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

Biden Meeting to Test Support for Infrastructure Plan in Congress

President Joe Biden will meet with Republican and Democratic members of Congress on April 12 to discuss his $2.25 trillion plan to build U.S. infrastructure, an early test of political support for the proposal.

Jenny Leonard | Bloomberg News
April 9, 2021
Business, Technology, Fuel

Lion Electric Appoints First Chief Legal Officer

Truck maker Lion Electric announced it appointed François Duquette chief legal officer, a newly created role.

April 9, 2021
Government, Business, Fuel

Reason Foundation Report on Rest Areas Challenged by Truck Stop Operators

A report that suggests a longstanding prohibition on commercial services at interstate rest areas should be lifted is being opposed by a group representing private truck stops.

Eleanor Lamb | Staff Reporter
April 9, 2021
Business, Equipment

Dobbs Truck Group Adds 18th Peterbilt Location

Dobbs Truck Group announced it broke ground on its latest Peterbilt Motors Co. dealership, as well as Dobbs Truck Group corporate office in Sumner, Wash.

April 9, 2021
Business, Technology, Equipment

Volvo Plans for Fossil-Free Steel in Trucks

Volvo Group has signed a collaboration agreement with steel company SSAB to cover research and development of what Volvo called the world’s first vehicles to be made of fossil-free steel.

April 9, 2021
Business, Technology, Equipment

Chip Shortage Forces More Production Cuts by GM, Ford

DETROIT — The global shortage of semiconductors has forced General Motors and Ford to further cut production at their North American factories as chip supplies seem to be growing tighter.

April 9, 2021
Business

Amazon Secures Enough Votes to Block Union Effort

Amazon has secured enough votes to block a union effort at a warehouse in Bessemer, Ala., proving the might of the online shopping giant and cutting off a path that labor activists had hoped would lead to similar efforts throughout the company and beyond.

Joseph Pisani | Associated Press
April 9, 2021
Government, Business, Technology

Musk Statement on Tesla Production Raises Questions

DETROIT — Tesla CEO Elon Musk is once again drawing scrutiny for questionable comments he made to Wall Street analysts, this time involving the status of his company’s vehicle production.

Tom Krisher | Associated Press
April 9, 2021
Government, Business, Technology, Safety

Boeing Grounds Dozens of 737 Max Jets on Manufacturing Flaw

Boeing Co. grounded dozens of 737 Max jets to repair an electrical flaw that emerged just months after the planes were cleared to return to the skies, forcing airlines to cancel flights and line up replacement aircraft.

April 9, 2021
Business, Logistics, Top 50

Hapag-Lloyd CEO Says Ocean-Shipping Demand Staying ‘Very Strong’

Robust demand for shipping goods across the world’s oceans shows no signs of slowing down, the chief executive of Germany’s largest container carrier said, signaling that elevated rates in the tight market for seaborne cargo may extend into the second half of the year.

Brendan Murray | Bloomberg News
April 9, 2021