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, Fuel

Shell Oil Platforms Hit by Hurricane Ida May Restart Soon

Royal Dutch Shell is hoping to restart its Ursa oil and gas platform in the Gulf of Mexico as early as the first half of November, according to a person familiar with the matter who asked not to be identified because the information isn’t public.

Sheela Tobben | Bloomberg News
October 22, 2021
Business, Logistics, Top 100

Daseke Reports $424.6M Revenue for Q3

Daseke Inc. saw revenue and earnings increase during the third quarter of 2021, the company reported Oct. 22.

Connor D. Wolf | Staff Reporter
October 22, 2021
Business, Equipment

U.S. Xpress Reports Revenue Gain, Earnings Loss for Q3

U.S. Xpress Enterprises reported a loss for the third quarter, but revenue increased.

Connor D. Wolf | Staff Reporter
October 22, 2021
Government, Business, Logistics

Containerships Headed for US Poised to Worsen Port Bottlenecks

The backlog of ships outside the twin ports of Los Angeles and Long Beach — America’s largest gateway for ocean freight — is poised to worsen.

Kevin Varley | Bloomberg News
October 22, 2021
Business, Safety

Hero Cully Frisard: 'We Will Never Leave a City Behind'

It was early in Cully Frisard’s transportation career when Hurricane Katrina devastated his home state of Louisiana, but the lessons he learned from that 2005 storm steered his response in September when Hurricane Ida delivered a similar blow to the southeastern state. Now he's one of Trucking's Frontline Heroes.

Dan Ronan | Senior Reporter
October 22, 2021
Business, Safety

Hero Gene Woolsey: 'I Just Like to Help People'

When Gene Woolsey retired five years ago, he knew his time behind the wheel was not over. But he wanted to transition from making a living to making a difference, and found his opportunity not far from his front doorstep. And now he's one of Trucking's Frontline Heroes.

Dan Ronan | Senior Reporter
October 22, 2021
Business, Technology, Fuel, Autonomous, TCA

Stellantis to Partner With Samsung on Second EV Battery Plant for North America

For the second time in a week, Stellantis has announced plans to produce electric vehicle batteries for its North American assembly plants in a joint venture with a South Korean company.

Eric D. Lawrence | Detroit Free Press
October 22, 2021
Government, Business, Safety

ATA Warns Vaccine Mandate Could Worsen Supply Chain Troubles

American Trucking Associations has sent a letter to the Biden administration expressing “grave concern” over the potential damage that the president’s plans for a COVID-19 vaccine mandate for many businesses — including trucking companies — could cause for the country.

Eric Miller | Senior Reporter
October 21, 2021
Business, Technology, Equipment, Autonomous

Embark Announces Reservations for 14,200 Trucks

Embark Trucks Inc., a developer of autonomous truck technology, announced that carriers participating in its partner development program placed 14,200 nonbinding reservations for Embark-equipped autonomous trucks.

Roger Gilroy | Senior Reporter
October 21, 2021
Business, Logistics, TCA

Walmart Extends Delivery Hours for Orders Coming From Stores

The world’s largest retailer announced Oct. 21 that it is “delivering added convenience” with extended store delivery hours, more delivery windows and increased selection for same-day and next-day orders coming from local stores.

Kelly Tyko | USA Today
October 21, 2021