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.
GM to Halt Midsize Truck Production on Chip Woes
DETROIT — General Motors Co. is halting production for two weeks at its Missouri midsize truck plant due to a global semiconductor supply constraint, the automaker said March 24.
Alabama Leaders Pitch Trucks-Only Toll Bridge
Leaders in the Mobile, Ala., area have proposed plans for a new toll bridge project that will be exclusive to large trucks.
Global Auto Plants Idle as Chip Supplies Dry Up
Many of the world’s biggest automakers are suspending operations at their factories in Asia, Europe and North America due to a persistent shortage of semiconductors that was exacerbated by a fire at a key chip-producing plant over the weekend.
Canadian Pacific-Kansas City Southern Merger Will Create 'Transformative' Network
Canadian Pacific Railway Ltd. envisions a “transformative” remaking of its freight-rail business after an announced merger with Kansas City Southern Railway that will create the first U.S.-Mexico-Canada network.
Japan’s Toyota, Isuzu, Hino Join in Truck Technology Tie Up
Toyota, Isuzu and Hino are setting up a partnership in commercial vehicles to work together in electric, hydrogen, connected and autonomous driving technologies, the three Japanese automakers said March 24.
Frito-Lay Replaces All Diesel Vehicles at Facility With Cleaner Tech
Frito-Lay has largely completed the transformation of a snack food facility in California to use zero-emission and near-zero-emission technologies for production and transportation.
Containership Blocking Suez Canal Remains Stuck
A giant containership remains stuck in the Suez Canal, blocking one of the world’s busiest maritime trade routes that’s vital for the movement of everything from oil to consumer goods.
March 24, 2021BorgWarner Shares Drop After Skepticism on New EV Vision
BorgWarner Inc.’s attempt to garner more respect from investors for its effort to shift to electrification fell flat, triggering an 8% slide in the auto-parts maker’s shares on the day it presented its strategic vision.
Self-Driving Truck Developer TuSimple Files for IPO
Self-driving truck developer TuSimple is moving forward with plans to become a publicly traded company.
Maersk Can’t Find Enough Women to Pursue Top Jobs
The chairman of A.P. Moller-Maersk A/S, Jim Hagemann Snabe, said it is proving difficult to get enough women to apply for top management jobs at the world’s biggest container-shipping company.