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.
TMC/FleetNet America Reports Spike in Unscheduled Roadside Repairs
Fleets experienced an increase in unscheduled roadside maintenance from the end of 2020 through the first quarter of 2021, according to benchmarking data compiled by service data program developer FleetNet America and the Technology & Maintenance Council of American Trucking Associations.
US Projects Modest Oil Output Increase in 2021 Despite High Prices
The U.S. sees limited domestic oil production growth through next year despite rising oil prices and rebounding demand.
Women In Trucking VP Sparks Chosen for Wreaths Across America Board
Debbie Sparks, vice president of the Women In Trucking Association, has been named to the board of directors for Wreaths Across America.
July 7, 2021Stellantis Nears Deal to Build Major EV Battery Plant in Italy
Stellantis NV is leaning toward building its third European battery plant in Italy after Chairman John Elkann met with government officials in Rome earlier this week, according to people familiar with the discussion.
July 7, 2021Egypt Bids Adieu to Suez Canal Saga With Payoff, Party
For a nation that provides safe passage for so many ships through its waters, Egypt offered up rather special treatment for the Ever Given.
July 7, 2021US Job Openings Rise to Record, Underscore Hiring Difficulties
U.S. job openings rose to a fresh record high in May, underscoring persistent hiring difficulties and reflecting more vacancies in the health care, education and hospitality industries.
Ryder Seeks $3.7 Million Default Judgment Against Chanje
Ryder Truck Rental Inc. asked a federal judge to issue a $3.7 million default judgment in its civil lawsuit against a Chinese-backed truck maker that allegedly failed to make good on promises to deliver 100 Class 5 electric vehicles to Ryder in 2017.
Crossroads Trailer Acquires Northcutt
Great Dane dealership Crossroads Trailer announced it acquired Northcutt, a trailer sales-and-service operation in Wichita, and Garden City, Kan., that was founded in 1965.
July 7, 2021CSX Renews Bid for Approval to Add 1,200 Miles of New England Rail Lines
Railroad giant CSX Corp. has struck a new deal to help settle rival Norfolk Southern Railway’s objections to its delayed plan to take over almost 1,200 miles of New England railways.
Western Fires Halt Hundreds of Canada Railcars, Slowing Exports
Hundreds of railcars have been halted by wildfires that damaged tracks in western Canada during the region’s severe heat wave, creating a bottleneck of exports and delaying imports.