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

Walmart Denies Litecoin Pact After Hoax Jolts Crypto Market

Walmart Inc. said it hasn’t agreed to partner with Litecoin, refuting a statement earlier Sept. 13 that sent the cryptocurrency soaring.

Brendan Case | Bloomberg News
September 13, 2021
Business, Technology, Equipment

Jacobs Begins U.S. Production of Fulcrum Bridge Product

Jacobs Vehicle Systems, a manufacturer of engine retarding and valve actuation systems for the commercial vehicle industry, announced it started U.S. production of its Fulcrum Bridge product.

September 13, 2021
Business, Technology, Equipment, Safety

Frequency of Roadside Repairs Decreases in Q2

CLEVELAND — Trucks during the second quarter traveled farther between unscheduled roadside repairs, according to the latest edition of the TMC/FleetNet America Vertical Benchmarking report.

Connor D. Wolf | Staff Reporter
September 13, 2021
Business, Technology, Equipment, Logistics

The World’s Shippers Are Earning the Most Money Since 2008

The global shipping industry is getting its biggest payday since 2008 as the combination of booming demand for goods and a global supply chain that’s collapsing under the weight of COVID-19 drives freight prices ever higher.

Alex Longley | Bloomberg News
September 13, 2021
Business, Technology, Equipment, Fuel

EV Tax-Credit Plan Draws Ire From Nonunion Toyota, Tesla

A proposal by U.S. House Democratic lawmakers to give union-made electric vehicles higher subsidies drew criticism from nonunionized automakers, including Toyota Motor Corp., Tesla Inc. and Rivian Automotive Inc.

Yueqi Yang | Bloomberg News
September 13, 2021
Government, Business, Safety

Strengthening Nicholas Threatens to Hit Texas as Hurricane

HOUSTON — Tropical Storm Nicholas gathered strength Sept. 13 and threatened to blow ashore in Texas as a hurricane that could bring up to 20 inches of rain to parts of the Gulf Coast, including the same area hit by Hurricane Harvey in 2017 and storm-battered Louisiana.

September 13, 2021
Business, Technology, Equipment, Logistics

Aluminum Industry Frets That Supply Snarls Have Just Begun

Supply chain snags that have roiled commodity markets and helped push aluminum prices to a 13-year high this week are unlikely to ease any time soon.

Joe Deaux | Bloomberg News
September 13, 2021
Business, Technology, Equipment

ZF Touts Safety, Intelligence Systems

CLEVELAND — ZF Group displayed a suite of safety and intelligence systems for trucks and trailers as it moves toward its goal of becoming the leading commercial vehicle supplier.

Roger Gilroy | Senior Reporter
September 13, 2021
Business, Technology, Equipment

TMC’s Research Agenda Includes Fuel Economy, Braking Systems

CLEVELAND — American Trucking Associations’ Technology & Maintenance Council on Sept. 12 announced plans for upcoming research projects to evaluate the effects of total combination vehicle alignment on fuel economy and develop criteria to conduct performance demonstrations of at least two prototype electro-mechanical braking systems.

Eleanor Lamb | Staff Reporter
September 12, 2021
Business, Technology, Equipment

TMC Updates VMRS Licenses, Moves to Annual Subscription

CLEVELAND — The Technology & Maintenance Council of American Trucking Associations on Sept. 12 announced a series of updates to its vehicle maintenance coding system, which it offers to service professionals in the trucking industry.

Connor D. Wolf | Staff Reporter
September 12, 2021