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.

Government, Business, Fuel, TCA

Minnesota Adopts CARB Standards

Minnesota is the latest state — and the first in the Midwest — to adopt California’s stricter tailpipe emission standards and mandate for automakers to get more zero-emission vehicles onto sales lots.

Jennifer Bjorhus | Star Tribune
July 27, 2021
Business, Logistics, Top 100

UPS Earns $2.7 Billion in Q2

Robust e-commerce business and the company’s role in delivering millions of COVID-19 vaccines worldwide helped contribute to strong second-quarter financial results for Atlanta-based UPS Inc.

Dan Ronan | Senior Reporter
July 27, 2021
Business, Technology, Fuel

Lordstown May Raise Millions From Investment Fund

Lordstown Motors Corp., the electric-vehicle startup struggling to find cash to move into production, reached a deal to sell as much as $400 million in stock over the next three years to an investment fund managed by Yorkville Advisors Global.

July 26, 2021
Government, Business, Technology, Equipment

US Senators Introduce Bill to Repeal Excise Tax on New Trucks

Two U.S. senators proposed repealing the excise tax on new trucks as an effort to modernize the freight industry.

Eugene Mulero | Senior Reporter
July 26, 2021
Business, Technology, Autonomous, TCA

Mobileye First to Test Self-Driving Vehicles in New York City

Mobileye, an autonomous vehicle company owned by Intel, announced that it has been testing its driverless cars on New York City streets since June, making it the first and only company thus far to receive a New York AV testing permit.

Erik Bascome | Staten Island Advance, N.Y.
July 26, 2021
Government, Business

New Trouble for Infrastructure Talks as Pressure Mounts

WASHINGTON — Senators were running into new problems July 26 as they raced to seal a bipartisan infrastructure deal with pressure mounting on all sides to show progress on President Joe Biden’s top priority.

Hope Yen and Lisa Mascaro | Associated Press
July 26, 2021
Business, Technology, Autonomous

GM Sues Ford in Fight Over Branding of Self-Driving Cars

General Motors Co. is suing its competitor Ford Motor Co. for violating a trademarked driver-assist technology that’s used for hands-free features, according to a lawsuit.

Gabrielle Coppola | Bloomberg News
July 26, 2021
Government, Business

ATRI's Dan Murray Wins J.R. 'Bob' Halladay Award

The Trucking Association Executives Council honored American Transportation Research Institute Senior Vice President Dan Murray with the prestigious J.R. “Bob” Halladay Award.

July 26, 2021
Business, Fuel, Logistics

Airports in West Deal With Shortage of Jet Fuel

A shortage of jet fuel, coupled with supply chain issues and an urgent demand from firefighting aircraft, continues to cause problems at airports around the West.

July 26, 2021
Business, Logistics, Top 100

Ryder Teams With Bed, Bath & Beyond on Distribution Centers

Bed Bath & Beyond Inc. will partner with logistics specialist Ryder System Inc. to develop two distribution centers in Pennsylvania and California.

Jordyn Holman | Bloomberg News
July 26, 2021