Business
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.
Appeals Court Stays Vaccine Mandate on Larger Businesses
NEW ORLEANS — A federal appeals court on Nov. 6 temporarily halted the Biden administration’s vaccine requirement for businesses with 100 or more workers.
November 6, 2021Biden to Sign $1 Trillion Infrastructure Bill Nov. 15
A $1 trillion infrastructure package that includes billions of dollars for roads and bridges and creates a program that will bring younger drivers into the trucking industry will be signed into law by President Joe Biden on Nov. 15, the White House confirmed.
Biden, House Leaders Brokered Late-Night Breakthrough
WASHINGTON — The House of Representatives approved a $1 trillion package of road and other infrastructure projects late Nov. 5 after Democrats resolved a monthslong standoff between progressives and moderates, notching a victory that President Joe Biden and his party had become increasingly anxious to claim.
$10 Billion Rivian IPO Would Be Seventh-Largest on Record
Rivian Automotive Inc., the electric truck maker backed by Amazon .com Inc., has elevated the marketed range of its initial public offering to raise as much as $10 billion.
Pilot Freight Services Names Matt Hamilton COO
Matt Hamilton was appointed chief operating officer at Pilot Freight Services in Glen Mills, Pa.
November 5, 2021WIT Releases Annual List of Best Transportation Companies for Women
The Women In Trucking Association announced the best transportation companies for women list Oct. 25.
November 5, 2021‘South of the Border’ Highway Attraction Gets Upgrades
HAMER, S.C. — South of the Border, the corny Mexican-themed tourist attraction unmistakable for its huge sombrero towering over the intersection of Interstate 95 and U.S. highways 301 and 501, is receiving some upgrades.
November 5, 2021Americold Third-Quarter Profit Lags, CEO Fired
Refrigerated warehouse operator Americold Realty Trust logged a large increase in third-quarter revenue, but earnings didn’t keep pace and dipped from the same period a year earlier. Americold also fired its CEO.
Embark Extends Partnership With Luminar
Autonomous truck software developer Embark Trucks Inc. announced a partnership with Luminar Technologies Inc. to equip Embark’s truck fleet with Luminar’s long-range lidar.
November 5, 2021Navistar Adds Fleetrite Aftermarket Retail Stores
Navistar Inc. announced its Fleetrite all-makes and models aftermarket truck and bus parts segment opened five more retail locations.
November 5, 2021