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, Technology

ERoad to Acquire Coretex

The transportation safety technology company EROAD said it entered into a conditional agreement to acquire Coretex Limited.

July 19, 2021
Business, Technology, Fuel

Chevron, Cummins Look to Partner on Hydrogen

Chevron U.S.A. Inc., through its Chevron Products Co. division, and Cummins Inc. announced a memorandum of understanding to explore a strategic alliance to develop commercially viable business opportunities in hydrogen and other alternative energy sources.

Roger Gilroy | Senior Reporter
July 19, 2021
Business, Technology, Equipment, Fuel

GM Announces Ultium Charge 360

General Motors announced its Ultium Charge 360 fleet-charging service, a comprehensive approach designed to help make the switch to electric seamless for fleet customers by connecting them with services, features and resources.

July 19, 2021
Business, Technology, Equipment, Logistics

Uber Ramps Up On-Demand Grocery Expansion

Uber Technologies Inc. is accelerating its Uber Eats on-demand grocery delivery service in the U.S., more than doubling the cities where it’s available and partnering with a major grocer as the pandemic-fueled delivery competition heats up.

Monica Greig | Bloomberg News
July 19, 2021
Government, Business, Equipment

Yokohama Tire Announces New Posts for Sales Executives

Yokohama Tire Corp. President Jeff Barna announced two executive management changes.

July 19, 2021
Government, Business, Equipment

Southeastern Freight Lines Selected as Carrier of the Year by Transplace

Southeastern Freight Lines was recognized as the best regional carrier for 2020 by transportation services provider Transplace.

July 19, 2021
Government, Business, Technology

American Father-Son Duo Sentenced for Helping Carlos Ghosn Escape

The father and son who smuggled Carlos Ghosn out of Japan in a large musical-equipment case were sentenced to time in prison for their role in helping Nissan Motor Co.’s former chairman flee trial in 2019.

July 19, 2021
Government, Business, Technology, Safety, Logistics

Kentucky Leaders Approve Funds to Help Freight Movement at River Ports

In order to facilitate freight movement, Kentucky Gov. Andy Beshear announced $500,000 in grants to support critical repair and equipment replacement efforts at five river ports.

Eleanor Lamb | Staff Reporter
July 19, 2021
Business, Logistics

KCS Performance Slips in Q2 Amid Planned CN Merger

Kansas City Southern, the Class I freight railroad much sought-after by two Canadian rivals, reported a second-quarter loss stemming in part from costs related to its impending merger.

Dan Ronan | Senior Reporter
July 16, 2021
Business, Technology, Equipment, Fuel

Sunbelt Rentals Orders Peterbilt’s 579EV Class 8 Model

Peterbilt Motors Co. announced an order from Sunbelt Rentals for five of its heavy-duty battery-electric Model 579EVs intended to deliver rental machinery.

July 16, 2021