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.
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, 2021Prime 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, 2021Trucker 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.
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.
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.
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.
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.
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.
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, 2021Costco 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.