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

Walgreens Said to Explore Sale of U.K. Unit

Walgreens Boots Alliance Inc. is exploring a sale of U.K. drugstore chain Boots so it can focus on its North American business, according to a person familiar with the matter, potentially undoing billionaire Stefano Pessina’s 2014 blockbuster transatlantic merger.

Aaron Kirchfeld | Bloomberg News
December 3, 2021
Business, Technology, Equipment, Safety, Top 100

Better Planning, Equipment Maintenance Are Key to Improved Loading Dock Efficiency

In a time when supply chain issues have reached critical mass, trucking and warehouse companies, as well as dock equipment managers, have been searching for solutions for better efficiency.

Mindy Long | Special to Transport Topics
December 3, 2021
Government, Business

AASHTO Hands Out Awards for Service

The American Association of State Highway and Transportation Officials honored several individuals with awards for their outstanding service at the organization’s annual meeting.

December 3, 2021
Business, Technology, Fuel, Autonomous

Musk Says Cybertruck Will Be Able to Drive Diagonally

Elon Musk, CEO of Tesla, responded to a tweet speculating about what versions of the Cybertruck will be available for purchase by saying initial production will be of the four-motor variant.

Patrick McHale | Bloomberg News
December 3, 2021
Government, Business, Safety

S.C. Ports Authority Makes $24,000 Food Bank Donation

South Carolina Ports announced a donation of $24,000 to the Lowcountry Food Bank to help feed those in the low country region of the state who struggle with hunger.

December 3, 2021
Business, Technology, Fuel, TCA

Ford Sales Tops Again; Poised to Outsell GM’s EVs

Ford Motor Co. claimed it was the best-selling automaker in the U.S. for the third consecutive month in November, a streak it hasn’t achieved since 1974, as it reported a 5.9% year-over-year sales boost for the month.

Jordyn Grzelewski | The Detroit News
December 3, 2021
Business, Logistics, Top 100

McLane Names Chris Smith to Lead Grocery Unit

McLane Co. Inc. announced Chris Smith joined the company as president of McLane Grocery, a $33 billion business unit that provides supply chain service to more than 70,000 retail locations.

December 3, 2021
Business, Equipment

Greenbrier Railcar Orders Reach $670 Million in Fiscal Q1

The Greenbrier Cos. Inc. announced it received new orders of 6,200 railcars valued at $670 million during the first fiscal quarter that began Sept. 1.

December 3, 2021
Government, Business, Technology, Fuel, Autonomous

Elon Musk’s Tesla Share Sales Pass $10 Billion

Elon Musk’s offloading of Tesla Inc. shares surpassed the $10 billion mark as he sold stock in the electric car maker for the fourth consecutive week.

December 3, 2021
Government, Business

Employers Added a Sluggish 210,000 Jobs in November

WASHINGTON — America’s employers slowed the pace of their hiring in November, adding 210,000 jobs, the fewest in nearly a year.

Christopher Rugaber | Associated Press
December 3, 2021