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, Autonomous, TCA

Elon Musk Plays Nice as ‘SNL’ Host

Elon Musk’s “Saturday Night Live” episode on May 8 was neither controversial nor disruptive. It was, in the end, a decent but rather uneventful evening, neither the flaming car wreck his detractors expected or edgy show for which his fans were hoping.

Adam Graham | The Detroit News
May 10, 2021
Government, Business, Technology, Equipment, Fuel

Diesel Engine Makers Need to Innovate to Meet Stricter NOx Emission Standards

As state and federal clean-air regulators move forward with plans to further reduce nitrogen oxide and particulate matter emissions from commercial trucks, diesel engine makers are exploring new technologies to meet those targets in the coming years.

John Baxter | Special to Transport Topics
May 10, 2021
Business, Logistics, Top 100

Daseke Reports Improved Q1 Earnings

Flatbed carrier Daseke Inc. reported that its first-quarter net loss narrowed by more than half compared with year-ago levels.

Dan Ronan | Senior Reporter
May 10, 2021
Business, Logistics

Patrick Moebel Appointed President of FedEx Trade Networks

FedEx Logistics Inc. has appointed Patrick Moebel to be president of FedEx Trade Networks Transport & Brokerage, Inc., the company announced May 10.

Connor D. Wolf | Staff Reporter
May 10, 2021
Government, Business, Technology, Fuel

Colonial Pipeline Could Be Back Up Within Days

WASHINGTON — The operator of a major U.S. pipeline hit by a cyberattack said May 10 it hopes to have service mostly restored by the end of the week.

May 10, 2021
Government, Business, Technology, Fuel

Gas Futures Shrug Off Cyberattack on Pipeline

A rally in gasoline futures lost steam as traders expect there will be enough fuel supply to meet demand after a cyberattack led to the shutdown of the largest U.S. oil-products pipeline. Crude futures reversed gains

Andres Guerra Luz | Bloomberg News
May 10, 2021
Business, Technology, Fuel, Autonomous

Mercedes Unveils Electric Van for Growing Battery-Powered Lineup

Mercedes-Benz is giving a sneak peek of an electric van that is among the models broadening its battery-powered range over the next year.

Christoph Rauwald | Bloomberg News
May 10, 2021
Business, Top 100

Tyson Earnings Top Estimates on Beef Demand

Tyson Foods Inc., the biggest U.S. meat company, reported better-than-expected fiscal second-quarter earnings and raised its sales forecast as beef markets strengthen and the company increases prices to pass through higher costs.

Michael Hirtzer | Bloomberg News
May 10, 2021
Business, Technology, Fuel, Autonomous

Driverless Truck Startup Plus to List in $3.3 Billion SPAC Deal

Self-driving truck technology developer Plus announced it entered into a definitive business combination agreement with Hennessy Capital Investment Corp. V, a publicly traded special purpose acquisition company.

Roger Gilroy | Senior Reporter
May 10, 2021
Government, Business, Fuel

Cyberattack on US Pipeline Linked to Criminal Gang

NEW YORK — The cyberextortion attempt that has forced the shutdown of a vital U.S. pipeline was carried out by a criminal gang known as DarkSide that cultivates a Robin Hood image of stealing from corporations and giving a cut to charity, two people close to the investigation said May 9.

Mae Anderson and Frank Bajak | Associated Press
May 10, 2021