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, Top 100

Forward Air Announces General Rate Increase

Forward Air Corp. announced a general rate increase of 7.9%, applicable to rates established under existing tariffs effective Feb. 1.

December 9, 2021
Business, Technology, Safety, Autonomous, TCA

Austin Startup Bets on AI Reshaping the Trucking Industry

Austin-based trucking startup AI Fleet is betting that using artificial intelligence technology and focusing on drivers could help transform the trucking industry.

Kara Carlson | Austin American-Statesman
December 9, 2021
Business

Dana Names Timothy Kraus Chief Financial Officer

Dana Inc. announced the appointment of company veteran Timothy Kraus as chief financial officer.

December 9, 2021
Business, Technology, Autonomous

VW Boosts Future Tech Spending, Enlarges Management Board

Volkswagen AG raised its five-year spending plan and overhauled its management board, seeking to catch up with Tesla Inc. and end an internal dispute over the changes needed to get there.

Christoph Rauwald | Bloomberg News
December 9, 2021
Business, Technology, Safety, Autonomous

Mercedes Beats Tesla to Hands-Free Driving on the Autobahn

Daimler AG’s Mercedes-Benz won regulatory approval to deploy a hands-free driving system in Germany ahead of Tesla Inc., gaining an edge in the race to offer higher levels of automation in one of the world’s most competitive car markets.

William Wilkes | Bloomberg News
December 9, 2021
Government, Business

Jobless Claims Decline to Lowest Level Since 1969

Applications for U.S. state unemployment benefits declined last week to the lowest level since 1969, illustrating difficulties adjusting the raw data for seasonal effects.

Jordan Yadoo | Bloomberg News
December 9, 2021
Government, Business, Technology, Equipment

November Class 8 Orders Tumble in Historic Fall

A rosy supply chain arriving this holiday season to release handcuffed truck makers and reward fleets awaiting new trucks would certainly be a great gift to the industry — well, maybe next year.

Roger Gilroy | Senior Reporter
December 9, 2021
Government, Business, Safety

Senate Resolution Rejects Vaccine Mandate for Private Employers

WASHINGTON — The Senate narrowly approved a resolution Dec. 8 to nullify the Biden administration’s requirement that businesses with 100 or more workers have their employees be vaccinated against the coronavirus or submit to weekly testing.

Kevin Freking | Associated Press
December 8, 2021
Government, Business, Logistics

Senate Panel Examines Supply Chain Disruptions

WASHINGTON — To help alleviate ongoing supply chain woes, a senior transportation policymaker in the U.S. Senate suggested federal agencies as well as industries look to ports along the Great Lakes.

Eugene Mulero | Senior Reporter
December 8, 2021
Business

Canadian Pacific Shareholders Back Purchase of Kansas City Southern

Canadian Pacific’s $31 billion plan to acquire Kansas City Southern cleared one of its final hurdles Dec. 8 when CP shareholders overwhelmingly approved the deal that would create the first railroad connecting the United States, Canada and Mexico.

Josh Funk | Associated Press
December 8, 2021