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, Fuel

Permian Oil Nears Levels Not Seen Since Pandemic Start

The Permian Basin, the most prolific shale patch in the U.S., will produce crude oil at levels not seen since the start of the pandemic in the latest sign the global economy is heating back up.

Sheela Tobben | Bloomberg News
April 13, 2021
Government, Business, Technology, Top 100

TT Wins Five Regional ‘Azbee’ Awards

The American Society of Business Publication Editors has recognized Transport Topics’ 2020 coverage of the trucking industry with five regional “Azbee” awards.

April 12, 2021
Government, Business, Technology, Logistics

Biden Reassures Chip Summit of Bipartisan Support for New Funds

President Joe Biden told companies vying with each other for a sharply constrained global supply of semiconductors that he has bipartisan support for government funding to address a shortage that has idled automakers worldwide.

April 12, 2021
Business, Technology

Here Marketplace Adds CustomWeather to Platform

Here Technologies added weather conditions and environmental data to its location data platform, the company announced April 12.

April 12, 2021
Business, Technology

Lytx Recognizes ‘Heroes of the Road'

Lytx announced April 8 the recipients of its 2021 Driver of the Year and Coach of the Year awards.

April 12, 2021
Business, Technology, Equipment, Safety, Autonomous

Plus, Iveco Sign Memo of Understanding on Autonomous Trucks

Self-driving truck technology developer Plus announced it signed a memorandum of understanding with Iveco, a brand of CNH Industrial N.V., to jointly develop autonomous trucks that will be deployed across China, Europe and other areas.

April 12, 2021
Business, Technology, Safety

Idelic Raises $20 Million in Financing for Transportation Safety Products

Data analytics and driver management systems developer Idelic has completed a $20 million fundraising round to help continue development of its transportation safety products, the company announced.

April 12, 2021
Government, Business

White House Grades States’ Infrastructure as It Pushes Bill

WASHINGTON — President Joe Biden wants Congress to know he’s sincere about cutting a deal on infrastructure, but the White House is also highlighting needed repairs and upgrades state-by-state that cost far more than what Republicans are willing to spend.

Josh Boak | The Associated Press
April 12, 2021
Business, Technology, Equipment, Breaking News

March US Class 8 Sales Jump 33.7%

U.S. Class 8 retail sales in March jumped 33.7% to 22,031 as all truck makers posted gains compared with a year earlier, WardsAuto.com reported.

Roger Gilroy | Senior Reporter
April 12, 2021
Government, Business, Safety

Biden Proposes Transportation Budget Increase

President Joe Biden has previewed a $1.5 trillion fiscal 2022 budget plan that would increase discretionary spending for transportation systems and severe weather resilience programs.

Eugene Mulero | Senior Reporter
April 12, 2021