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

Pepsi Plans to Cut Virgin Plastic by 50%, Go Carbon-Neutral

PepsiCo Inc., one of the biggest producers of plastic bottles, said it would drastically cut its use of the material as part of a new round of sustainability goals.

Brett Pulley | Bloomberg News
September 15, 2021
Business, Technology, Autonomous

Walmart Teams With Ford, Argo to Launch Driverless Delivery Service

Walmart Inc. is teaming up with Ford Motor Co. and self-driving startup Argo AI to launch a driverless delivery service in three U.S. cities.

Keith Naughton | Bloomberg News
September 15, 2021
Business, Logistics

CN Rail Walks Away From K.C. Southern, Ending Takeover War

Canadian National Railway Co. declined to increase its offer for Kansas City Southern after a monthslong takeover battle, ceding to Canadian Pacific Railway Ltd. a prize that would create the first railroad spanning the U.S., Canada and Mexico.

September 15, 2021
Government, Business, Technology, Equipment, Safety, Logistics

Intermodal Freight Industry Ponders Investment in Resilience

LONG BEACH, Calif. — The intermodal freight industry is debating how much it should invest in infrastructure and other expenditures to build resiliency in the face of disruptive shocks such as the COVID-19 pandemic.

Jerry Hirsch | Contributing Writer
September 14, 2021
Business, Equipment

August Net Trailer Orders Clear 12,000

U.S. trailer net orders in August reached 12,366, ACT Research reported as the persistent story of pent-up customer demand, various supply chains faltering and order boards opening partially, if at all, continued.

Roger Gilroy | Senior Reporter
September 14, 2021
Business, Safety, Fuel

Storm’s Blackouts Sever Texas Fuel Shipments to East Coast

The largest gasoline pipeline in North America halted most shipments of fuel from Texas to the East Coast after Hurricane Nicholas’ winds knocked out power to almost half a million homes and businesses.

September 14, 2021
Business, Technology, Equipment, Autonomous

Drov, Stoughton Partner on Smart Trailer Applications

CLEVELAND — Drov Technologies announced its AirBox One smart trailer platform of sensors and data collection features is now an option at Stoughton Trailers.

September 14, 2021
Business, Technology, Equipment, Safety

Goodyear Boosts Automated Tire Inspection Tech With New Leasing Options

CLEVELAND — The Goodyear Tire & Rubber Co. is adding customized leasing options for its automated tire inspection device, the company announced Sept. 14.

Connor D. Wolf | Staff Reporter
September 14, 2021
Business, Logistics

Intermodal Needs Greater Cooperation to Remove Bottlenecks

LONG BEACH, Calif. — Surging U.S. import demand combined with years of underinvestment have thrown intermodal shipping so far out of balance that it will take years to return to an equilibrium the industry considered normal, an expert panel told attendees at the Intermodal Association of North America’s Intermodal Expo.

Jerry Hirsch | Contributing Writer
September 14, 2021
Business, Logistics

Spot Rates Have Peaked, Some Shipping Lines Say

One of the world’s biggest shipping lines has decided to stop increasing spot freight rates on routes out of Asia to Europe and the U.S. as it sees an end to the rally that has put prices at record highs.

Ann Koh | Bloomberg News
September 14, 2021