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, Fuel, TCA

Merchants Fleet Expands Order of BrightDrop EVs

DETROIT — BrightDrop, a General Motors Co. startup making electric delivery vehicles, said Nov. 18 that Merchants Fleet is planning to expand its purchase order to receive a total of 18,000 BrightDrop EVs.

Kalea Hall | The Detroit News
November 19, 2021
Business, Safety, Fuel

Texas, Midwest at Risk of Blackouts if Winter Brings Deep Freeze

Power grids from Texas to the Midwest are at risk of blackouts if a prolonged deep freeze sets in this winter, regulators warned Nov. 18.

November 18, 2021
Government, Business, Technology

US House Debates $1.75 Trillion Climate, Social Infrastructure Bill

A nearly $2 trillion bill representing key elements of President Joe Biden’s climate and social infrastructure agenda is under consideration before the U.S. House of Representatives.

Eugene Mulero | Senior Reporter
November 18, 2021
Business, Logistics

John Christner Trucking’s Gina Bartley Wins TT Recruiting Award

NASHVILLE, Tenn. — Gina Bartley, the director of recruiting at John Christner Trucking, was named the Transport Topics Recruiting Professional of the Year at the annual Recruitment and Retention Conference.

Dan Ronan | Senior Reporter
November 18, 2021
Business, Technology

Irish Firm AMCS Acquires Dossier Systems

AMCS has acquired Philadelphia-based fleet maintenance management software solutions provider Dossier Systems, the Limerick, Ireland-based company announced Nov. 16.

November 18, 2021
Business, Fuel

Russian Fleet Heading to New York May Help Ease Diesel Pain

A fleet of tankers laden with Russian diesel heading to the U.S. East Coast may help to alleviate the most expensive retail prices for the fuel in seven years.

Lucia Kassai | Bloomberg News
November 18, 2021
Government, Business, Safety, Logistics

Southern California Port Officials Say Crisis Easing

The Port of Los Angeles has suspended plans to charge shippers for containers that have been piling up at the facility, an announcement made the day that Transportation Secretary Pete Buttigieg during a virtual visit pledged support from the Biden administration to help ease stress on the nation’s crowded supply chain.

Dan Ronan | Senior Reporter
November 18, 2021
Business, Technology, Equipment, Safety, Fuel

Electric Vehicles Rank Low in Consumer Reports Reliability Study

Electric vehicles fare poorly in the latest reliability study from Consumer Reports, with Tesla Inc. and its battery-powered lineup finishing second-to-last for the second straight year. Only Ford Motor Co.’s Lincoln division was worse, the publisher said Nov. 18.

David Welch | Bloomberg News
November 18, 2021
Business, Logistics, Top 50

Royal Mail Hands $540 Million to Investors on Parcel Windfall

Royal Mail Plc will return $540 million to shareholders, saying it’s increasingly confident that the online shopping boom spurring parcel deliveries will persist.

Christopher Jasper | Bloomberg News
November 18, 2021
Government, Business

Jobless Claims Drop for Seventh Straight Week to 268,000

The number of Americans applying for unemployment benefits fell for the seventh straight week to a pandemic low of 268,000.

Paul Wiseman | Associated Press
November 18, 2021