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, Equipment

Clarience Technologies Prepares for Smart Future

Davco, a unit of Clarience Technologies, announced it is investing $3.5 million in its Saline, Mich., campus to create an advanced electronics manufacturing center.

Roger Gilroy | Senior Reporter
January 12, 2022
Business, Technology, Equipment, Fuel

Georgia County Lands Two EV Development Projects

Newton County, Ga., has landed two major electric vehicle development projects that potentially could provide thousands of jobs in the fast-growing suburb east of Atlanta.

January 12, 2022
Government, Business, Logistics

Secretary Buttigieg Praises Port Efforts on Supply Chain

Transportation Secretary Pete Buttigieg during a Jan. 11 tour of the ports of Los Angeles and Long Beach lauded the efforts that have kept freight moving through the facilities amid crushing backlogs.

Dan Ronan | Senior Reporter
January 12, 2022
Business, Logistics

US Online Holiday Spending Grows at Slowest Rate in Seven Years

Online shopping for holiday gifts last year in the U.S. grew at the slowest rate since at least 2014, according to Adobe Analytics, after a blowout year in 2020.

Jordyn Holman | Bloomberg News
January 12, 2022
Business

VW Sales Drop to Lowest in Decade

Volkswagen AG sales dropped to the lowest in a decade last year after the global semiconductor shortage hampered the German manufacturer’s auto output.

Monica Raymunt | Bloomberg News
January 12, 2022
Business, Logistics

Supply Chain Snags, Quarantines Hurt Global Air Cargo Growth

Global air cargo growth slowed sharply in November as demand was hit by supply chain disruptions, partly because COVID-19 restrictions left workers stuck in quarantine, causing labor shortages.

Will Davies | Bloomberg News
January 12, 2022
Government, Business, Technology, Logistics

US Shoppers Find Some Groceries Scarce Due to Virus, Weather

Benjamin Whitely headed to a Safeway supermarket in Washington, D.C., on Jan. 11 to grab some items for dinner. But he was disappointed to find the vegetable bins barren and a sparse selection of turkey, chicken and milk.

Dee-Ann Durbin | Associated Press
January 11, 2022
Government, Business, Technology, Equipment, Safety, Autonomous

USDOT Updates Innovation, Technology Principles

The federal regulatory landscape for transportation operations must prioritize safety, economic growth and climate change, the leadership at the U.S. Department of Transportation recently affirmed in a series of guiding principles.

Eugene Mulero | Senior Reporter
January 11, 2022
Business, Logistics

Ascend Joins TL Ranks, Names Michael McLary CEO

Ascend, launched Jan. 10 as a dry van truckload carrier and freight brokerage, announced it named Michael McLary CEO.

January 11, 2022
Business, Technology, Fuel, Autonomous

Tesla Strikes Deal for Nickel for Batteries to Ensure Supply

Tesla Inc. agreed to purchase nickel supplies from miner Talon Metals Corp. as an expected surge in demand spurs automakers to secure access to battery metals and other electric car parts.

Joe Deaux | Bloomberg News
January 11, 2022