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, Fuel

Proterra Eyes US Battery-Cell Facility Within Next Few Years

Proterra Inc., the electric-bus and battery maker that joined the Nasdaq Global Select Market, is planning a domestic battery-cell manufacturing facility within the next few years.

Brian Eckhouse | Bloomberg News
June 23, 2021
Government, Business

US June Manufacturing Index at Record High, Services Dip

A measure of U.S. manufacturing activity expanded in June at the fastest pace in records dating back to 2007, fueled by easing pandemic restrictions and a strengthening domestic economy.

Alex Tanzi | Bloomberg News
June 23, 2021
Government, Business, Safety, Logistics

Suez Canal, Ever Given Ship Owners Reach Compensation Deal

Egyptian officials and owners of the giant Ever Given vessel that blocked the Suez Canal earlier this year have reached a preliminary deal over compensation, according to the ship’s representatives.

Salma El Wardany | Bloomberg News
June 23, 2021
Business, Technology, Equipment

Nikola Invests in Midwestern Hydrogen Plant

Zero-emission truck builder Nikola Corp. has invested $50 million in cash and stock in Wabash Valley Resources in exchange for a 20% equity interest in the clean hydrogen production project WVR is developing in West Terre Haute, Ind.

June 23, 2021
Government, Business

California Trucking Association to Take AB 5 Case to Supreme Court

The California Trucking Association on June 21 learned that the 9th U.S. Circuit Court of Appeals will not reconsider its earlier rejection of CTA’s challenge to a state independent contractor law. CTA plans to appeal its complaint to the nation’s highest court.

Eric Miller | Senior Reporter
June 22, 2021
Business, Equipment

Five Star International’s Frederick Scheler Named North American Dealer of the Year

International, the commercial truck brand of Navistar Inc., announced June 15 that it has named Frederick Scheler its 2020 North American Dealer of the Year.

June 22, 2021
Business, Safety

First Highway to Hope Virtual Concert Raises $75,000 for Drivers in Need

The St. Christopher Truckers Relief Fund announced that the inaugural “Highway to Hope” virtual benefit concert raised more than $75,000.

June 22, 2021
Business, Technology, Fuel, Autonomous

VW CEO Sees Autonomy Transforming Cars More Than Electrification

Volkswagen AG is undergoing the world’s largest industrial overhaul for the electric-vehicle age, plotting half a dozen battery plants just in Europe and retooling assembly lines around the globe. And yet, its CEO sees autonomous-driving technology bringing about an even bigger shift.

Christoph Rauwald | Bloomberg News
June 22, 2021
Government, Business, Fuel

Colonial Pipeline Sued for Gas Crisis From Ransomware Attack

Colonial Pipeline Co. was sued by a gas station seeking to represent thousands more over the ransomware attack in May that paralyzed the U.S. East Coast’s flow of gasoline, diesel and jet fuel.

Christopher Yasiejko | Bloomberg News
June 22, 2021
Government, Business, Safety

Massachusetts' $2.65 Billion Capital Plan Includes Funds for Transportation

Massachusetts leaders recently announced a $2.65 billion Capital Plan, which includes millions for improving transportation infrastructure and bottlenecks.

Eleanor Lamb | Staff Reporter
June 22, 2021