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, Fuel

Xos to Use Cox Automotive Mobility for Battery Remanufacturing

Xos Inc., a manufacturer of Classes 5-8 battery-electric commercial vehicles, announced a collaboration with Cox Automotive Mobility to leverage the automotive services provider’s remanufacturing capabilities for Xos battery packs.

September 27, 2021
Business, Technology, Logistics

Prime Partners With Mastery to Implement Cloud-Based TMS

Prime Inc. announced a partnership with Mastery Logistics Systems to implement a cloud-based transportation management system.

September 27, 2021
Government, Business, Safety, Fuel

Trucker Visa Move to Get Gas Flowing in UK Called Inadequate

Boris Johnson caved in to industry demands to issue visas to foreign truck drivers, as a crisis that has led to panic-buying at gas stations and empty supermarket shelves threatens to undermine his government.

Alex Morales | Bloomberg News
September 27, 2021
Business, Technology, Safety

Vocational Segment Increases Adoption of Advanced Safety System Technology

As the rate of adoption of driver-assist safety technology continues to rise with over-the-road fleets, the vocational truck market — fleets consisting of dump trucks, utility trucks and public transit vehicles — is also experiencing the increase of such industry applications.

Gary Frantz | Special to Transport Topics
September 27, 2021
Government, Business, Logistics, TCA

Pandemic, Amazon Driving Growth of Minnesota Mega-Business Centers

An enormous new kind of trucking center is rolling into the Twin Cities — thanks in part to the pandemic and the home-delivery giant Amazon.com Inc.

Bob Shaw | Pioneer Press (St. Paul, Minn.)
September 27, 2021
Business, Technology, Equipment, Fuel

EV Maker Polestar Valued at $20 Billion in SPAC Deal

Polestar, the electric vehicle maker backed by Volvo Car Group and actor Leonardo DiCaprio, agreed to go public through a merger with a blank-check company at a roughly $20 billion enterprise valuation.

September 27, 2021
Government, Business, Technology, Equipment

Orders for Business Equipment Rise for Sixth Straight Month

Orders placed with U.S. manufacturers for business equipment strengthened in August, extending to six months a solid run of robust capital investment that’s helping fuel economic growth.

Vince Golle | Bloomberg News
September 27, 2021
Government, Business, Safety

House Vote on Infrastructure Pushed to Sept. 30

WASHINGTON — With President Joe Biden’s broad domestic agenda at risk of collapse, House Speaker Nancy Pelosi on Sept. 26 vowed that Democrats will pass a bipartisan infrastructure bill this week and push ahead on the bigger $3.5 trillion social safety net and climate change bill while acknowledging the total amount will drop.

Hope Yen | The Associated Press
September 27, 2021
Government, Business

Wreaths Across America Recognizes Bennett Family of Cos.

The Bennett Family of Cos. was recognized by Wreaths Across America as the sixth recipient of its annual James Prout Spirit of Giving Award.

September 24, 2021
Business, Logistics, TCA

Costco Limits Paper Products, Water Due to Supply Chain Delays

Costco is bringing back purchase limits on some essential items like toilet paper, paper towels, bottled water and high-demand cleaning products, and it’s blaming supply chain delays.

Sue Gleiter | pennlive.com
September 24, 2021