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, Technology, Equipment, Fuel

Navistar Launches Redesigned International MV Series

Navistar Inc. announced the launch of the redesigned International MV Series, calling it a reimagining of its Classes 6-7 vocational vehicle that focuses on increased maneuverability, visibility and safety.

Roger Gilroy | Senior Reporter
September 29, 2021
Government, Business

Trucking Defense Lawyers Confront Jury Attitudes About Fleets, Drivers

Legal experts and researchers say juries generally carry negative attitudes about corporate America — and the trucking industry specifically — into the courtroom, making motor carriers susceptible to strategies that plaintiff attorneys employ to steer jurors toward sky-high “nuclear” judgments against fleets.

Eric Miller | Senior Reporter
September 29, 2021
Business, Top 100

Walmart Stokes Hiring Rush With Plan to Add 150,000 Jobs

Walmart Inc. is expanding its hiring push with plans to recruit 150,000 store employees, adding to U.S. employers’ search for new workers as the busy holiday season approaches.

September 29, 2021
Government, Business, Technology, Equipment, Fuel

Electric Vans Roll Off Line That Once Made Gas-Guzzling Hummers

When the first snub-nosed, electric van rolled off the assembly line Sept. 28 at the Electric Last Mile Solutions Inc. plant in Mishawaka, Ind., it was a proud moment for the company’s co-founder and CEO, Jim Taylor. The van, one in a run of 1,000 scheduled for this year, is among the first of its kind in the U.S. market: a fully electric, light-duty vehicle meant for delivery workers, contractors and other commercial fleets.

Ira Boudway | Bloomberg News
September 29, 2021
Business, Technology, Logistics

Loadsmart, Home Depot Launch Supply-Led Platform for Flatbed

Loadsmart launched a platform in partnership with The Home Depot that helps facilitate flatbed backhauls by focusing on supply, the companies announced Sept. 29.

Connor D. Wolf | Staff Reporter
September 29, 2021
Business, Technology, Equipment, Fuel

Silicon Valley Answer to the EV Question Calls for Less Silicon

As automakers scramble to make electric vehicles with longer ranges and speedier charging times, the chip industry has a message for them: You’re doing it wrong.

September 29, 2021
Government, Business, Logistics

Inflation Is Seen Pushing Online Holiday Sales to $1.2 Trillion

Online shoppers will be buying less this holiday season, but spending more.

Amelia Pollard | Bloomberg News
September 29, 2021
Government, Business

Big Pressure on Biden, Dems to Trim $3.5T Federal Overhaul

WASHINGTON — Pressure mounting, President Joe Biden and Democrats in Congress strained Sept. 28 to trim back his $3.5 trillion government overhaul to win support from two key holdout senators ahead of make-or-break deadlines for votes.

Lisa Mascaro and Alan Fram | Associated Press
September 28, 2021
Business, Technology, Fuel

Lucid to Deliver 520-Mile Electric Sedan in October

Lucid Group Inc. has started production on its debut electric consumer car, with deliveries to begin at the end of October.

Ed Ludlow | Bloomberg News
September 28, 2021
Government, Business

Yellen Warns Delay in Raising Debt Limit Will Slow Economy

WASHINGTON — Treasury Secretary Janet Yellen sounded an urgent call Sept. 28 for Congress to raise the government’s borrowing limit, a day after Senate Republicans blocked consideration of a bill that would have done so.

Christopher Rugaber | Associated Press
September 28, 2021