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.
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.
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.
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.
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.
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, 2021Gas 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
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.
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.
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.
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.