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, Logistics

Ports on Both Coasts Continue Record-Setting Levels in May

The nation’s ports remained very busy in May, as high shipment volume continued to flow through facilities on both the Pacific and Atlantic coasts at a record-setting pace.

Dan Ronan | Senior Reporter
June 28, 2021
Business, Technology

XL Fleet Added to Russell 3000, 2000 Indexes

XL Fleet Corp., a provider of hybrid electrification solutions for Classes 2-6 commercial and municipal vehicles, announced it has been added to the Russell 3000 Index and the U.S. Small Cap Russell 2000 Index effective June 28.

June 28, 2021
Business, Top 100

Hirschbach Announces Acquisition of Lessors

Hirschbach Motor Lines announced June 22 that it is expanding with the acquisition of Lessors Inc.

June 28, 2021
Business, Top 100

Former Werner CEO Greg Werner Dies

Greg Werner, the former CEO of Werner Enterprises, has died, the company confirmed June 25.

Connor D. Wolf | Staff Reporter
June 28, 2021
Government, Business, Technology, Logistics

Schumer, Buttigieg Vow to Advance NYC Gateway Tunnel

Senate Majority Leader Chuck Schumer and Transportation Secretary Pete Buttigieg vowed to advance a long-delayed rail tunnel connecting New York and New Jersey using money expected to be appropriated this year.

Keith Laing | Bloomberg News
June 28, 2021
Business, Fuel

Baker Hughes Takes a Stake in Synthetic Natural Gas Startup

Baker Hughes is taking a 15% stake in a startup that aims to produce natural gas from hydrogen and carbon dioxide, the oil field service company’s latest move to invest in technology designed to capture emissions.

Cameron Minnard | Bloomberg News
June 28, 2021
Government, Business

House Considers Highway Policy Bill This Week

Legislation designed to update the country’s surface transportation policies is scheduled for floor consideration this week, likely today or Wednesday, in the U.S. House of Representatives. Here's your Capitol Agenda look at the week ahead for trucking on Capitol Hill.

Eugene Mulero | Senior Reporter
June 28, 2021
Business, Logistics

Sutton Transport Acquires E F Express

Sutton Transport Inc. announced June 24 that it has entered into an agreement to purchase E F Express.

June 28, 2021
Government, Business, Logistics

Here’s Why You Should Christmas Shop Early

If it seems like shipping delays and soaring delivery costs aren’t getting any better, it’s because by some metrics they’re both getting worse.

Brendan Murray | Bloomberg News
June 28, 2021
Government, Business, Technology, Safety, Fuel, Autonomous

Tesla Dealt Big Blow as Almost All Cars in China Need Safety Fix

Tesla Inc.’s aspirations in China were dealt a major blow over the weekend after the government ordered that almost all the cars it has sold in the nation — more than 285,000 of them — be fixed to address a safety issue.

Katrina Nicholas | Bloomberg News
June 28, 2021