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.
Cowan Systems Implements Driver Incentive Program
Cowan Systems has implemented an incentive program that guarantees every newly hired driver a $15,000 bonus, the company announced Aug. 19.
August 23, 2021Growth at Services, Factories Slows to Eight-Month Low
U.S. business activity continues to downshift, with growth slowing to an eight-month low in August against a backdrop of materials shortages, a lack of labor and an upswing in coronavirus infections.
Sensata Technologies Acquires Spear Power Systems
Sensata Technologies announced the acquisition of Spear Power Systems, which provides lithium-ion-based energy storage systems for land, sea and air applications.
August 23, 2021Hyundai Translead Picks TNT Sales for Missouri Branch of Dealer Network
Hyundai Translead has selected TNT Sales as its dealer for the state of Missouri.
August 23, 2021FleetPride Expands in Texas
FleetPride Inc. announced it acquired the assets of National Truck Repair of Longview, Texas.
August 23, 2021ADM, Marathon Partner on Renewable Diesel Venture
Marathon Petroleum Corp. and ADM announced plans to form a joint venture for the production of soybean oil to supply what they referred to as rapidly growing demand for renewable diesel fuel.
August 23, 2021GM Looking at LG to Pay for Battery Recall
The long-distance relationship between General Motors Co. and its battery partner, LG Energy Solution, is being tested like never before. At issue: who will pick up a roughly $1 billion tab for the recall of 73,000 Bolt EVs.
Henri’s Remnants Hinder Cleanup, Threaten Inland Floods
The slow and sprawling storm system named Henri drenched much of the inland Northeast with rain Aug. 23, hampering cleanup efforts and threatening further flooding in areas with ground already saturated from a wet summer.
Henri Blasts Ashore in New England
WESTERLY, R.I. — Tropical Storm Henri hit the coast of Rhode Island Aug. 22, packing high winds that knocked out power to tens of thousands of homes and bands of rain that led to flash flooding from New Jersey to Massachusetts.
August 22, 2021Evacuations Urged as Hurricane Henri Heads North
Preparations for a storm grew more urgent Aug. 21 as the newly upgraded Hurricane Henri closed in on the Northeast.