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.
Schneider Moving Western Intermodal Service to Union Pacific
Schneider is expanding intermodal service by moving its primary western rail partnership to Union Pacific, the company announced Jan. 19.
January 24, 2022Cummins, Isuzu to Co-Develop Prototype BEV
Cummins Inc. and Isuzu Motors announced an agreement to create a prototype medium-duty, battery-electric truck to demonstrate in North America.
January 24, 2022Oil Explorers Are Fracking at Breakneck Pace, Fueling Inflation
Shale oil companies are using almost all of the fracking equipment and crews available as exploration expands, accelerating cost inflation and pointing to worsening supply chain disruptions across the industry.
Bendix Offers Remanufactured BA-921 Compressors
Bendix Commercial Vehicle Systems announced genuine Bendix remanufactured BA-921 compressors for Detroit Diesel DD13 and DD15 engines that meet 2007 and 2010 federal emission standards are now available for the commercial vehicle aftermarket.
January 24, 2022Oil Demand Nears Pre-Pandemic Levels, Saudi Aramco Says
Demand for oil is nearing pre-COVID levels and producers globally are investing too little in supply, Saudi Aramco said.
GM to Spend $6.5 Billion on Michigan EV Factories
LANSING, Mich. — General Motors is poised to announce the week of Jan. 24 major electric vehicle investments in Michigan, with plans to spend $6.5 billion and create up to 4,000 new jobs at two plants.
UCR Fees to Decline by 27% in 2023, FMCSA Says
Fees for Unified Carrier Registration Plan and Agreement participants in 2023 will be reduced by 27% compared with 2022 fees, the Federal Motor Carrier Safety Administration said in a Jan. 21 announcement.
Affinity Truck Center Gains EV Dealer Status
Affinity Truck Center achieved certified electric vehicle dealer status at its Fresno, Calif., dealership from both Mack Trucks and Volvo Trucks North America, each a brand of Volvo Group.
January 21, 2022Shell Drops ‘Royal Dutch’ From Name After Relocation
Shell Plc has dropped “Royal Dutch” from its name, part of a major overhaul of its legal and tax structure announced in December.
CSX Earnings in Q4 Beat Wall Street Expectations
CSX Corp. announced fourth-quarter and year-end earnings that beat Wall Street analysts’ expectations after the markets closed Jan. 20.