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.

Government, Business

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, 2021
Government, Business

Biden 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.

Eugene Mulero | Senior Reporter
November 6, 2021
Government, Business

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.

Alan Fram | Associated Press
November 5, 2021
Business, Technology, Equipment, Fuel

$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.

Crystal Tse | Bloomberg News
November 5, 2021
Business, Top 50

Pilot Freight Services Names Matt Hamilton COO

Matt Hamilton was appointed chief operating officer at Pilot Freight Services in Glen Mills, Pa.

November 5, 2021
Business

WIT 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
Business

‘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, 2021
Business, Logistics, Top 50

Americold 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.

Jerry Hirsch | Contributing Writer
November 5, 2021
Business, Technology, Safety, Autonomous

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, 2021
Business, Technology, Equipment

Navistar 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