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, Equipment, Safety

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, 2021
Government, Business

Moderate 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.

Alan Fram | Associated Press
August 13, 2021
Business, Technology, Fuel

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.

August 13, 2021
Business, Logistics, Top 50

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.

Connor D. Wolf | Staff Reporter
August 13, 2021
Business, Technology, Fuel, Autonomous

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, 2021
Government, Business, Logistics

Kansas 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.

Josh Funk | Associated Press
August 13, 2021
Government, Business, Logistics

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.

Joe Deaux and Ann Koh | Bloomberg News
August 13, 2021
Business, Equipment, Logistics

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.

Connor D. Wolf | Staff Reporter
August 12, 2021
Business, Technology, Fuel

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.

Roger Gilroy | Senior Reporter
August 12, 2021
Business, Logistics

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