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, Equipment, Safety

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.

Connor D. Wolf | Staff Reporter
July 7, 2021
Government, Business, Fuel

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.

Sheela Tobben | Bloomberg News
July 7, 2021
Business

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, 2021
Business, Technology, Fuel

Stellantis 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, 2021
Business

Egypt 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, 2021
Government, Business

US 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.

July 7, 2021
Business, Technology, Equipment

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.

Eric Miller | Senior Reporter
July 7, 2021
Business, Equipment

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, 2021
Business, Logistics, TCA

CSX 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.

Steve Patterson | The Florida Times-Union
July 7, 2021
Government, Business, Safety, Logistics

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.

July 7, 2021