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.
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.
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, 2021Frequency 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.
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.
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.
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, 2021Aluminum 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.
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.
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.
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.