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.
Trucker Tools Acquired by ASG
Trucker Tools has been acquired by the software-focused investment portfolio company ASG, the companies announced June 22.
May Tonnage Rises 3.7% Year-Over-Year
Truck tonnage rose 3.7% in May compared with year-ago levels and is pacing well against comparisons to the early months of the coronavirus pandemic, according to American Trucking Associations.
China Trucking Startup Full Truck Alliance Raises $1.6 Billion in US IPO
Full Truck Alliance Co., an Uber-like trucking startup, has raised $1.6 billion after pricing its U.S. initial public offering at the top of a marketed range, in one of the biggest listings stateside by a Chinese company this year.
Amazon Might Have to Sell Logistics Business Under Bill
Amazon .com Inc. could be forced to sell its valuable logistics services division — the network of warehouses and delivery hubs around the country that power quick delivery of online orders — under antitrust legislation proposed by a congresswoman from Amazon’s hometown of Seattle, according to a spokesman for the lawmaker.
Some Denver Gas Stations Have Been Running Short of Fuel
Dozens of gasoline stations in Denver and southern Colorado ran dry last weekend as a shortage of truck drivers and pipeline work delayed fuel supplies.
Public, Private Groups Pilot Last-Mile Delivery Hub in Seattle
The University of Washington’s Urban Freight Lab, in collaboration with various companies, is piloting a zero-emission hub for last-mile deliveries.
US House Highway Bill to Reach Floor This Month
Floor consideration in the U.S. House of Representatives of legislation that would update the country’s surface transportation policies is expected as early as this month.
First Production Model Peterbilt 220EV Goes to Alaska
Peterbilt Motors Co. announced the delivery of the first production Model 220EV to the Department of Solid Waste Services in Anchorage, Alaska. Ordered but not yet delivered was a Model 520EV truck.
June 21, 2021Biden Won’t Accept Gas Tax in Latest Infrastructure Plan
President Joe Biden still sees sticking points in a draft bipartisan Senate infrastructure plan, as top aides warned June 21 that they continue to explore other legislative pathways and will not support certain tax increases as part of a final deal.
Fleets’ COVID-19 Safety Practices May Linger After Pandemic Ends
The COVID-19 outbreak prompted transportation companies to adopt a battery of safety measures — some of which may remain in place even after the pandemic is over.