federal apprenticeship program that will train under-21 drivers to operate tractor-trailers across state lines, concerns are being raised that some of the initiative’s reporting requirements for motor carriers are overly burdensome.

Eric Miller | Senior Reporter
January 25, 2022
Business, Technology

Transfix Adds Byars, Mosso to Executive Growth Team

Digital freight platform Transfix has added Guy Byars and Jennifer Mosso to the company’s executive team. The company announced that Byars will serve as senior vice president of carrier growth and Mosso as president of shipper growth.

January 25, 2022
Government, Business, Logistics

Vaccine Rule Raises Shipping Costs for Canadian Grocer

The head of one of Canada’s largest supermarket chains says the vaccine mandate for truckers crossing the U.S.-Canada border is raising the cost of shipping fresh food. But so far, it has had little impact on the retailer’s ability to stock shelves.

Derek Decloet | Bloomberg News
January 25, 2022
Government, Business, Fuel

US Taps Strategic Reserve for 13.4 Million Barrels of Oil

The U.S. Department of Energy announced the loan of 13.4 million barrels of crude oil from its strategic reserve as part of a renewed effort by the Biden administration to contain oil prices that have surged to their highest level since 2014.

January 25, 2022