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.
IANA 2021: Massive Imbalances Plague Intermodal Industry
LONG BEACH, Calif. — Global trade patterns distorted by the COVID-19 pandemic have thrown the intermodal shipping industry out of whack, creating massive imbalances in shipping containers, intermodal chassis and drayage drivers.
Orange EV to Launch Electric Yard Truck for Ports
LONG BEACH, Calif. — After targeting warehouses and distribution centers with its electric yard truck, Orange EV has its eyes on the nation’s ports.
Sensata Stresses Radar, Telematics After Acquisitions
CLEVELAND — Sensata Technologies discussed its business outlook and progress in the wake of its acquisitions of Xirgo Technologies and PRECO Electronics during a Sept. 12 press event.
TSE Brakes Launches TSE-Sense Smart Air Brake Actuator
CLEVELAND — Brake actuator and adjuster manufacturer TSE Brakes Inc., announced on Sept. 12 the launch of its TSE-Sense smart air brake actuator during American Trucking Associations’ 2021 Technology & Maintenance Council Fall Meeting and Transportation Technology Exhibition.
Doleco USA Unveils New LayerLok Double-Decking Systems
CLEVELAND — Securing technology provider Doleco USA introduced the new LayerLok XP, AF and SC double-decking systems at American Trucking Associations’ 2021 Technology & Maintenance Council Fall Meeting and Transportation Technology Exhibition.
August Class 8 Retail Sales Rise 2.8% Year-Over-Year
U.S. Class 8 retail sales in August inched slightly higher as truck makers posted mixed results compared with a year earlier, WardsAuto .com reported.
Democrats Unveil New EV Tax Credit Proposal
WASHINGTON — Democrats in Washington want to include a significant new incentive to buy electric vehicles in their $3.5 trillion social spending bill, according to a new plan revealed by the House Ways and Means Committee.
Qualcomm Said to Place Binding Bid for Veoneer
Qualcomm Inc. has made a formal bid to buy automotive technology company Veoneer Inc. for more than $4 billion, beating a previous offer from Magna International Inc., according to people familiar with the matter.
TMC to Fund Study of Refrigerated Carriers
CLEVELAND — The Technology & Maintenance Council of American Trucking Associations will fund a study of refrigerated carriers with an emphasis on how they manage food safety with new technology and related maintenance implications.
TCI Opens Proxy Fight With CN to Oust CEO Ruest
One of Canadian National Railway Co.’s largest shareholders formally started a proxy fight to replace the company’s leader and some board members, arguing that their failed attempt to buy Kansas City Southern for $30 billion demonstrated “flawed decision making.”