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.

Government, Business, Technology, Fuel

US Recovers Millions in Ransom From Colonial Pipeline Hackers

The U.S. recovered almost all the bitcoin ransom paid to the perpetrators of the cyberattack on Colonial Pipeline Co. in May in a sign that law enforcement is capable of pursuing online criminals even when they operate outside the nation’s borders.

June 7, 2021
Business, Logistics

Suddath Expands Local Moving Brand to Orlando

The Suddath Companies has expanded its recently launched MoveDay local moving brand to Orlando, the company announced June 7.

Connor D. Wolf | Staff Reporter
June 7, 2021
Business

UAW Workers Reject Second Tentative Agreement With VTNA, Resume Strike

Volvo Trucks North America announced members of the United Auto Workers union at its New River Valley assembly operations in Dublin, Va., have resumed a labor strike following their rejection of a second tentative labor agreement.

Roger Gilroy | Senior Reporter
June 7, 2021
Government, Business, Top 100, TCA

CSX Plan to Buy Pan Am Railways Rejected

SPRINGFIELD, Mass. — Federal regulators recently rejected CSX’s plan to buy Pan Am Railways Inc., which operates 1,200 miles of track.

Jim Kinney | The Republican (Springfield, Mass.)
June 7, 2021
Business, Technology, Top 50, Top 100

J.B. Hunt Boosts Supply Chain Inclusivity With $1 Million Scholarship Fund

J.B. Hunt Transport Services and the University of Arkansas jointly endowed a $1 million scholarship fund June 2 to advance supply chain sustainability and inclusivity.

June 7, 2021
Government, Business, Fuel

Energy Chief Jennifer Granholm Cites Risk of Cyberattacks Crippling Power Grid

WASHINGTON — Energy Secretary Jennifer Granholm on June 6 called for more public-private cooperation on cyber defenses and said U.S. adversaries already are capable of using cyber intrusions to shut down the U.S. power grid.

June 7, 2021
Business, Technology

Bosch Opens Chip Factory to Help Relieve Global Shortage

Robert Bosch GmbH opened a 1 billion euro ($1.2 billion) semiconductor chip factory that gradually should help alleviate supply constraints and herald broader efforts to make Europe less dependent on imports from Asia or the U.S.

Christoph Rauwald | Bloomberg News
June 7, 2021
Business, Technology, Equipment, Safety, Top 100

Drivers, Fleets Become More Comfortable With Advanced Driver Assistance Systems

Advanced driver assistance systems initially encountered driver resistance, but over time have become a more widely accepted and even embraced trend as drivers realize their benefits.

Gary Frantz | Special to Transport Topics
June 7, 2021
Government, Business

Biden Rejects Higher GOP Infrastructure Offer From Capito

President Joe Biden rejected an increased infrastructure offer from a group of Senate Republicans led by Shelley Moore Capito on June 4, the White House said.

June 4, 2021
Government, Business, Safety, Logistics

C.H. Robinson Petitions Supreme Court to Hear Negligent Hiring Case

C.H. Robinson Worldwide Inc. has asked the U.S. Supreme Court to overturn a federal appellate court decision involving a personal injury suit accusing the freight broker of negligent hiring.

Eric Miller | Senior Reporter
June 4, 2021