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.
In Wake of Outages, Tesla Plugs Secret Battery Into Texas Grid
The move marks Tesla Inc.’s first major foray into the epicenter of the U.S. energy economy.
Driverless Truck Startup Plus Seeks SPAC Merger
Self-driving truck startup Plus is in advanced talks with a few special purpose acquisition companies for a merger, as it seeks to bankroll its expansion in the autonomous driving industry, according to people familiar with the matter.
European Gasoline Diverted to Texas to Ease Supply Crunch
Five gasoline tankers that were en route to the U.S. East Coast diverted to the Port of Houston to help ease a supply crunch after last month’s freeze crippled the region’s refineries.
Senate OKs $1.9 Trillion COVID-19 Relief Package
The U.S. Senate passed a sweeping $1.9 trillion COVID-19 relief bill March 6 that includes billions for vaccines, $1,400 direct payments to many Americans and billions for transit.
Ex-DOT Official Finch Fulton Joins Locomation
Locomation hired former U.S. Department of Transportation official Finch Fulton to serve as its vice president of policy and strategy.
March 5, 2021Big G Express Announces 6th Annual Charity Motorcycle Ride
Over-the-road trucking company Big G Express announced plans to hold its sixth annual motorcycle ride benefiting St. Jude Children’s Research Hospital on June 5.
March 5, 2021Oil Soars Above $66, Highest in Two Years
Oil rallied to the highest in nearly two years in New York after OPEC+ shocked markets with a decision to keep supply limited as the global economy starts to recover from the pandemic-driven slump.
CVSA Cancels North American Inspectors Championship in Minnesota
The Commercial Vehicle Safety Alliance has canceled this year’s North American Inspectors Championship, which had been scheduled to take place in August in Minneapolis, the trade group announced March 5.
Freight Economy Among Priorities of California’s Long-Term Plan
Improving freight movement in support of a strong economy is one of the priorities listed in the California Department of Transportation’s long-range transportation plan.
Commercial Vehicle Group Partners With Xos
Commercial Vehicle Group announced a partnership with commercial electric vehicle manufacturer Xos Inc. to develop sustainability initiatives intended to champion innovation and solutions for growing macro-trends in the marketplace.
March 5, 2021