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, TCA

Return to Sender: Gift Returns Swamping Shippers

Last week, customers at the UPS Store in Seattle’s Interbay neighborhood got a pretty good demonstration of what the global supply chain looks like when you try to run it backward.

Paul Roberts | The Seattle Times
January 10, 2022
Business, Technology

DriverReach Promotes Wendy Bartz to Customer VP Post

DriverReach announced it has promoted director of sales and services Wendy Bartz to vice president of customer experience.

January 7, 2022
Business, Fuel

Love’s Opens Four New Stores

Love’s Travel Stops recently opened four new locations, including a total of 280 additional truck parking spaces and more than 190 jobs, the company announced Dec. 9.

January 7, 2022
Business, Technology, Autonomous, TCA

Autonomous Truck Company Torc to Open Hub in Texas

Torc Robotics is opening an Austin, Texas, engineering hub to accelerate development of its self-driving truck technology.

Lori Hawkins | Austin American-Statesman
January 7, 2022
Business, Technology, Autonomous, TCA

Cadillac Unveils Concept AV InnerSpace

Cadillac revealed the InnerSpace concept two-passenger electric and autonomous luxury vehicle Jan. 6 at CES in Las Vegas.

Kalea Hall | The Detroit News
January 7, 2022
Government, Business, Technology, Safety, Logistics

Supreme Court Weighs Vaccine Rules

The Supreme Court appears divided on legal challenges centering on the scope and federal authority of the Biden administration’s sweeping proposed COVID vaccine mandate, which would require private-sector firms to vaccinate or test tens of millions of employees.

Eric Miller | Senior Reporter
January 7, 2022
Business, Technology, Equipment, Autonomous

Paccar, Aurora Showcase Autonomous Truck at CES 2022

LAS VEGAS — Paccar Inc. and self-driving technology company Aurora showcased one of their autonomous trucks during CES 2022 on Jan. 6.

Connor D. Wolf | Staff Reporter
January 7, 2022
Government, Business

US Adds Fewer Jobs Than Forecast; Unemployment Rate Falls

U.S. employers added fewer jobs in December than forecast, while the jobless rate fell below 4% and wages jumped, adding to evidence of a tight labor market that’s expected to help spur Federal Reserve interest rate liftoff as soon as March.

Reade Pickert | Bloomberg News
January 7, 2022
Government, Business, Technology, Equipment, Autonomous

Deere Expects ‘Slow’ Rollout of Autonomous Tractors

Deere & Co. is being cautious in its rollout of self-driving tractors, a technology which the agriculture industry thinks could revolutionize farming.

Joe Deaux and Ed Ludlow | Bloomberg News
January 7, 2022
Government, Business, Logistics

Trucker Snarl in East China Hits Container Shipping

A suspension of trucking services in several parts of east China’s Zhejiang province has slowed the transportation of manufactured goods and commodities through one of the world’s most important ports.

January 7, 2022