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, Logistics

Maersk Diverts Ships From UK Ports Short on Truckers

A.P. Moller-Maersk A/S said it had to divert some ships from the U.K.’s largest container port because of congestion tied to a trucker shortage that’s clogging the flow of cargo boxes into and out of the country.

October 12, 2021
Business, Fuel

Crude Closes Above $80 With Energy Crisis Boosting Demand

West Texas Intermediate crude closed above $80 a barrel for the first time since late 2014 as a growing power crisis from Europe to Asia boosts demand for oil ahead of winter.

Julia Fanzeres | Bloomberg News
October 12, 2021
Business, Logistics

Mario Harik Tabbed to Run XPO’s LTL Division

XPO Logistics Inc. CIO Mario Harik will run the company’s less-than-truckload division in an acting capacity in the wake of the retirement of the LTL division president, Tony Brooks.

Dan Ronan | Senior Reporter
October 8, 2021
Business, Safety

CFI Honors Jon Smith for Becoming Its First Driver to Surpass 5 Million Miles

CFI is honoring professional driver Jon “Smitty” Smith for surpassing 5 million miles, the company announced last month.

October 8, 2021
Business, Technology, Equipment

Owner-Operator Wins Cab Makeover From Transfix

Transfix announced that the winner of its “TransFIX My Rig” sweepstakes is professional driver Debbie Desiderato.

October 8, 2021
Business, Technology, Equipment, Fuel, Autonomous

Elon Musk Now Dominating the World’s Richest List

Elon Musk is pulling away from the rest of the world when it comes to personal wealth.

Scott Carpenter | Bloomberg News
October 8, 2021
Business, Logistics

Andlauer Healthcare to Acquire Boyle, Skelton USA

T.F. Boyle Transportation, a truckload carrier and provider of specialized transportation logistics, is being acquired by health care supply chain specialist Andlauer Healthcare Group Inc. in a deal valued at $80 million.

Dan Ronan | Senior Reporter
October 8, 2021
Business, Fuel

TravelCenters Opens TA Express in Almeda, Texas

TravelCenters of America said Oct. 7 that it opened a new TA Express travel center in Almeda, Texas.

October 8, 2021
Business, Technology, Equipment

Trucking Again Shows It Is a Resilient Industry

As of September, it has been 18 months since industry members were face-to-face at a Technology & Maintenance Council meeting. This year’s Fall meeting in Cleveland showed, just as the trucking industry did last year, how resilient it is.

Michael Freeze | Features Editor
October 8, 2021
Business, Technology, Equipment, Safety, Fuel

Outsourcing Repair: Fleets Look to Third-Party Maintenance Services

With the increased volume of OTR shipping and the rising average cost of new and used Class 8 diesel trucks, the importance of scheduled and emergency maintenance practices remains crucial.

Jack Ferry | Special to Transport Topics
October 8, 2021