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, Equipment

Navistar Launches Production on International eMV Series

LONG BEACH, Calif. — Navistar Inc. announced that its new, fully electric International eMV Series medium-duty truck is now in production, in four available wheelbase lengths.

Roger Gilroy | Senior Reporter
September 7, 2021
Government, Business, Technology, Equipment

WattEV Plans Solar-Powered Truck Stop

LONG BEACH, Calif. — WattEV Inc. is set to receive a $5 million grant from the California Energy Commission to build the state’s first solar-powered truck stop dedicated to heavy-duty electric trucks.

Roger Gilroy | Senior Reporter
September 7, 2021
Business, Technology, Equipment, Fuel

Run on Less — Electric Now on the Road

LONG BEACH, Calif. — The North American Council for Freight Efficiency, in partnership with RMI, provided an update on Run on Less — Electric, a three-week real-world demonstration with 13 vehicles performing zero-emission goods movement, during ACT Expo.

Roger Gilroy | Senior Reporter
September 7, 2021
Business, Technology, Equipment, Fuel

Hyliion Updates Hybrid eX Powertrain

LONG BEACH, Calif. — Hyliion Holdings Corp. announced an updated version of its Hybrid eX powertrain and is expected to begin shipping units in the latter part of 2021.

Roger Gilroy | Senior Reporter
September 7, 2021
Business, Logistics

CN’s Largest Shareholder Wants CEO Ruest Out

One of the largest shareholders in Canadian National Railway Co. said it’s prepared to launch a proxy fight to replace the company’s leader as the $30 billion deal to buy Kansas City Southern faces possible collapse.

Scott Deveau | Bloomberg News
September 7, 2021
Business, Technology, Equipment, Fuel

Allison to Supply E-Axles to Hino

LONG BEACH, Calif. — Allison Transmission Inc. announced its selection by Hino Trucks as its e-axle development partner for Classes 6-8 battery-electric trucks.

Roger Gilroy | Senior Reporter
September 7, 2021
Business, Technology, Equipment

3G Cellular Network Sunsetting Raises Concerns in Trucking

While the timing is expected to vary, many wireless cellular providers plan to phase out or “sunset” their remaining 2G and existing 3G networks early next year, according to the Federal Communications Commission.

Dan Ronan | Senior Reporter
September 7, 2021
Business, Equipment

Labor Shortage Leaves Union Workers Feeling More Emboldened

With help wanted signs at factories and businesses spreading across the nation, union workers are seizing the opportunity to try to recover some of the bargaining power — and financial security — they feel they lost in recent decades as unions shrank in size and influence.

Ben Finley and Tom Krisher | Associated Press
September 7, 2021
Business, Technology, Fuel

Toyota Spends $13.7 Billion to Secure EV Battery Supplies

Toyota Motor Corp. plans to spend $13.7 billion on the supply and development of batteries for hybrid and electric vehicles by 2030, joining other global automakers boosting investments in anticipation of greater demand.

River Davis | Bloomberg News
September 7, 2021
Government, Business, Fuel

Industry Group Backs Global Carbon Surcharge for Large Ships

BERLIN — The International Chamber of Shipping on Sept. 7 backed plans for a global surcharge on carbon emissions from shipping to help fund the sector’s shift toward climate-friendly fuels.

Frank Jordans | Associated Press
September 7, 2021