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, Fuel

Fleets Selected for NACFE's Run on Less - Electric Event

The North American Council for Freight Efficiency has announced Run on Less – Electric, a real-world demonstration slated for September of zero-emission goods movement involving 13 private and public fleets and a mix of vehicles — including yard tractors — from 13 OEMs.

Roger Gilroy | Senior Reporter
March 31, 2021
Business, Logistics

Fight Over Chicago Golf Course Slated to Become Logistics Center Heating Up

A once-thriving country club near major interstate highways in Chicago was set to be the new home of an 800,000-square-foot distribution and warehouse facility, Now it is at the center of a legal battle involving a part of the city critical to trucking.

Dan Ronan | Senior Reporter
March 31, 2021
Government, Business

Canada Sees Record First Quarter for M&A

Mergers and acquisitions are off to their fastest start to a year ever in Canada, driven by a combination of cheap financing for buyers, high valuations for sellers and an improving economic outlook that’s encouraging companies to make major moves.

Kevin Orland | Bloomberg News
March 31, 2021
Government, Business, Technology, Safety

ATA Supports Federal Legislation to Help States Curb Cellphone Use for All Motorists

American Trucking Associations has announced its support for federal legislation aimed at helping states curb distracted driving using cellphones for all motorists, a leading cause of highway accidents and fatalities.

Eric Miller | Senior Reporter
March 31, 2021
Business, Technology, Fuel

Stellantis to Offer New Vans Pairing Hydrogen and Battery Power

Stellantis NV’s new range of cargo vans running on both hydrogen and plug-in electric technology offer the promise of emitting only water vapor and refueling time on par with going to the gas station.

Tara Patel | Bloomberg News
March 31, 2021
Business, Technology, Logistics

Geodis Announces Plans for Remote-Operated Forklifts

Logistics giant Geodis SA says it plans to begin using remote-operated forklifts in its warehouses. The Paris-based company announced early March 31 that it has formed a partnership with Silicon Valley start-up Phantom Auto to supply teleoperations.

Ira Boudway | Bloomberg News
March 31, 2021
Business, Technology, Equipment, Autonomous

Embark Announces First OEM-Agnostic Self-Driving Interface

Autonomous technology company Embark announced a new self-driving system whose components and flexible interfaces are intended to be OEM-agnostic and accelerate fleet deployments.

Roger Gilroy | Senior Reporter
March 31, 2021
Business, Technology, Fuel

Daimler’s Mercedes-Benz to Start Electric Van Production in US in 2023

Mercedes-Benz is bringing production of its new electric delivery van to the U.S. in the second half of 2023, joining a herd of automakers seeking to capitalize on the greening of e-commerce.

Gabrielle Coppola | Bloomberg News
March 30, 2021
Business

Hertz Competing Reorganization Plans Hinge on Pending Details

The fate of Hertz Global Holdings Inc. depends on details still pending behind two formally submitted bids, it said in court papers.

March 30, 2021
Business, Technology, Logistics, Top 100

Roadrunner Takes Major Steps in Transformation Plans

Roadrunner Freight took another step in its ongoing transformation with a March 25 announcement of a $50 million equity private placement and additions to its leadership team.

Connor D. Wolf | Staff Reporter
March 30, 2021