Business
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.
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.
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, 2021Reason 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.
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, 2021Volvo 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, 2021Chip 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, 2021Amazon 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.
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.
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, 2021Hapag-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.