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.
Ram Pickups Recalled
DETROIT — Stellantis is recalling more than 266,000 pickup trucks mainly in North America because the side air bags can explode without warning and hurl shrapnel into the cabin.
August 13, 2021Moderate Democrats Demand Quick Passage of Infrastructure Bill
WASHINGTON — Moderate House Democrats say they would sink a crucial fiscal blueprint outlining $3.5 trillion in social and environment spending unless a separate infrastructure bill is approved first, a new complication for the divided party’s drive to enact President Joe Biden’s domestic agenda.
Are Hydrogen-Powered Vehicles a Realistic Path to Clean Energy?
Manufacturers of large trucks and commercial vehicles are beginning to embrace hydrogen fuel cell technologies as a way forward.
GlobalTranz, Worldwide Express Chart Course After Merger
The recent merger of GlobalTranz Enterprises and Worldwide Express is still in the getting-to-know-you phase and steps are being discussed to become fully integrated, executives from both companies said.
Tesla Hopes to Start Production at Berlin Factory in October
BERLIN — Tesla founder and CEO Elon Musk said Aug. 13 that he hopes to start producing cars at its new factory outside Berlin in October.
August 13, 2021Kansas City Southern Rejects New Bid From Canadian Pacific
OMAHA, Neb. — Kansas City Southern railroad is trying to keep its $33.6 billion merger with Canadian National on track by rejecting a competing $31 billion bid from rival Canadian Pacific earlier this week.
China’s Port Shutdown Raises Fears of Closures Worldwide
A COVID outbreak that has partially shut one of the world’s busiest container ports is heightening concerns that the rapid spread of the delta variant will lead to a repeat of last year’s shipping nightmares.
PS Logistics Continues Acquisition Strategy With Patriot Deal
PS Logistics announced that it has purchased all substantial transportation assets of Patriot Transit and Patriot Logistics. Financial terms were not disclosed.
Hyliion Reports Net Loss in Q2
Electrified powertrain systems developer Hyliion Corp. reported a net loss and no revenue in the second quarter but ended the period with $617 million total available liquidity to fund ongoing product development.
Truckload Carriers Association Forms Search Committee to Find New President
The Truckload Carriers Association formed a search committee Aug. 10 to find a replacement for President John Lyboldt, who is retiring.
August 12, 2021