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, Safety

Canadian Provinces Team With North Dakota to Vaccinate Cross-Border Truckers

Leaders from North Dakota and two Canadian provinces have reached agreements to offer COVID-19 vaccinations to Canada-based truckers who cross the border to deliver goods.

Eleanor Lamb | Staff Reporter
May 4, 2021
Government, Business, Technology, Equipment

Raimondo Calls for Surge in Chip Production

Commerce Secretary Gina Raimondo called for a major increase in U.S. production capacity for computer chips whose current shortages are causing global manufacturing bottlenecks, saying the push could create jobs and wean the nation off over-dependence on China and Taiwan.

Eric Martin | Bloomberg News
May 4, 2021
Government, Business

California Trucking Association to Appeal AB 5 Decision

The California Trucking Association will appeal a court decision on the state’s independent contractor law that many in trucking deem unfavorable to the industry, CTA CEO Shawn Yadon said on May 3.

Eric Miller | Senior Reporter
May 4, 2021
Business, Logistics, Top 100, TCA

UPS Driver Delivers Help to Those in Need in Louisiana

UPS driver James Joseph’s philosophy sounds a lot like a slogan his company once had: What can “Big Brown” do for you? When he’s not delivering packages, Joseph has helped deliver air conditioners and fans to people during sweltering weather, water and supplies to hurricane-stricken areas and, most recently, masks and hand sanitizer to schools across Louisiana.

George Morris | The Advocate (Baton Rouge, La.)
May 4, 2021
Business, Fuel

TravelCenters Reduces Net Loss in Q1; Revenue Rises

TravelCenters of America Inc. reduced its net loss and increased revenue in the first quarter compared with a year earlier.

Roger Gilroy | Senior Reporter
May 4, 2021
Business, TCA

Shortage of Truck Drivers Concerns California Ag Producers

A worsening shortage of truck drivers is raising concerns among California farmers that, unless a solution emerges soon, there might not be enough hauling capacity to bring this year’s harvest to market.

John Cox | The Bakersfield Californian
May 4, 2021
Business, Technology, Equipment

Eaton Reports Q1 Stronger Than Expected

Power management company Eaton Corp. reported higher net income and flat revenue in the first quarter as businesses continue to recover from the pandemic.

Roger Gilroy | Senior Reporter
May 4, 2021
Business, Top 100

ArcBest Reports Record Revenue for Q1 2021

ArcBest saw earnings increase and record revenue during the first quarter, the company reported May 4.

Connor D. Wolf | Staff Reporter
May 4, 2021
Business, Equipment

Meritor Reports Higher Revenue, Lower Income in FY Q2

Meritor Inc. reported higher fiscal second-quarter revenue and lower net income reflecting, respectively, strong truck production and a previous distribution agreement termination.

Roger Gilroy | Senior Reporter
May 4, 2021
Business, Technology, Autonomous

Tesla Told to Provide Documents Involving Musk Compensation

DOVER, Del. — A Delaware judge on May 3 ordered lawyers representing Tesla Inc. directors to turn over certain communications that CEO Elon Musk may have shared with the company’s top in-house attorneys before the board approved a compensation plan in 2018 that could net Musk more than $50 billion.

Randall Chase | Associated Press
May 4, 2021