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, Equipment

Utility Makes ConMet Preset Plus Wheel End Hubs Standard Feature

Utility Trailer Manufacturing Co. announced ConMet Preset Plus wheel end hubs as the standard base specification on all Utility trailer models.

April 12, 2021
Government, Business

Wisconsin DOT Issues $99.1 Million to Municipalities

Wisconsin Gov. Tony Evers and transportation officials recently announced $99.1 million in transportation aid has been distributed to municipalities across the state.

Eleanor Lamb | Staff Reporter
April 12, 2021
Business, Logistics, Top 100, TCA

Covenant Realigns Top Management

Covenant Transportation Group Inc. is realigning its senior management team at its Chattanooga, Tenn., headquarters three years after making its biggest purchase in the company’s 35-year history.

April 12, 2021
Business, Technology, Logistics

Uber Sees Record Demand as Vaccinations Rise

Uber is offering sign-up bonuses and other incentives for drivers as it faces record demand for rides and meal delivery.

Dee-Ann Durbin | Associated Press
April 12, 2021
Business, Technology

TMC Survey Shows Impact of Semiconductor Shortage on Fleets

The ongoing shortage of semiconductors along with scant availability of other parts and supplies are causing delays for trucking fleets, a recent survey found.

Connor D. Wolf | Staff Reporter
April 12, 2021
Government, Business

Utah Trucker Pleads Guilty to Paying Bribes

A Utah man has pleaded guilty to paying $490,000 in bribes from 2012-2019 in order to steer $24 million in business to trucking operations he founded.

Eric Miller | Senior Reporter
April 12, 2021
Business, Technology, Fuel, Autonomous

Huawei to Invest $1 Billion on Car Tech It Says Surpasses Tesla

Huawei Technologies Co. will invest $1 billion on researching self-driving and electric-car technologies, accelerating plans to compete with Tesla Inc. and Xiaomi Corp. in the world’s biggest vehicle arena.

April 12, 2021
Government, Business, Technology, Fuel, Autonomous

Biden Sees ‘Win’ for US in Electric Vehicle Battery Deal

WASHINGTON — Two big South Korean electric vehicle battery makers have settled a long-running trade dispute that will allow one company to move ahead with plans to manufacture batteries in Georgia. President Joe Biden called it “a win for American workers and the American auto industry.”

Matthew Daly and Tom Krisher | Associated Press
April 12, 2021
Government, Business, Safety

Trucking Leaders Hail West Virginia Bill as Step Against 'Seat Belt Gag Rule'

The West Virginia Legislature has passed a bill to allow use or nonuse of seat belts as admissible evidence in civil actions, a legislative step the trucking industry has applauded.

Eleanor Lamb | Staff Reporter
April 9, 2021
Business, Technology, Logistics

MercuryGate Acquires Cheetah Software

MercuryGate International Inc. announced it acquired Cheetah Software Systems.

April 9, 2021