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

Uber to Give UK Drivers Minimum Wage, Pension

LONDON — Uber is giving its U.K. drivers the minimum wage, pensions and holiday pay, after a recent court ruling that said they should be classified as workers and entitled to such benefits.

Kelvin Chan | Associated Press
March 17, 2021
Business, Technology

Rivian to Open Brooklyn Showroom

Rivian Automotive Inc., the electric truck startup backed by Amazon.com Inc., has signed a lease in Brooklyn for its first New York City retail store.

March 17, 2021
Government, Business, Technology

ATRI Report: National VMT System a Costly, Complex Proposition

The administrative costs of a national vehicle-miles-traveled fee system represent a more complicated picture than the costs associated with financing mechanisms such as the federal fuel tax, according to a recent analysis from the American Transportation Research Institute.

Eleanor Lamb | Staff Reporter
March 17, 2021
Government, Business, Technology, Logistics

Intel, Ford Urge Tax Benefits for Chips, US Manufacturing

Foreign producers of semiconductors, electric car batteries and pharmaceuticals will continue to squeeze U.S. manufacturing unless Congress provides more incentives for domestic production, representatives from Intel Corp. and Ford Motor Co. said March 16.

Laura Davison | Bloomberg News
March 16, 2021
Government, Business

Department of Labor Proposes Withdrawal of Its Independent Contractor Rule

The U.S. Department of Labor has proposed withdrawing a rule adopted in the waning days of the Trump administration that was generally perceived to be favorable to motor carriers’ use of independent contractors.

Eric Miller | Senior Reporter
March 16, 2021
Business, Equipment, Top 100

IMC Cos. Acquires Empire Truck Lines

IMC Cos. announced it acquired Empire Truck Lines, a container drayage company, effective March 12.

March 16, 2021
Government, Business

McConnell Rules Out GOP Support for Tax Hikes to Pay for Infrastructure

Senate Minority Leader Mitch McConnell said there was no chance that Republicans would back any tax increases to pay for President Joe Biden’s infrastructure plan, leaving Democrats to try to force through a package on their own.

Steven T. Dennis | Bloomberg News
March 16, 2021
Business, Technology, Equipment

Hino Turns to Cummins Diesel Engines for US, Canada

Hino Trucks announced it intends to produce model year 2022 Classes 6-8 trucks for the United States and Canada equipped exclusively with diesel engines from Cummins Inc.

Roger Gilroy | Senior Reporter
March 16, 2021
Business, Technology, Equipment, Fuel

VW Shares Soar on Plans to Beat Tesla

Volkswagen AG shares surged the most since a historic short squeeze a dozen years ago after back-to-back days of briefings on how it plans to supplant Tesla Inc. as the global electric vehicle leader.

Christoph Rauwald | Bloomberg News
March 16, 2021
Business, Equipment

Navistar Launches Aftermarket Line for Classes 2-5 Diesel Engines

Navistar International Corp. introduced aftermarket product line Diamond Advantage to provide parts for Class 2-5 diesel engines and engine components.

March 16, 2021