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, Safety

Stevens Transport Driver Burris Honored as Highway Angel

Royford Burris, a professional truck driver with Stevens Transport, was awarded the 2020 Highway Angel of the Year. The designation, also known as EpicAngel, is given by the Truckload Carriers Association and its presenting sponsor, EpicVue.

October 22, 2021
Business, Technology, Equipment, Fuel, Autonomous

Volvo Income, Revenue Rise Despite Supply Chain Disruptions

Volvo Group reported strong third-quarter earnings and revenue gains in the face of chip shortages and other issues caused by global supply chain disruptions.

Jerry Hirsch | Contributing Writer
October 22, 2021
Government, Business

Congressional Republicans Sound Alarm Over Supply Chains

WASHINGTON — Supply chain bottlenecks at the ports and rising prices for certain goods are indicative of the administration’s inability to respond to the COVID-19-era economy, a large contingent of congressional Republicans told President Joe Biden.

Eugene Mulero | Senior Reporter
October 22, 2021
Business, Technology, Equipment

Mack Certifies Northwest Equipment Sales as EV Dealer

Mack Trucks announced Northwest Equipment Sales, based in Boise, Idaho, is the first Mack dealer in the Northwest to be certified as an electric vehicle dealer.

October 22, 2021
Business, Equipment, Safety

J.B. Hunt Recognizes 116 Drivers for Safely Driving Millions of Miles

J.B. Hunt Transport Services Inc. recognized 116 company drivers for achieving million-mile marks without a preventable accident, the company announced Oct. 12.

October 22, 2021
Government, Business, Technology

Intel CEO Says Chip Crisis Needs Boost From Congress

Intel Corp.’s plans for a multibillion-dollar investment in a new U.S. semiconductor plant hang in part on Congress moving on a stalled plan to bolster the domestic chip industry, the company’s chief executive said.

October 22, 2021
Government, Business, Technology, Safety, Logistics, Perspective

Perspective: A Time to Bring Back Veteran Drivers

While the driver shortage is not new, COVID worsened the problem.

Greg Fulton | President, Colorado Motor Carriers Association
October 22, 2021
Government, Business

Pelosi Says Deal ‘Very Possible’ After Meeting With Biden

WASHINGTON — President Joe Biden and Congress’ top two Democrats strategized Oct. 22, trying to wrap up their giant domestic legislation, as the party continued scaling back the measure and determining ways to pay for it ahead of new deadlines.

October 22, 2021
Government, Business

Budget Deficit Hits $2.77 Trillion in 2021

WASHINGTON — The U.S. budget deficit totaled $2.77 trillion for 2021, the second highest on record but an improvement from the all-time high of $3.13 trillion reached in 2020.

Martin Crutsinger | Associated Press
October 22, 2021
Business, Technology, Equipment

Carrier Transicold Bolsters Refrigeration Capacity With Supra S10

Carrier Transicold released a new diesel-powered truck refrigeration unit designed to increase freezing capacity and efficiency, the company announced Oct. 20.

October 22, 2021