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, Equipment

SAF-Holland Launches New Trailer Air Suspensions

SAF-Holland Group announced its new CBXA AeroBeam Series of fixed frame suspensions, calling them the lightest weight top mount trailer air suspensions in the industry.

April 29, 2021
Government, Business, Fuel, TCA

Connecticut Republicans Attack Governor’s Truck-Tax Plan

HARTFORD, Conn. — Republican state lawmakers, along with trucking and food-distribution executives, on April 28 declared war on Gov. Ned Lamont’s proposed regional climate initiative and user tax for heavy trucks on state highways.

Ken Dixon | Connecticut Post (Bridgeport, Conn.)
April 29, 2021
Business, Technology, Top 50, Top 100

Schneider Reports Q1 Net Income, Revenue Growth

Schneider National saw revenue and earnings growth during the first quarter of 2021, the company reported April 29.

Connor D. Wolf | Staff Reporter
April 29, 2021
Business, TCA

Navistar to Staff Up at Ohio Plant

Navistar is planning to hire up to 350 additional people at its Springfield, Ohio, assembly plant as it increases production this summer.

Hasan Karim | Springfield (Ohio) News-Sun
April 29, 2021
Business, Technology, Equipment

Peterbilt Shows Off New Lineup in Classes 5-8

FORT WORTH, Texas — The infield lanes of Texas Motor Speedway provided the setting for Peterbilt Motors Co. to introduce members of the media to its new lineup of Classes 5-8 trucks.

Steve Sturgess | Special to Transport Topics
April 29, 2021
Business, Technology, Equipment

Caterpillar Says Chip Shortage May Hurt Equipment Deliveries

Caterpillar Inc. is warning of potential impacts ahead due to a global chip shortage, putting a damper on better-than-expected earnings for the world’s biggest maker of mining and construction equipment.

Joe Deaux | Bloomberg News
April 29, 2021
Business, Technology

Ford Posts Profit, Says Chip Shortage May Cut Production 50%

DETROIT — Ford Motor Co. posted a surprising $3.26 billion first-quarter net profit on April 28, but the company said a worsening global computer chip shortage could cut its production in half during the current quarter.

Tom Krisher | Associated Press
April 29, 2021
Government, Business

Sam Graves Calls for Bipartisanship Amid Infrastructure Talks

Reacting to President Joe Biden’s first address to a joint session of Congress, Sam Graves, the top Republican on the U.S. House of Representatives’ transportation committee, called on Democrats to pursue a bipartisan approach to legislating.

Eugene Mulero | Senior Reporter
April 29, 2021
Government, Business

Economy Accelerated at Robust 6.4% Rate Last Quarter

WASHINGTON — Powered by consumers, the U.S. economy grew at a brisk 6.4% annual rate last quarter — a show of strength fueled by government aid and declining viral cases that could drive further gains as the nation rebounds with unusual speed from the pandemic recession.

Martin Crutsinger | Associated Press
April 29, 2021
Business, Technology, Equipment, Fuel

Daimler Truck, Volvo to Make Fuel Cells in Europe in Joint Venture

FRANKFURT, Germany — Germany’s Daimler Truck AG and Sweden’s Volvo Group say they plan to jointly manufacture hydrogen fuel cells for trucks in Europe starting in 2025 and called on European Union policymakers to boost incentives for climate-neutral technologies.

David McHugh | Associated Press
April 29, 2021