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.
Phillips Connect Looks to Velociti for Trailer Telematics Support
Phillips Connect is partnering with Velociti to help support and monitor its trailer telematics solutions, the company announced July 27.
July 30, 2021Elon Musk Denies Talking Apple-Tesla Merger With Tim Cook
Tesla Inc. CEO Elon Musk said July 30 that he never met with Apple Inc. about a potential takeover and slammed the tech giant’s App Store fees, calling them a “global tax on the internet.”
Universal Logistics Reports $422.8 Million Revenue for Q2
Universal Logistics Holdings saw revenue and earnings gains during the second quarter of 2021, the company reported July 29.
Forward Air Reports Q2 Set Highest Quarterly Revenue Mark
Forward Air Corp. reported July 29 its second quarter set records for revenue and operating income.
Dana, Switch Mobility Partner on Electrified Commercial Vehicles
Dana Inc. has signed a strategic agreement with Switch Mobility to help advance electrified commercial vehicles, the companies announced July 30.
July 30, 2021Hub Group Posts Q2 Profit, Revenue Gains
Hub Group Inc. reported strong growth in second-quarter profits and revenue as it benefited from the robust rebound in the U.S. freight market.
FleetPride Expands in Florida for First Time
FleetPride Inc. announced it acquired the assets of Auto Masters Fleet Services, which is based in Jacksonville, Fla., and which has a second location in Tampa.
July 30, 2021Senate Votes to Begin Infrastructure Debate
WASHINGTON — The Senate advanced a roughly $1 trillion infrastructure plan on July 30 with a bipartisan group of senators helping it clear one more hurdle and bracing to see if support can hold during the next few days of debate and efforts to amend it.
Hyliion to Make Hypertruck ERX Variant Its First to Market
Electrified powertrain provider Hyliion Holdings Corp. announced that a long-range variant of its Hypertruck ERX system will be the first version of the technology it brings to market.
July 30, 2021Werner Reports Q2 Record for Net Income
Werner Enterprises posted record results for net income, operating income and diluted earnings per share during the second quarter, the company announced.