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.
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, 2021Sensata Adds EV Charging Products
Sensata Technologies announced new custom-designed high-voltage junction box solutions for charging commercial electric vehicles.
November 5, 2021DOE Provides $128 Million for Electrified Truck Development
The Department of Energy's Office of Energy Efficiency and Renewable Energy is providing funding to five original equipment manufacturers as part of its SuperTruck 3 initiative.
FleetPride Acquires Garden Spot Frame & Alignment
FleetPride Inc. announced it acquired the assets of Denver, Pa.-based Garden Spot Frame & Alignment.
November 5, 2021Goodyear Says Tire Sales Rebound
Goodyear on Nov. 5 said strong replacement tire sales, its Cooper Tire acquisition and a rebound from pandemic lows in 2020 helped drive higher third-quarter revenue and net income.
Shipping Firms Seek Investments in Technology to Cut Emissions
GLASGOW, Scotland — Major shipping companies on Nov. 5 called for governments to put more money into researching and developing cleaner technologies to help the industry reduce its greenhouse gas emissions.
November 5, 2021Hiring Rebounded in October, With 531,000 Jobs Added
WASHINGTON — America’s employers stepped up their hiring in October, adding a solid 531,000 jobs, the most since July and a sign that the recovery from the pandemic recession may be overcoming a virus-induced slowdown.
Revenue Rises, Profit Drops for Mullen Group in Q3
Canadian carrier Mullen Group Ltd. reported record revenue but saw profits decline in the third quarter.
Texas Expands CDL Testing to 6 Days a Week
Texas is expanding truck driver license testing to six days a week in response to a nationwide shortage that has contributed to supply chain snarls across the economy.
Maine Voters Approve $100M Transportation Bond
Maine voters backed a question Nov. 2 authorizing another $100 million in transportation bonds, the seventh straight year the state has approved such a referendum aimed at addressing funding shortfalls for crucial infrastructure.