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.
Mack Lightens Suspension, Adds Active Steering on Certain Models
Mack Trucks announced improved weight savings on its mRide suspension and the availability of its active steering system on certain models during the virtual 2021 Work Truck Show.
March 9, 2021Biden Faces Tougher Obstacles for Broad Relief Bill Sequel
President Joe Biden’s soon-to-be-unveiled longer-term economic stimulus package is set for far tougher obstacles in Congress than the pandemic-relief bill that’s on the verge of squeaking through without a single Republican’s backing.
Rivian Seeks 3-in-a-Row EV Debuts, Defying History
Rivian Automotive Inc., the electric-truck startup backed by Amazon .com Inc., is running the automotive equivalent of a three-ring circus: attempting to launch a trio of new vehicles in a factory that made its last car six years ago.
Traffic Volumes Continue to Climb Amid Pandemic
Traffic levels related to freight movement generally have fared better than levels associated with other modes of transportation during the COVID-19 pandemic, but future travel trends remain hard to predict.
Ford Telematics Now Available for Non-Ford Commercial Vehicles
Ford Motor Co. is making its telematics system available to all commercial vehicle manufacturers, the company announced.
Sen. Ed Markey Pushes Climate-Focused Transportation Bills
A group of Democratic senators recently introduced legislation designed to initiate reductions of greenhouse gas emissions on the nation’s highways.
Biden’s Giant Stimulus to Easily Pass House, Democrats Say
President Joe Biden’s $1.9 trillion package will sail through the House when it takes up the bill on March 9, according to Democratic lawmakers and aides, even after proposals that progressives championed were scaled back.
Mullen Group to Acquire APPS Transport
Mullen Group has entered into a letter of intent agreement to acquire APPS Transport Group.
Amazon Spends $131 Million for Stake in Cargo Airline ATSG
Amazon .com Inc. has scooped up a minority stake in a cargo airline that operates a portion of its fast-growing air-cargo division, the latest sign of the retailer’s long-term ambitions to expand its airfreight operations.
Workhorse Rises After Lawmaker Seeks Probe of Big Oshkosh Trade
Workhorse Group Inc. rose after a U.S. lawmaker raised questions about a $54.2 million late-day block trade in competitor Oshkosh Corp. on the eve of a blockbuster U.S. Postal Service contract award.
March 8, 2021