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, Logistics

Walmart Mulls Options for Part of Central American Business

Walmart Inc. is studying strategic alternatives for its operations in Honduras, El Salvador and Nicaragua, signaling another potential move to narrow its focus abroad.

Brendan Case | Bloomberg News
January 25, 2022
Business, Logistics

World’s Largest Container Line Makes Play for Italian Air Carrier

Mediterranean Shipping Co. is seeking a controlling stake in new Italian flag carrier ITA Airways through a deal that would also include Deutsche Lufthansa AG.

January 25, 2022
Government, Business, Technology, Safety

Delay in Creating New Cybersecurity Board Prompts Concern

RICHMOND, Va. — It’s a key part of President Joe Biden’s plans to fight major ransomware attacks and digital espionage campaigns: creating a board of experts that would investigate major incidents to see what went wrong and try to prevent the problems from happening again — much like a transportation safety board does with plane crashes.

Alan Suderman | Associated Press
January 25, 2022
Government, Business, Fuel

Electric Vehicle Push Unites Warring Oil, Corn Allies

Lawmakers who support the rival petroleum and ethanol industries have joined forces to oppose the Biden administration’s push to electrify the federal vehicle fleet, marking a rare moment of unity between oft-warring interests.

Jennifer A. Dlouhy | Bloomberg News
January 24, 2022
Business, Technology, Fuel, Autonomous

Paccar Sets Stage for Pure Electric Truck Platform

Paccar is in the initial stages of designing a new Class 8 electric truck platform freed from the constraints of having a diesel powertrain and a complex exhaust system.

Jerry Hirsch | Contributing Writer
January 24, 2022
Government, Business, Technology, Safety

Logistics Community, Clarience Step Up to Help After Tornadoes in December

The American Logistics Aid Network started mobilizing members of the logistics community last month to help provide relief to tornado victims.

January 24, 2022
Business, Technology, Fuel

Rush Enterprises Splits Momentum Fuel Technologies With Cummins

Cummins has closed on its acquisition of a 50% equity interest in Momentum Fuel Technologies from Rush Enterprises, the companies announced Jan. 18.

January 24, 2022
Government, Business, Logistics

Rail Unions Seek Mediator With Talks ‘Completely Stalled’

Labor unions representing about 100,000 U.S. railroad workers say contract negotiations have broken down after more than two years of talks with several carriers.

Thomas Black | Bloomberg News
January 24, 2022
Government, Business, Safety

FMCSA Issues Alternative Standard for Monocular Drivers

Federal trucking regulators have published a new vision standard that will remove the requirement that truck drivers with normal vision in only one eye seek an exemption from the agency.

Eric Miller | Senior Reporter
January 24, 2022
Business, Technology, Safety, Top 100

KLLM Announces Largest Driver Pay Increase in Company History

KLLM Transport Services is implementing the largest comprehensive pay and compensation increase in its history, the company announced Jan. 18.

January 24, 2022