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.
Isuzu, Decisiv Collaborate on Dealership Network Management
Isuzu Commercial Truck of America confirmed Oct. 15 a long-term collaboration with service management platform provider Decisiv.
October 18, 2021Commerce Head Gina Raimondo Aims to Bring Chip Manufacturing to the US
President Joe Biden has tasked Commerce Secretary Gina Raimondo with ensuring the United States will be the world leader in computer chips.
Foxconn Announces Electric Car Venture
TAIPEI, Taiwan — The Taiwanese company that manufactures smartphones for Apple Inc. and other global brands announced plans Oct. 18 to produce electric cars for auto brands under a similar contract model.
Ford to Make Electric Power Units in England
LONDON — Ford Motor Co. plans to spend up to $315 million to turn a transmission factory in northwest England into a plant that will make electric power units for cars and trucks sold throughout Europe.
October 18, 2021Industrial Production Falls 1.3% as Effects From Ida Linger
SILVER SPRING, Md. — U.S. industrial production fell 1.3% in September, much more than expected as the lingering effects of Hurricane Ida continue to stymie activity.
Toyota to Build $1.29 Billion US Battery Plant
DETROIT — Toyota plans to build a $1.29 billion factory in the U.S. to manufacture batteries for gas-electric hybrid and fully electric vehicles.
J.B. Hunt Reports $3.14 Billion in Revenue for Q3
J.B. Hunt Transport Services experienced both revenue and net income growth during the third quarter of 2021, the company reported Oct. 15.
Senators to Introduce Antitrust Legislation Aiding Amazon Sellers
A bipartisan group of U.S. senators announced Oct. 14 they were introducing additional legislation targeting platforms like Amazon’s marketplace amid news reports that say Amazon swipes product information from sellers to bolster its own brands, then favors those Amazon-branded products in search results.
Nikola, PGT Trucking Collaborate on FCEVs
Nikola Corp. announced a collaboration with PGT Trucking Inc. that includes a letter of intent from the flatbed carrier to lease 100 Nikola Tre heavy-duty fuel cell electric vehicles following the satisfactory completion of a Nikola Tre FCEV demonstration program.
October 15, 2021'All Hands On Deck’ at Seattle, Tacoma Ports
Seattle and Tacoma port authorities said Oct. 13 it’s “all hands on deck” as they work to address cargo ship congestion in Puget Sound.