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.
Rand McNally Names Aaron Dannenbring as CEO
Rand McNally has appointed Aaron Dannenbring as its new CEO, the transportation technology company announced June 30.
Mack to Sell LR Electric Refuse Trucks to DSNY
Mack Trucks announced the New York City Department of Sanitation plans to purchase seven Mack LR Electric refuse models, which will operate in each of the city’s boroughs.
June 30, 2021White House Sets Red Line Around Climate Goals in Reconciliation
Major climate measures sought by the White House that were left on the cutting room floor during infrastructure negotiations with Republicans will be non-negotiable items as the administration sets its sights on the next legislative vehicle, a White House official said June 30.
As Car-Lot Inventories Dwindle, Sales Take a Turn for the Worse
A year ago, Ford Motor Co. dealer Rhett Ricart had a lot full of cars and hardly any customers. This year, he has a lot full of customers and hardly any cars.
Navistar, Traton SE Merger Set to Take Effect
Navistar International Corp. announced it received all regulatory approvals necessary to proceed with the previously announced merger with Dusk Inc., a wholly owned indirect subsidiary of Traton SE. The deal is expected to close today.
June 30, 2021Workhorse Says It Didn’t Get a Fair Shot at USPS Van Award
The U.S. Postal Service didn’t give Workhorse Group Inc. a fair shot at a contract worth as much as $6 billion to build mail delivery vans, the maker of electric vehicles said in its challenge of the service’s decision to award the work to Oshkosh Corp.
Cummins to Acquire 50% of Momentum Fuel Technologies
Engine maker Cummins Inc. announced it signed a letter of intent to acquire a 50% equity interest in Momentum Fuel Technologies, a provider of compressed natural gas fuel systems, from truck dealership Rush Enterprises Inc.
FleetPride Partners With TRW for ZF Remanufactured Steering Gears
Aftermarket parts distributor FleetPride announced it reached a preferred supplier agreement to provide TRW-remanufactured steering gears from ZF.
June 29, 2021Average Used Class 8 in May Brings All-Time High Price
The average sales price for a used Class 8 vehicle sold in May set the all-time record, jumping ahead of April’s claim to that title, amid the trend of strong demand for trucks once again outpacing the available supply, ACT Research reported.
US Should Distance From Trump-Era Trade, Key EU Official Says
The Biden administration should take a different approach to trade than that of its predecessor to help improve the U.S. economy, a key European Commission trade official said.