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.
Milton Wants to Inspect Nikola Vehicles Feds Say He Lied About
Nikola Corp. founder Trevor Milton claims federal prosecutors refused access to the company’s vehicles and equipment he says are crucial to his defense against fraud charges.
VTNA Slates Production on Enhanced VNR Electric for Q2
Volvo Trucks North America announced production of the enhanced Volvo VNR Electric model will begin in the second quarter.
January 14, 2022Two Key Executives to Depart Walmart
Walmart Inc. is losing two key executives in its U.S. operation as the retail giant ramps up its online offerings and attempts to reverse last year’s disappointing stock market performance.
DOT Dedicates $27 Billion to Bridge Repairs Nationwide
The Transportation Department is launching a $27 billion program to repair and upgrade roughly 15,000 highway bridges as part of the infrastructure law approved in November.
Bollinger Motors Shifts Focus to Medium-Duty Trucks
Bollinger Motors announced a postponement to its consumer-truck production and delivery.The electric vehicle manufacturer intends now to focus its efforts on commercial all-electric platforms and chassis cabs for commercial vehicles in Classes 3-6.
January 14, 2022December Retail Sales Slip After Record Holiday Season
NEW YORK — Americans overlooked shortages, spiking prices and uncertainty over the omicron variant to break spending records during the critical holiday shopping season. But figures released Jan. 14 show that after spending robustly early in the holiday season, consumers sharply slowed their purchases from November to December.
Geodis Announces Recent Promotions
Geodis is a global supply chain operator that offers supply chain optimization, freight forwarding, contract logistics, distribution and road transport.
January 14, 2022Volvo Receives Recognition for Clean Air Technology
Volvo Group North America won an award for its clean air technology efforts, the company announced last month.
January 14, 2022Thieves Raiding Rail Cargo Containers in Los Angeles
LOS ANGELES — Thieves have been raiding cargo containers aboard trains nearing downtown Los Angeles for months, taking packages belonging to people across the U.S. and leaving the tracks blanketed with discarded boxes.
January 14, 2022Covenant Signs Letter of Intent for 50 Nikola Vehicles
Covenant Logistics Group is planning to add 50 zero-emission vehicles from Nikola Corp. to its fleet, the logistics company announced Jan. 11.
January 14, 2022